Associate, Fixed Income Ops

Jefferies • Jersey City, NJ

4d • $70,000 - $90,000 • Onsite

About The Position

The Associate, US Fixed Income Ops would be primarily responsible for:
Assisting to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes
Assisting to manage the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories
Day-to-day responsibilities include:
Developing, implementing, and testing enhancements to ensure straight-through processing of outright and report transactions
Researching and reconciling breaks, fails, open items, unencumbered securities, etc
Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
Architecting and managing trade and security flows to respective systems/depots for settlement
Re-aligning securities between depots
Creating and repairing processes to lower operational risk to the firm
Experience in the following is a plus:
Fed Clearance
DTC Clearance
Broadridge Systems (Impact, BPS, Gloss)
Desirable Qualifications:
Strong knowledge of all Fixed Income clearance/settlement concepts and experience in DTC, Fed, and Euroclear
Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
Proven track record of managing operational risk, processes, projects, and staff
Strong knowledge of Broadridge GPS products (BPS, CAGE, Impact, Gloss)
Proven track record of successfully managing the allocation of collateral into triparty shells and running a funding operation
Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
Strong attention to detail
Strong written and verbal communication skills
Strong Excel skills (Pivot Tables, VLOOKUP, analysis of large data sets)
Proven self-starter with ability to think quickly under pressure

Nice To Haves

• Strong knowledge of all Fixed Income clearance/settlement concepts and experience in DTC, Fed, and Euroclear
• Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
• Proven track record of managing operational risk, processes, projects, and staff
• Strong knowledge of Broadridge GPS products (BPS, CAGE, Impact, Gloss)
• Proven track record of successfully managing the allocation of collateral into triparty shells and running a funding operation
• Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
• Strong attention to detail
• Strong written and verbal communication skills
• Strong Excel skills (Pivot Tables, VLOOKUP, analysis of large data sets)
• Proven self-starter with ability to think quickly under pressure
• Fed Clearance
• DTC Clearance
• Broadridge Systems (Impact, BPS, Gloss)

Responsibilities

• Assisting to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes
• Assisting to manage the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories
• Developing, implementing, and testing enhancements to ensure straight-through processing of outright and report transactions
• Researching and reconciling breaks, fails, open items, unencumbered securities, etc
• Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
• Architecting and managing trade and security flows to respective systems/depots for settlement
• Re-aligning securities between depots
• Creating and repairing processes to lower operational risk to the firm

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays
• paid parental leave
• annual discretionary incentive and retention bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed