Director, Securities Trade and Reconciliation
Springfield, Massachusetts; Boston, Massachusetts
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Overview
A career with us means you’ll help our customers secure their future and protect the ones they love. It also means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what makes MassMutual a strong, stable, and ethical business.
Our culture embodies the idea that we all are stronger and better through our support for one another. By valuing people for who they are, how they think, and what they bring to the table, we’ve become a better, more innovative company.
We invite you to explore the possibilities.
What our employees say
![Roger Crandall](https://tbcdn.talentbrew.com/company/724/gst-v1_0/img/profiles/roger-crandall-profile.webp)
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
The Opportunity
As the Director, Securities Trade and Reconciliation you will lead a team of associates and be responsible for the daily automated and manual trade processing and data reconciliation. You will play a critical role in understanding the flow of complex trades and the creation and sourcing of security master information required to ensure trades flow accurately through the system. You will be responsible for reconciliations ensuring trades have loaded and processed through the system correctly and provide root cause analysis for problems when they occur. You will act as a point of escalation for complex issues and be empowered to make decisions impacting the team. You will actively focus on coaching the team, providing feedback, and encouraging knowledge transfer opportunities. Additionally, you will lead an effort to expand the team capabilities with offshore partners including training and transition plans. You will have a strong business acumen of investment types and their life cycle and demonstrate interest in continued development. The nature of the work will require perseverance, accountability, and resourcefulness to identify opportunities to improve processes that address the root causes of business challenges.
The Team
The Securities Trade and Reconciliation team is part of the Investment Data Integrity team reporting to the Head of Investment Data Integrity, part of the MassMutual Investment Operations team within the Investment Management division. Trade and Reconciliation analysts are accountable for the ingestion of the securities trade flowing into the investment ecosystem and maintaining security master information including data validation, researching and reconciling critical data elements and trade processing metrics.
The Impact:
Manage multiple and complex functions of the Securities Trade and Reconciliation team, including monitoring and error resolution of automated trade process and manual security master and trade processing from multiple sources
Address issues reported from business partners regarding missing or incomplete trade information
Create and report daily/monthly metrics regarding trade processing, new asset set ups and error tracking
Assist in determining the appropriate processing of complex transactions and projects related to trades
Ownership of trade related critical data element reconciliations and data traps
Provide ongoing training and coaching to team members, encouraging decision making and ownership of issues
Identify, implement and drive continuous improvement and efficiencies
Manage employee development, training and planning
Direct staff in the development and implementation of departmental policies and procedures
Maintain internal control standards, including timely implementation and execution of internal and external audit remediation
The Minimum Qualifications
Bachelor’s degree or equivalent experience is required
7+ years of securities data experience with an understanding of securities life cycle
The Ideal Qualifications
Bachelor’s degree in Finance, Accounting or related area
Knowledge of investment data management from ingestion of source data to end user reporting
Prior experience leading or managing a team
Ability to communicate across all levels of the organization, comfortable interacting with vendors, business partners, external managers and internal Investment teams a
Ability to work across multiple priorities with limited guidance
Ability to independently explore solutions to a problem and adapt quickly to changes
Collaboration skills and the ability to work in a team-based environment
Knowledge of Eagle PACE or like Data Management Tool
Knowledge of Eagle STAR or like Investment Accounting platform
Expert user of excel and proficient with SQL/Oracle query tools
Microstrategy or other reporting tool experience a plus
What to Expect as Part of MassMutual and the Team
Regular meetings with the Investment Data Operations and Analysis team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-MM1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.
Salary Range: $128,000.00-$168,000.00
Hiring Process
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Explore
To get started, explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network to receive information on jobs that may interest you and stay up-to-date with the latest MassMutual news.
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Apply
To apply for a specific position, please click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter which, due to the volume of applications received, may take some time as we carefully consider each application.
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Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
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Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team. Coordinating calendars for interview schedules can take time, so your patience and flexibility is appreciated.
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Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
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Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
Recruitment Fraud Awareness
Job recruiter fraud is a scam by impostors posing as recruiters or representatives of a company promoting fake job opportunities to job seekers.
MassMutual will never ask job candidates to pay any kind of fee, make cash or check advancements, cash checks or make an investment in any product or service or provide information such as credit card numbers or banking PIN numbers as part of our hiring process.
If you are contacted by anyone asking for information outlined above it is likely fraudulent. If you have any concerns about the veracity of a request, please contact us directly to verify its legitimacy.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure—it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
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Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1250 annual wellness wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Full benefits details can be found here.
- In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to take care of yourself or someone you love—whether for physical illness or mental health.
- Medical and dental insurance
- Life, disability short-term and long-term insurance
- Well-being wallet: $1,250 per year for a wide range of qualifying wellness expenses
- Well-being support: Mindfulness, nutrition, fitness
- Personalized mental health solutions
- Adoption and surrogacy reimbursement programs
- Competitive salary and bonuses
- 401(k): Up to 10% total benefit, consisting of a 5% company match and a 5% annual contribution
- Educational assistance program
- Childcare support
- Financial counseling
- Caregiver Leave (up to 320 hours)
- Maternity Leave (a total of 18 weeks, 10 maternity + 8 parental)
- Parental Leave (8 weeks for all parents, birth or adoption, continuous or intermittent)
- Bereavement Leave: Up to 15 days to mourn the loss of a loved one, and you define 'loved one'
- Matching Gift: 100% match on employees’ charitable contributions to non-profits up to $5,000
- Volunteering: Three paid days for employees to volunteer with eligible nonprofits of their choice
- Matching time: MassMutual Foundation awards dollars to organizations for which employees volunteer
- Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars
- Commuter wallet option for employees based at Boston and NYC campuses
Why MassMutual?
Compliance Consultant
Service Management Consultant
Head of Experience Journey Mapping
How we work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
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Where we work
![](https://tbcdn.talentbrew.com/company/724/gst-v1_0/img/illustrations/springfield-office-icon.png)
Springfield Office
1295 State Street,
Springfield, MA
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Boston Office
10 Fan Pier Blvd,
Boston, MA
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New York Office
2 Park Ave,
New York, NY
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Virtual
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Interested in pursuing a career as a financial professional? Learn how you can build your business and help people secure their future and protect the ones they love.