At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

POSITION SUMMARY

The Ops Specialist – Scl Settlements and Marks Team is responsible for the accurate settlement of lending activity in conjunction with the proper receipt and delivery of cash collateral to our borrowers. The team is responsible for daily mark to market and associated margin calls to our borrowers. The group uses industry automation and best practices to ensure timely break management. The group works closely with Trading to ensure the successful delivery of securities to our borrowers.

Under the supervision of the Settlements and Marks Supervisor, the Settlements and Marks Specialist will work closely with internal and external groups including Trading, Relationship Management, Trade Processing, Corporate Actions, BBH Clients and Borrowers. The candidate will be able to prioritize work with competing deadlines, have an understanding of global markets and adapt to changing market regulations and client parameters.

PRINCIPAL RESPONSIBILITIES

1. Quality Assurance/Control

• Ensure timely settlement of trades in various markets with various custodians.

• Maintain proper level of cash collateral for all outstanding loans

• Ensure time posting of corporate action entitlements

• Follow up on outstanding items with borrowers, traders and RMs

• Escalate past due items to supervisor

• Manage handoff of open London activity daily and ensure timely completion

• Cross train and cover other desks within lending operations as required

2. Transaction Process

• Process daily margin calls with our borrowers.

• Agree exposure figures daily with borrowers and resolve any breaks

• Work with borrowers to increase automation

3. Process Improvements

• Identify opportunities for process changes that result in productivity enhancements or risk reduction

• Work with supervisor and technology to develop and implement workflow changes to improve processing efficiency

• Stay up-to-date with evolving industry and regulatory changes impacting the business

KNOWLEDGE, SKILLS AND ABILITIES

Education level and/or relevant experience(s)

• BS/BA

• 0-1 years industry experience; securities lending a plus

Knowledge and skills (general and technical)

• Strong communication skills

• Strong analytical skills

• Ability to multitask and prioritize appropriately

• Understanding of global custody, equity finance, prime brokerage or securities lending industry.

• Familiarity with Securities Lending applications such as Global One, Equilend, Loanet a plus.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.