Institutional Support Representative II

Institutional Support Representative II

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This role covers a broad area of responsibilities within Institutional Brokerage Operations, supporting Capital Markets Fixed Income, Equity, Fifth Third Money Market Navigator Sales & Trading departments. Under minimal supervision, assist Fifth Third Securities Institutional Brokerage teams, Middle Office, Fixed Income Traders, Equity Traders, and sophisticated clients with all operational aspects of their business; including customer on-boarding, trading, settlement, maintenance, cashiering processes, report monitoring, and projects as required.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Position not available for immigration sponsorship.

Essential Duties and Responsibilities :

• Serves as front line support between management and other lines of business, including but not limited to Middle Office, Compliance, IT, Trading, Accounting; Fifth Third Securities' Broker Dealer, National Financial Services / Pershing, and other third-party vendors.
• Adheres to all pertinent securities laws and regulations as well as established policies and procedures in an ever-changing regulatory environment.
• Works directly with the line of business, NFS and client custodians to meet contractual DVP / RVP settlement obligations and resolve outstanding trade concerns within regulatory requirements per Regulation T, 15c3, 15C6-1 and 15C6-2 of the Securities Exchange Act of 1934 and any other relevant rules.
• Monitors and assists line of business with ensuring timely allocation and affirmation of issues ID confirmations.
• Oversees and administers all operational functions within the Fifth Third Money Market Navigator platform.
• Accurately codes new brokerage account client relationship profiles for books and record keeping purposes.
• Performs client CIP checks per AML policy and Beneficial Ownership rules and accurately inputs documentation into both Bank (ACE) and NFS / Pershing systems.
• Handles all account maintenance, including acting as an intermediary for prime brokerage account coding and requesting the applicable forms.
• Processes, reviews, and monitors high dollar asset and money movements entered by or enters on behalf of the line of business to ensure accurate and timely completion along with following up with custodian through the point of release.
• Manages the collateral process for institutional brokerage ensuring paperwork is properly coded on file and obtaining / archiving proper release approval prior to release of funds.
• Establishes, maintains, and audits firm and individual representative brokerage entitlements for institutional and commercial.
• Accurately enters trade orders for fixed income, stocks, and mutual funds through the NFS / Pershing platforms on an as needed basis.
• Processes institutional brokerage trade corrections for equity trades entered through Wealthscape or NetX360.
• Produces daily reports and monitors account activities for potential concerns related to trade settlement, margin, potential risk exposure, and clearing firm discrepancies for commercial brokerage.
• Assists in compliance-related issues pertaining to fixed income products, as well as internal / external audits.
• Provides training and guidance to junior level staff.
• Perform other duties as assigned.

Supervisory Responsibilities : None

Minimum Knowledge & Skills Required :

Location Cincinnati, Ohio 45227

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.