Associate, Fixed Income Operations

Nearwater Capital•New York, NY

4d•Onsite

About The Position

This role sits within Operations supporting Nearwater's Risk Retention business, one of the firm's three business lines alongside Liquid Markets and Capital Markets, and is directly responsible for the accurate and timely settlement of security purchases and sales, repo transactions, invoicing, and other reporting requirements. It requires close coordination with our third-party custodian bank, counterparties, and trading teams, and also provides back-up support to the settlement process for the Risk Retention business.

Requirements

Bachelor's degree or equivalent background and experience
2–5+ years of direct experience in a financial services organization performing fixed income operations and settlements including trade lifecycle and industry technology.
Operational Expertise: demonstrate considerable understanding of key operational functions such as Settlements, Trade Lifecycle Management, Reconciliations, Trade Support and Corporate Actions within Global Markets
Excellent organizational skills and superior problem-solving capabilities
Strong verbal and written communication skills
A team player who is detail oriented, with the ability to operate independently, multi-task and prioritize appropriately

Nice To Haves

Familiar with Enfusion a plus
Experience with DTC, Euroclear, and Fedwire settlements
Advanced Excel and experience with data-analysis or automation tools (e.g., Python, SQL, VBA, Power BI) to improve reporting accuracy and efficiency.

Responsibilities

Communicate with securities custodians to affect purchases of securities, wires, and other related settlement and administrative activities
Monitor all trade settlements and coordinate with the custodian and counterparties to address any settlement issues
Confirm security settlements and cash flows with the custodian bank and counterparties
Keep management appraised of current settlement status and escalate issues as needed
Coordinate with the accounting team to ensure all required information is available to book transactions
Ensure invoices are sent to clients on a timely basis
Work with service providers to ensure regulatory reporting requirements are met
Monitor bank accounts for incoming payments and follow up with counterparties on missing or late payments
Provide the trading desk with end-of-day positions
Support special projects as needed