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Fifth Third Bank

Job Description

DIVISION: Central Operations

JOB CODE: N6108

DATE: November 2018

FLSA STATUS: Non-exempt

TITLE: Brokerage Cashiering Associate I

GENERAL FUNCTION:

This role is responsible for facilitating and executing the operational activities relating to the Wealth and Asset Management / Fifth Third Securities, Inc. line of business.  This position requires an operational professional working within a high risk environment that follows established guidelines and procedures and also proactively identifies and resolves problems for both our FTS sales field and our end clients.

Responsible for daily implementation of various types of Cashiering processes while ensuring efficient and accurate processing.  Professionally communicates status updates and rejections to the FTS sales field and management. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Associate is accountable for always doing the right thing for customers and colleagues all while ensuring that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES:

* Responsible for moving money into and out of FTS brokerage accounts via electronic funds transfer systems.

* Serves as a control point by ensuring all required documents are present and accurate while verifying that all required approvals are properly obtained.

* Responsible for the timely and accurate processing of retirement distributions.

* Responsible for the establishment and maintenance for all Periodic Investment Plans and Systematic Withdrawal Plans.

* Responsible for physical check and stock certificate deposits for the Broker/Dealer.

* Ensure the Electronic Check Blotter is accurate and updated and that the firm remains compliant with FINRA deadlines regarding the custody of client funds.

* Follow up on NIGO items daily.

* Responsible for all 529 and 401(k) plan processing.

* Process all requests within defined service level agreements.

* Interacts daily with field sales force to resolve disconnects and/or verify input data.

* Communicates with field and internal operations personnel regarding submission of paperwork and status of requests and money movements.

* Responsible for the investigation and repair of disconnects/fails on all systematic plans.

* Communicates any missing paperwork/requirements necessary to book positions into accounts.

* Coordinate with other Cashiering functions to ensure thorough processing of daily work.

* Daily record keeping requirements according to industry rules and standards.

* Must maintain a current knowledge of IRS rules and regulations pertaining to retirement accounts.

* May assist in training new Cashiering members.

* Provide reports and statistics to management.

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

* College Degree preferred.

* FINRA Series 7 and 63 or 66 preferred.

* Extreme attention to detail, maintaining the highest quality.

* Previous securities processing and/or accounting experience preferred.

* Ability to work in stressful environment and meet deadlines.

* Ability to maintain confidentiality.

* Multi-tasking ability.

* Strong oral and written communication skills.

* Good organizational skills, with the ability to handle multiple demands and competing priorities.

* Ability to work well in a team environment.

* Familiarity with Windows XP and Microsoft Office Products, including working knowledge of

Excel, as well as DOS based Mainframe System Applications.

#LI-GM02

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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.