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GOCS Underwriting Specialist

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Business Unit: GOCS
Department:  Underwriting
Job Family: Global Operations, Client Services & Administration
Job Title: GOCS Underwriting Specialist
Corporate Title: Senior Analyst
FLSA Code (US Only): Non- Exempt
 

Business Unit Description:


The Underwriting Department (“Underwriting”), serves the financial industry by making securities eligible for depository services.  Through DTC’s new issue underwriting service, participants have the ability to distribute new and secondary offerings quickly and economically by electronic book-entry delivery and settlement.  DTC makes a wide range of security types eligible for its services in accordance with its Rules. These securities are then available for the full range of depository services.

 

Position Summary:


The GOCS Underwriting Specialist executes routine and complex transactions with general supervision referring the most complex and risk related transactions to management.  Interacts with customers to assess problems and gather information that must be escalated. Have an understanding of the operational procedures and systems, but will be expected to undergo training to keep up the pace of operational changes and to develop appropriate levels of subject matter expertise.

 

Specific Responsibilities:

  • Assess and prioritize the daily assigned workload to ensure accurate and timely completion of work.
  • Review and process new issue eligibility requests for all sub issue types supported by Underwriting.
  • Effectively interact with participants, paying agents, transfer agents, and any other external clients of DTC.
  • Ensures strict adherence to procedures and critical time frames in order to meet accuracy and timeliness benchmarks.
  • Perform a data validation of new issue items made eligible.
  • Perform any additional procedures (functions) for which the Underwriting department is responsible (e.g. Closing Desk, Packaging, etc.)
  • Review, process and validate Corporate Action, Limited Eligibility and Older Issue requests.
  • Identify processing inefficiencies and risks within the department, and provide recommendations to address such items.
  • Provide input and guidance to other Specialists in relation to problem resolution and procedures. Maintain an unrelenting focus on meeting the needs/requests of our clients; including responding to client inquiries timely and accurately (in line with departmental benchmarks/metrics), and in resolving, and/or escalating problems promptly.

Leadership Competencies for this level include:

  • Accountability: Demonstrates reliability by taking necessary actions to continuously meet required deadlines and goals.
  • Global Collaboration: Applies global perspective when working within a team by being aware of own style and ensuring all relevant parties are involved in key team tasks and decisions.
  • Communication: Articulates information clearly and presents information effectively and confidently when working with others.
  • Influencing: Convinces others by making a strong case, bringing others along to their viewpoint; maintains strong, trusting relationships while at the same time is comfortable challenging ideas.
  • Innovation and Creativity: Thinks boldly and out of the box, generates new ideas and processes, and confidently pursues challenges as new avenues of opportunity.
  • Customer Focus: Maintain an unrelenting focus on meeting the needs/requests of our clients; including responding to client inquiries timely and accurately (in line with departmental benchmarks/metrics), and in resolving, and/or escalating problems promptly

Qualifications:

  • Minimum of 3 years of related experience
  • Bachelor's degree preferred

About DTCC:

 

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities and data centers around the world, DTCC automates, centralizes, and standardizes the processing of financial transactions across the trade lifecycle and mitigates risk for thousands of institutions worldwide.


At DTCC we value on our clients' interests and partner to deliver superior results with excellence and innovation and lead with integrity. We proactively develop your potential and invest in your career.

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