Operations Associate (Entry Level)

Date: Aug 14, 2019

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

Overview:

NYL Investors LLC, an integrated asset management enterprise with over $250 billion in assets under management is currently seeking a Middle Office Operations Associate to perform functions related to securities settlement and mortgage backed allocations. 

 

Responsibilities:

  • Confirm trade details and provide allocations to the counterparties electronically via OASYS
  • Communicate trades electronically via SWIFT messaging to the custodian banks
  • Review custodian settlement reports to ensure all trades settle on settlement date
  • Research failed trades with counterparties and publish fail details for management review
  • Confirm Tri Party REPO trade details with counterparties electronically, communicate instructions to custodians, and monitor collateral
  • Allocate pools to TBA Trades, process pair off wires, and communicate fails to management
  • Work with management and Information Technology to improve current processes

 

Qualifications:

  • BA/BS in Business Administration with a Finance concentration preferred
  • 1+ years of securities industry experience is a plus.
  • Knowledge of Fixed Income and Equity products and markets is preferred. 
  • Experience with Oasys is a plus.
  • Strong systems skills; advanced skills in Excel is a plus
  • Good oral and written communication skills required. 
  • Excellent interpersonal, teamwork and client service skills are a must.

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EOE M/F/D/V

 

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