Lead Specialist (Trade Settlement) in Brooklyn, OH at Key Bank- Corporate

Date Posted: 8/29/2018

Job Snapshot

  • Employee Type:
  • Location:
    4900 Tiedeman Road
    Brooklyn, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

The Trust Pre-Settlement and Settlement teams are responsible for the accurate and timely settlement of equity, fixed income, repo, options, swaps and futures trades, both US and global, for accounts on the Global Plus system. The team is responsible for pre-settlement processes of trades executed by third party investment managers. For the Securities Lending process, the Operations Group receives trade information generated from tables in the Global Data Store supporting Global Plus and WorldLend.


• Support the domestic and international custody accounts for KPB line of business that are managed by third party investment managers:

• Serving as primary settlement support and building working relationships with third party managers for domestic and international securities.

• Resolving trade exceptions by coordination with investment managers and/or brokers.

• Working with investment managers, brokers and internal teams to resolve failed trades on a timely basis.

• Researching and resolving exceptions, including depository position exceptions.

• Support DTC/FED Settlement:

• Deliver out sales of securities through the Depository Trust Company or the Federal Reserve according to industry and department deadlines.

• Settle purchases of securities through the Depository Trust Company or the Federal Reserve according to industry and department deadlines.

• Resolve settlement problems and issues through analysis and collaboration with both internal and external parties.

• Balance trade settlement activity through DTC/FED according to department deadlines.

• Perform the net settlement process with DTC according to department and industry deadlines.

• Support our LOB Securities Lending partners.

• Back-up for non-custody Huntington security lending movement.

• Back-up for the State of Ohio, process the Deutsche 3rd party agent activity.

• Back-up for the Corporate Securities Lending desk

• Actively work to streamline processes to improve efficiency.

• Maintain complete and accurate documentation of work performed.

• Provide a high level of service to both internal and external parties.

• Be an integral part of the coverage plan for all functions in the department.

• Participate in other continuous improvement projects.

Required Skills:

• Proven experience and success in a team environment.

• Knowledge of Microsoft Office.

• Proven problem resolution skills.

• Proven ability to build positive working relationships and to represent the organization positively.

• Excellent written and oral communication skills.

• Excellent organizational skills.

• Ability to manage multiple priorities.

• Proven ability to demonstrate the Key Values.

• Ability to learn detailed processes quickly and function independently with limited supervision.

• Ability to identify and articulate possible improvements in process flows.

Preferred Skills:

• Four year degree in business OR equivalent work experience in the financial services industry.

• Prior experience in securities industry. Experience in trade settlement, domestic / international securities and/or FX a plus.

• Operational banking experience.


• On the job.

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

Key Technology and Operations (KTO) is Key Bank’s shared services organization for technology, operational, and servicing functions supporting business partners and clients across all lines of business. Within the overall organization, KTO provides efficient, reliable and secure technology; creates an effective variable cost technology delivery model that maximizes the return on IT spend; orchestrates the efficient use of corporate information and technology assets; and supports innovation that creates competitive distinction. KTO is effective and efficient in payment and deposit servicing, loan servicing, exception and dispute processing, investment and support services, sourcing and procurement, as well as enterprise-wide fraud prevention, investigations and operational support to human resources and the Bank’s BSA/AML program.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 31315BR

Not Ready to Apply?

Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you.