Director, Securities Trade and Reconciliation
MassMutual
- USA
- $128,000-168,000 per year
- Permanent
- Full-time
As the Director, Securities Trade and Reconciliation you will lead a team of associates and be responsible for the daily automated and manual trade processing and data reconciliation. You will play a critical role in understanding the flow of complex trades and the creation and sourcing of security master information required to ensure trades flow accurately through the system. You will be responsible for reconciliations ensuring trades have loaded and processed through the system correctly and provide root cause analysis for problems when they occur. You will act as a point of escalation for complex issues and be empowered to make decisions impacting the team. You will actively focus on coaching the team, providing feedback, and encouraging knowledge transfer opportunities. Additionally, you will lead an effort to expand the team capabilities with offshore partners including training and transition plans. You will have a strong business acumen of investment types and their life cycle and demonstrate interest in continued development. The nature of the work will require perseverance, accountability, and resourcefulness to identify opportunities to improve processes that address the root causes of business challenges.The TeamThe Securities Trade and Reconciliation team is part of the Investment Data Integrity team reporting to the Head of Investment Data Integrity, part of the MassMutual Investment Operations team within the Investment Management division. Trade and Reconciliation analysts are accountable for the ingestion of the securities trade flowing into the investment ecosystem and maintaining security master information including data validation, researching and reconciling critical data elements and trade processing metrics.The Impact:Manage multiple and complex functions of the Securities Trade and Reconciliation team, including monitoring and error resolution of automated trade process and manual security master and trade processing from multiple sourcesAddress issues reported from business partners regarding missing or incomplete trade informationCreate and report daily/monthly metrics regarding trade processing, new asset set ups and error trackingAssist in determining the appropriate processing of complex transactions and projects related to tradesOwnership of trade related critical data element reconciliations and data trapsProvide ongoing training and coaching to team members, encouraging decision making and ownership of issuesIdentify, implement and drive continuous improvement and efficienciesManage employee development, training and planningDirect staff in the development and implementation of departmental policies and proceduresMaintain internal control standards, including timely implementation and execution of internal and external audit remediationThe Minimum QualificationsBachelor’s degree or equivalent experience is required7+ years of securities data experience with an understanding of securities life cycleThe Ideal QualificationsBachelor’s degree in Finance, Accounting or related areaKnowledge of investment data management from ingestion of source data to end user reportingPrior experience leading or managing a teamAbility to communicate across all levels of the organization, comfortable interacting with vendors, business partners, external managers and internal Investment teams aAbility to work across multiple priorities with limited guidanceAbility to independently explore solutions to a problem and adapt quickly to changesCollaboration skills and the ability to work in a team-based environmentKnowledge of Eagle PACE or like Data Management ToolKnowledge of Eagle STAR or like Investment Accounting platformExpert user of excel and proficient with SQL/Oracle query toolsMicrostrategy or other reporting tool experience a plusWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Investment Data Operations and Analysis teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits#LI-MM1Salary Range: $128,000.00-$168,000.00At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.Why Join Us.We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.If you need an accommodation to complete the application process, please and share the specifics of the assistance you need.At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our