What are the responsibilities and job description for the Middle Office Specialist position at MTC Holding Corporation?
The Middle Office Specialist is a member of the Middle Office team which is responsible for non-trade related security processing, i.e. corporate actions, preparation of common trust fund valuations and the setup and pricing of securities. The accurate processing of incoming and outgoing free asset movement, cost basis adjustments and step-up basis processing while providing superior customer service to our clients through effective operational system support
Essential Duties / Responsibilities :
- Research, evaluate and process mandatory and voluntary corporate actions in a timely manner while understanding and mitigating risk associated with the role
- Responsible for the timely and accurate set up, maintenance and validation of new and existing securities in our global security database, in accordance to defined specifications
- Responsible for the timely and accurate pricing of securities, daily and at month end
- Prepare monthly Common Trust Fund valuations and annual audit reporting
- Create and load proxy files and distribute monthly reports
- Execution of free asset movement via ACAT and Non-ACAT processing
- Monitor and resolve custodial issues relating to incoming / outgoing accounts
- Monitor and update account cost basis and step-up basis per federal regulations
- Ensure all client electronic forms and files are processed timely and accurately
- Monitor group distribution email and ensure responses within the stated guidelines
- Offers exceptional client service by providing timely analysis, research and resolution to client or CSR inquiries and issue resolution
- Create, update, ongoing review and testing of procedures and daily checklists
- Cross train and maintain working knowledge of the procedures to provide effective backups during peer absences
- Assist in the implementation of new clients and the training for new and existing clients
Other Duties / Responsibilities :
Requirements
Job Qualifications :
Knowledge, Skills, Experience :
Education or Formal Training :
Trust Sourcing Solutions is an Equal Opportunity Employer
