This position is required to support the Agency Pool/MBS P&I processing/allocation business, analyzing open balances, incoming claims and principal and income allocation for all firm, customer, fail, repo and borrow positions. It is absolutely essential to ensure accurate and timely processing (payment and collection) of Principle &Interest distributions on a daily basis.
Tracking P&I and Redemptions of securities collections and remittance
Monitor MBS P&I receivable and payable balances, aged item analysis, and resolution of all reconciling items; Calculates, monitors P&I Paydown Amortized value, Sinking funds and Interest earned on various Fixed Income securities
Coordinate reconciliation of daily principal breaks due to incorrect or missing factor information on all ABS, CMO,CDO, CLO, MBS, RMBS securities
Monitor all principal and interest claims, TMPGFails Charge, ensuring the appropriate priority of aged items to reduce risk.
Manage month end close relating to P&I activity
Liaise with Custodian, Middle offices, Business Unit Control and Trading Desk to ensure appropriate treatment of P&I.
Coordinate with various departments and external contacts to resolve discrepancies. This includes Product Control,
Reg. Finance, Middle office, Repo Desk, Treasury, Funds Control, Clearance, clearing bank, and external counterparts.
Ensure documentation for all new and enhanced processes and manage their subsequent implementation.
Identify key issues/concerns, determine alternatives, and implement final resolution based on coordination with management.
Assist in internal and external audits for P&I department.
Establish external relationships and participate in industry initiatives
Ability to perform under pressure in a team environment with a high motivation/energy level, managing multiple tasks to established deadlines but with the ability to manage adhoc requests or competing deadlines as needed
Bachelor’s degree required
The candidate must possess strong quantitative skills with the ability to drive results.
The candidate must possess excellent communication, presentation, and people skills.
Ability to work with Excel, Visio, PowerPoint, DTC settlements, Euroclear, Bloomberg, Transcends statements, Stock
"It is the policy of The Royal Bank of Scotland, PLC to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws."
Employer immigration sponsorship not available for this role.”
RBS - 7 months ago