Prime broker vs clearing house clerk

Differences between prime broker and clearing house clerk duties and responsibilities

Prime broker example responsibilities.

• Execute give-up transactions and manage bank risk through hedging tools - including swaps, futures, and options.
• Manage all office relate matters to include accounting, international traffic and logistics.
• Monitor settlement of fix income and equity income securities resulting from corporate activity.
• Experience with all DTC applications, i.e.
• Reduce margin buy-in on trades for greater capital efficiency.
• Monitor receipt of variation margin by working with the back office.
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Clearing house clerk example responsibilities.

• Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
• Screen all applicants to ensure prospective tenants meet the requirements of HUD.
• Operate CPCS program with 10-key data entry to maintain accuracy of account information.
• Utilize strong technical skills to fix problems with CPCS system used to do balancing and dispatch cut offs.
• Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
• Balance all transactions make via mail, phone or in person at the end of each day using PeopleSoft.
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