Prime broker vs customs import specialist

Differences between prime broker and customs import specialist 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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Customs import specialist example responsibilities.

• Manage, maintain and review CIP, CDD and EDD documentation of current and propose clients.
• Process and coordinate documents electronically to CBP for entry of goods for different U.S and foreign importers.
• Ensure compliance with U.S. import/export policies, procedures and regulations for proper classification, free-trade agreements, documentation and recordkeeping.
• Open orders and perform maintenance on the order entry menu utilizing macros with the site legacy system AS400.
• Obtain line releases for frequent shippers of low-risk commodities, high-volume entries, or multiple-container loads.
• Classify commodities in preparation for customs.
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