Job Profile: Settlement Services Specialist
Company Name: Texas Comptroller of Public Accounts
Texas Comptroller of Public Accounts
• Austin, TX, United States
• via LinkedIn
• 1 day ago
• Full–time
Job highlights
Identified by Google from the original job post
Qualifications
- The candidate must have the ability to learn new concepts quickly and apply knowledge appropriately in a highly active environment with ever-changing circumstances
- Graduation from an accredited college or university with a bachelor’s degree
- Five years of experience in at least two of the following areas is required:
- Securities Operations
- Investment Accounting
- Funds Transfer (Wire) Operations
- Institutional Accounting Systems
- Trading Systems
- Transfer Agent Operations
- Banking
- Graduation from an accredited four-year college or university with major coursework in accounting, banking, business, finance, economics, or related field
- One additional year of the full-time minimum experience as stated above may substitute for each year (30 semester hours) of the required education with a maximum of 120 semester hours (four years)
- Employees are required to use their personal mobile phones as a part of 2 factor/multi factor authentication for accessing CPA systems securely
Benefits of Texas Comptroller of Public Accounts
- Personal development opportunities are strongly encouraged through available workshops, teambuilding exercises, and on the job training
- We offer flexible scheduling that helps employees maintain a healthy work-life balance
- You will also receive critical/emergency calls/texts on your cell phone to ensure immediate communication
- The agency offers a strong benefits package for you and your family
- Insurance, retirement plans, and a flexible work schedule are just the start
Responsibilities
- Working within the TTSTC in the Settlement & Custody Services (S&CS) area and performs highly complex (senior- level) accounting work associated with the settlement and safekeeping of securities and wire transfers at the Federal Reserve Bank (FRB), Depository Trust Company (DTC) and other sub-custodian accounts in addition to settlement, corporate action processing and in-house safekeeping of physical securities certificates
- Work involves utilization of various software programs; data entry and data verification; creation and distribution of reports within established timeframes; communications (both written and verbal); writing and maintaining procedures; securities and payment transaction reconciliations; and adherence to a high level of control functions established to mitigate operational risk
- Work requires high accuracy, strict attention to detail and completion of tasks by specified deadlines
- Agency standard work hours are Monday through Friday from 8am to 5pm, 40 hours per week with occasional evening and weekend hours
- Hours are subject to change based upon business need or division determination
- This position may be eligible for a flexible/hybrid work schedule if certain conditions are met; working arrangements may change at any time as business necessitates
- Performs START and/or END OF DAY processes on Federal Reserve Bank (FRB) user interface systems
- Retrieves and distributes reports from FRB user interface systems in a timely manner
- Monitors the FRB cash balance in real-time, while ensuring that wire transfers and securities settlements occur as timely as possible while striving to prevent account overdrafts
- Responds to problem situations in an expeditious manner while maintaining a calm demeanor
- Initiates or verifies wire transfer and securities settlement transactions via the Trust Company’s FRB, DTCC, and sub-custodian accounts
- Monitors the DTCC cash balance and securities settlements in real-time, while ensuring that transaction settlements occur as timely as possible
- Verifies and processes OMGEO trade confirmations
- Maintain daily workbooks and spreadsheets to provide accurate cash management results to the Trading Desk
- Responds to DTCC problem situations in an expeditious manner while maintaining a calm demeanor
- Procedures: Maintains accurate up-to-date written DTCC, Funds Transfer and Security Transfer procedures and process checklists, including an annual compliance procedure review
- Review procedures written by other team members as needed
- Within management-established time frames, deposit physical certificates to DTCC whenever TTSTC custodied certificates become eligible and take necessary action if corporate actions occur on certificates safe-kept in-house
- Gathers data, retrieves and distributes data or reports throughout the day in a timely manner
- Processes corporate actions and initiates research requests at DTCC in a timely manner
- Maintains institutional investment management industry awareness by pursuing relevant educational opportunities, applying knowledge to improve outcomes and maintaining awareness of relevant current events
- Performs projects and other duties as assigned
Job description
Applications must be filed at
Please be aware that this job posting may be closed without prior notice and potentially before the stated closing date if a qualified candidate is identified. We strongly encourage applicants to submit their applications promptly.
Are you prepared to advance and make a meaningful difference?
If you are looking to enhance your knowledge, develop your career, and connect with like-minded professionals, this is the ideal opportunity for you!
The culture at the Comptroller’s Office is characterized by innovation, collaboration, and a dedication to excellence. We take pride in our role as Texas’ accountant, tax collector, treasurer, and more. The Comptroller’s Office serves nearly every citizen in the state. As Texas’ chief tax collector, accountant, revenue estimator, treasurer, and purchasing manager, the agency is tasked with managing the financial operations of the multi-billion-dollar state government.
Our workforce reflects the diversity of the Texas population we serve. We value our employees and are deeply committed to public service. We strongly promote personal development through workshops, team-building activities, and on-the-job training. Additionally, we offer flexible scheduling to help employees achieve a healthy work-life balance.
About TTSTC:
The Texas Treasury Safekeeping Trust Company (TTSTC) is a specialized entity responsible for managing, safeguarding, and investing public funds and securities for the state of Texas, its agencies, and local political subdivisions. The unique status of TTSTC allows the Comptroller’s Office to access specialized investment services and programs, ensuring the highest returns at the lowest cost to the state.
General Description:
Become a part of the Texas Treasury Safekeeping Trust Company as a Settlement Services Specialist! In this role within the TTSTC’s Settlement & Custody Services (S&CS) division, you will perform highly complex (senior-level) accounting tasks.
Qualifications:
Minimum Qualifications:
• Graduation from an accredited college or university with a bachelor’s degree.
• Five years of experience in at least two of the following areas is required:
• Securities Operations
• Investment Operation
• Investment Accounting
• Funds Transfer (Wire) Operations
• Institutional Accounting Systems
• Trading Systems
• Transfer Agent Operations
• Banking
Preferred Qualifications:
Graduation from an accredited four-year college or university with major coursework in accounting, banking, business, finance, economics, or related field.
Substitutions:
One additional year of the full-time minimum experience as stated above may substitute for each year (30 semester hours) of the required education with a maximum of 120 semester hours (four years).
LICENSES / CERTIFICATIONS:
Certified Treasury Professional (CTP) and/or Certified Securities Operations Professional (CSOP) are preferred, but not required.
Summary Of Physical Requirements:
Employees are required to use their personal mobile phones as a part of 2 factor/multi factor authentication for accessing CPA systems securely. You will also receive critical/emergency calls/texts on your cell phone to ensure immediate communication.
In this role you will
• Performs START and/or END OF DAY processes on Federal Reserve Bank (FRB) user interface systems. Retrieves and distributes reports from FRB user interface systems in a timely manner.
• Monitors the FRB cash balance in real-time, while ensuring that wire transfers and securities settlements occur as timely as possible while striving to prevent account overdrafts. Responds to problem situations in an expeditious manner while maintaining a calm demeanor.
• Initiates or verifies wire transfer and securities settlement transactions via the Trust Company’s FRB, DTCC, and sub-custodian accounts.
• Monitors the DTCC cash balance and securities settlements in real-time, while ensuring that transaction settlements occur as timely as possible. Verifies and processes OMGEO trade confirmations. Maintain daily workbooks and spreadsheets to provide accurate cash management results to the Trading Desk. Responds to DTCC problem situations in an expeditious manner while maintaining a calm demeanor.
• Procedures: Maintains accurate up-to-date written DTCC, Funds Transfer and Security Transfer procedures and process checklists, including an annual compliance procedure review. Review procedures written by other team members as needed.
• Within management-established time frames, deposit physical certificates to DTCC whenever TTSTC custodied certificates become eligible and take necessary action if corporate actions occur on certificates safe-kept in-house.
• Gathers data, retrieves and distributes data or reports throughout the day in a timely manner.
• Processes corporate actions and initiates research requests at DTCC in a timely manner.
• Maintains institutional investment management industry awareness by pursuing relevant educational opportunities, applying knowledge to improve outcomes and maintaining awareness of relevant current events.
• Performs projects and other duties as assigned.
Maximize Your Earnings!
At the Comptroller’s office, we know potential employees are looking for more than just a paycheck. The agency offers a strong benefits package for you and your family. Insurance, retirement plans, and a flexible work schedule are just the start. See our benefits offering!
If you are seeking to gain knowledge, build your career, and network among goal-oriented professionals, this is the place for you!
Important Note to the Candidate:
Salary is contingent upon qualifications. If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request.
MILITARY PREFERENCE:
To receive MILITARY PREFERENCE, you are required to provide proof by attaching the necessary documentation to this job application.
Click on the occupational category for the position.
Additional MOS can be found at the State Auditor’s Office,
Military Crosswalk Guide.
The Texas Veterans Commission provides helpful employment information. Go to: http://www.texasskillstowork.com , http://www.onetonline.org , https://hr.sao.texas.gov/CompensationSystem/JobDescriptions/ or www.careeronestop.org for assistance translating your military experience and training courses into civilian job terms, qualifications/requirements and skill sets.
The Comptroller’s Office is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity.
