Posted: 04-Nov-24
Location: Austin, Texas
Type: Full Time
Salary: 6,000.00 - 7,084.00 (Monthly)
Preferred Education:
Additional Information:
Internal Number: 00046133
TTSTC - Settlement Services Specialist (00046133)
Organization
: TREASURY SAFEKEEPING TRUST COMPANY
Primary Location
: Texas-Austin
Work Locations
:
Thomas J Rusk Building
200 East 10th Street
Austin 78701
Job
: Business and Financial Operations
Employee Status
: Regular
Schedule
: Full-time Standard Hours Per Week: 40.00
Travel
: Yes, 5 % of the Time
State Job Code: 1020
Salary Admin Plan: B
Grade: 22
Salary (Pay Basis)
: 6,000.00 - 7,084.00 (Monthly)
Number of Openings
: 1
Overtime Status
: Exempt
Job Posting
: Oct 29, 2024, 1:12:26 PM
Closing Date
: Ongoing
Description
Applications must be filed at
https://capps.taleo.net/careersection/ex/jobdetail.ftl?job=00046133
Please note that this job posting can be closed without notice and earlier than the closing date indicated in the posting if a suitable candidate is found. We encourage applicants to submit and complete the application promptly.
Are you ready to grow, make a positive impact? If you are seeking to gain knowledge, build your career, and network among goal-oriented professionals, this is the place for you!
Innovation, collaboration, and a commitment to excellence best describes the culture here at the Comptroller’s Office. We take pride in the work we do serving as Texas' accountant, tax collector, treasurer, and much more! The Comptroller’s office serves virtually every citizen in the state. As Texas’ chief tax collector, accountant, revenue estimator, treasurer and purchasing manager, the agency is responsible for writing the checks and keeping the books for the multi-billion-dollar business of state government.
Our agency workforce is as diverse as the people of Texas we serve. We value our employees and take very seriously our collective commitment to public service. 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.
Click here to see an inside look at the Texas Comptroller’s office!
About TTSTC
The Texas Treasury Safekeeping Trust Company (TTSTC) is a special-purpose entity that manages, safeguards, and invests public funds and securities belonging to the state of Texas, its agencies and local political subdivisions of the state. TTSTC’s special-purpose entity status provides the Comptroller’s office direct access to specialized investment services and programs enabling the Comptroller to achieve the highest return at the lowest cost to the state.
General description
Join the Texas Treasury Safekeeping Trust Company as a Settlement Services Specialist! 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. The candidate must have the ability to learn new concepts quickly and apply knowledge appropriately in a highly active environment with ever-changing circumstances.
Work Hours
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.
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.
https://hr.sao.texas.gov/CompensationSystem/JobDescriptions
Click on the occupational category for the position.
Additional MOS can be found at the State Auditor’s Office,
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.
Applications submitted through Work in Texas:
Work In Texas (WIT) applicants must complete supplemental questions to be considered for the position. To complete the supplemental questions please go to CAPPS Recruit to register or login and access your profile.
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.