New York Life Investments, a division of New York Life Insurance Company, is one of the world's largest global asset managers. With more than $500 billion in assets under management, the Investments Group manages premiums paid by the company's six million policyholders, and a global asset management business. New York Life Investments offers a full suite of guaranteed products and annuities, as well as institutional and retail asset management products. It also oversees ten independent investment management boutiques responsible for managing the company's third party assets. NYL Investors LLC, an integrated asset management enterprise with over $200 billion under management is currently seeking s Securities Operations Associate to perform functions related to securities settlement and mortgage backed allocations.
Confirm trade details and provide allocations to the counterparties electronically via OASYS
Communicate trades electronically via SWIFT messaging to custodians
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.
College degree (1 to 3 years experience in the Financial industry)
Knowledge of Fixed Income Mortgage Backed Settlements
Knowledge of OASYS
Strong systems skills; advanced skills in Excel is a plus
Good oral and written communication skills
Excellent interpersonal, teamwork and client service skills
General Profile :
Performs routine assignments in the entry level to a professional job progression
Typically requires a college or university degree or the equivalent work experience that provides fundamental knowledge and exposure to fundamental principles and concepts
Develops competence by performing structured work assignments
Uses existing procedures to solve routine or standard problems
Receives instruction, guidance and direction from others
Functional Knowledge : Develops general knowledge of NYL businesses
Problem Solving : Uses existing procedures and education and/or equivalent experience to solve standard problems; analyzes information and standard practices to make judgments
Decision Making/ Nature of Impact : Has limited decision-making authority; works within standardized procedures and practices to achieve objectives and meet deadlines
Communication Requirements : Exchanges straightforward information, asks questions and checks for understanding
We offer a competitive compensation package, a flexible benefits program, 401 (k) with Company match, a tuition assistance program, an on-site fitness center, subsidized cafeteria and many other attractive benefits.
We are proud to be an equal opportunity employer. M/F/D/V
NYL Investors LLC is a wholly owned subsidiary of New York Life Insurance Company.
EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811. * Based on revenue as reported by "Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 15, 2015. See http://fortune.com/fortune500/2015/ for methodology. 1. Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments. 2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.