The Cage Clerk/Manager job includes the physical handing of securities, as well as ensuring that the settlement of all securities trades are carried out on the value date. It occurs in the one secured area where the physical certificates for bonds, money market instruments and/or stocks are handled. Depending on the financial firm, there may be separate stock, bond and money market cages. There may be a separate section for deliveries and another for receipts. Depending on the size of the firm, all of the following functions may be performed by securities cage personnel or there may be separate cage personnel or separate sections within the secured area, each dealing with their own responsibilities. Accuracy and an eye for detail are key characteristics of this job.
Bond/Stock Deliveries Clerk, Receipts Clerk, the Bond/Stock Cage Clerk, the Vault Clerk
Avg Salaries from Canadian job sites
Below are the courses and credentials required and/or recommended for this career.