What are the responsibilities and job description for the Trade Support Representative position at Piper Sandler?
At Piper Sandler, we connect capital with opportunity to build a better future.
We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.
The Trade Services group within Operations is seeking a Trade Support Representative in Minneapolis, MN.
This position provides functional, end-to-end support for the accurate and timely settlement of Piper Sandler’s trading activities with customers. Responsible for executing a variety of trade reconciliation/confirmation functions in accordance with industry practice, regulatory requirements and service level commitments. Provides high quality service to external clients, trading counter-parties, internal partners and the clearing vendor.
Responsibilities
Work in partnership with sales and trading, customers, and clearing agents throughout the customer trade life cycle to ensure the timely and accurate settlement of customer transactions; monitor trade allocation, affirmation and settlement work queues to maintain service level commitments, operational effectiveness and industry standards.
Provide fixed income product life cycle support for new and when issued securities, mortgage-backed paydown factor updates; assuring the accuracy of customer disclosures, trade settlements and inventory positions.
Perform daily reconciliations between the firm’s inventory positions and front-end trading systems to keep information flow in alignment with counter-parties and service vendors.
Interact with support and clearing vendors to institute process changes to improve efficiency, productivity and profitability while reducing the rate of exceptions and increasing straight through processing.
Participate in industry initiatives, system upgrades and regulatory changes through user acceptance testing, user advisory and quality assurance.
Learn functions for other desks within the group to maintain a support network model and understanding of interdependencies of process transfers.
May run and prepare routine financial reports and analyses.
May assist in preparation of monthly performance reporting for management, which help measure operational efficiencies and identify areas for improvement.
Perform additional tasks, responsibilities, and projects as assigned.
Qualifications
4 year degree in Accounting/Business/Finance.
0-2 years of work experience.
Prior experience with analytical software a plus (Microsoft Power BI, Tableau, Hyperion)
FINRA SIE and Series 7 licensing or willingness to obtain within 6 months.
Individual will be working in a team environment, which requires interaction with various levels of staff and management.
Must constructively deal with pressure and time sensitive deadlines, be multi-task oriented, and be able to take work direction from various sources.
Other skill set requirements include: excellent problem solving skills, effective communication skills, organizational skills, and proficiency in Microsoft Office products (especially Excel and Word).
As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture.
Our human capital, technology, marketing and other corporate support teams work with our business partners to maximize each employee. We understand the dynamic nature of the industry and work alongside our company strategies. Learn more about our firm here.
Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee’s health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.
All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.
The anticipated starting salary range for individuals expressing interest in this position is $50,000 - $60,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.
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Salary : $50,000 - $60,000
