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About TSR:

TSR is a relationship-based, customer-focused IT and technical services staffing company.

For over 40 years TSR, Inc. and its wholly owned subsidiary, TSR Consulting Services, have prospered in the Information Technology staffing business, earning the respect of companies both large and small with well refined candidate screening, timely placement, and a real understanding of the right skill sets required by our clients.

Mission & Vision

We do not believe in building a vision around the company but building a company around our vision, which is simply;

Every employee’s voice matters, their effort is appreciated, and their talent is rewarded.

We challenge each employee daily, to raise the bar on how we treat our consultants and candidates. For far too long in this industry, candidates have been ghosted, lied to, or placed at a client and then forgotten about. Each day our staff works tirelessly at qualifying and placing, top talent with our clients, in a compassionate and caring manner.

Not every candidate is a match for the job, but every candidate and consultant will be treated with respect and professionalism.

Stock Loan Operations Associate

Job Description

  • Location: Jersey City, NJ
  • Type: Contract
  • Job #72301

Our client, a leading financial services company is hiring for a Stock Loan Operations Associate on a long term contract basis.

Work Location:

Jersey City, NJ (Hybrid Option)

Summary:

The Stock Loan Operations Associate is responsible for supporting the Securities Lending Desk’s business activities and managing operational and regulatory risks. The Associate provides processing services in support of Firm lending of excess inventory, Firm borrowing to fulfill delivery commitments, and lending of client securities under a fully paid program. The Associate coordinates the delivery of services with the Securities Lending Desk, partner Operations teams, counterparties, external service providers, and Stock Loan Operations team members.

Responsibilities:
– Daily assessment and close out of CNS fails in compliance with Rule 204
– Daily assessment of 15c3-3 Seg Deficit securities requiring recall of open stock loans
– Daily processing of stock loan and stock borrow transactions such as mark to market, recalls, returns, reorg updates, end of day balancing, contract compare, and billing
– Daily review of pending transactions to ensure accurate completion and to identify, report, and resolve operational and regulatory risk
– Collaboration with the Securities Lending Desk, partner Operations teams, counterparties as well as external service providers to ensure activities are completed within agreed service levels and regulatory prescribed time frames
– Process improvement and Cross training

Skills Required:

– Experience in Stock Loan Operations roles (3-5 years)
– Experience using DTCC/CNS Settlement and Stock Loan functionality
– Experience using Loanet functionality
– Experienced Excel User
– Familiarity with brokerage firm Stock Record
– Bachelor’s degree
– Strong organizational skills and an attention to detail
– Strong verbal and written communications skills

Role is Hybrid and will require in office attendance 3 days/week.

This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.

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