The Custody Department at Bessemer Trust is seeking a Custody Associate for the Settlements Team. The ideal applicant has experience in financial services, custody operations and US and Non-US settlements and a desire to work in a highly collaborative team environment.

Company Information and Culture:

Privately owned and independent, Bessemer Trust is a multifamily office that has served individuals and families of substantial wealth for more than 115 years. Through comprehensive investment management, wealth planning, and family office services, we help clients achieve peace of mind for generations. We have over $100B in assets under supervision and our more than 1,100 employees serve clients from our 21 offices across the United States.

What makes Bessemer unique? We are a small firm with a strong culture and a collaborative work environment designed to enable you to do your best work and be your authentic self. Our people are at the heart of what we do and we provide resources to support their physical, emotional, and financial wellbeing. We offer a hybrid work environment, industry-leading benefits including free medical, dental and vision coverage for employees, and a generous profit-sharing plan to support your retirement.

This position will require experience with the following security processes:

• Product knowledge of equities, fixed income, foreign exchange, mutual funds, options, futures, and swaps
• DTC and FED settlements
• Non-US Settlements across various global markets

Additional responsibilities:

• Troubleshoot, diagnose, and address issues by working with custodians, brokers and counterparties to resolve
• Research and Resolve Settlements breaks / issues
• Ability to work with global custodians
• Able to organize and compile statistics associated with trade settlement volumes and metrics
• Partner with team members on strategic initiatives within the Settlements team
• Cross train on a variety of functions within the Settlements team including margin calculation, proxy and class actions
• Comply with all regulatory requirements
• Expected to be familiar with Bessemer written policies & procedures manual which are provided to new hires

Familiar with the following functions:

• Corporate Actions/Income Processing
• Reconciliations
• Trust Accounting
• Class Actions and Proxy
• Margin

Qualifications:

• 1-3 years of experience in financial services, ideally with US and Global Settlements
• Bachelor’s degree, with a focus in business, finance and economics preferred
• Experience working on FIS Global Plus system is a plus
• Proficiency with Microsoft Office Suite: Word, Excel, Outlook, PowerPoint
• Excellent oral and written communication skills
• Organized, detail oriented and able to multi-task

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.