Private Banking Operations Analyst

Private Banking Operations AnalystPay Rate: $24/hr w2 No BenefitsContractBaltimore, MD (Apply Local)- Hybrid: 3 days in office requiredQualifications:• Bachelor’s degree; business, finance or economics degree preferred:Work experience in the banking/finance industry can be leveraged in lieu of a bachelor’s degree.• Experience in securities-based lending preferred• Intermediate working knowledge of Outlook, Word, and Excel• Proven proficiency in problem resolution• Excellent organizational / time management skills to succeed in a high-pressure / fast paced environment• Professional oral and written communication skills• Superior attention to detail• Strong research / analytical, and math skills• Able to prioritize and multi-taskBackground on the TeamPrivate Banking Operations provides brokerage, investment, and financial services to hundreds of thousands of individual investors. We apply our expertise in serving clients to create new opportunities for people to achieve their personal financial goals. Brokerage has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance, and annuities.The HNW Collateral Monitoring Operations group is responsible for the identification and mitigation of Bank risk related to multiple securities-based lending products and works with various internal and external groups to ensure proper controls and reporting, including adherence to Bank Credit Policy and regulations related to the product type.Primary Responsibilities:- Coordinate and approve the release of excess collateral and dividend payments.- In case of short fall, verify values in loan monitoring systems against loan officer’s original underwriting- Notify branch and coordinate solutions with the financial advisors for any over limit situations.- Provide necessary information for auditors during federal, state, and internal exams- Identify existing and potential regulatory risk, and work with other areas to minimize or eliminate the risk- Handle escalated issues from branches, the Sales Desk, or other areas of the firm- Work with other areas of the firm, and IT to improve existing processes