Associate, Settlements
About The Position
Ensure timely execution of day-to-day settlement activities, investigation of settlement-related issues such as unrecognized/unmatched trades and payment disputes, and fail management. This role involves daily affirmation of fails and a focus on clearing them as soon as possible. The Associate will work with Treasury and Cash Operations teams to settle margin requirements by deadline and fulfill Triparty shells at the end of each night, ensuring they are properly collateralized until they roll off. Proactive management and timely escalation of emerging risks/issues are crucial. The role also includes preparation of metrics and other reports as required, proactive mitigation of risk by reviewing and strengthening procedures, and identifying opportunities for process enhancement. Partnering with the New York Securities Operations team to ensure an environment of tight controls, regulatory compliance, and continuous product and process education is also a key aspect. Assistance with projects/initiatives related to enhancing current processes and controls, including planning and implementation, will be required.
Requirements
- Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
- Strong organizational skills
- High level customer service mindset with a commitment to supporting key stakeholders
- Ability to work under pressure and deliver results within tight timelines
- Ability to identify and assess problems, determine the root cause and propose recommendations and/or solutions
- Ability to utilize independent judgement and decision making
- Ability to multitask and deliver high quality results in a fast-paced environment
- 5+ years of experience in Financial Services
- 2+ years of experience working in Security Settlements
- Comfort with FED, DTC, and/or Euroclear Settlement Platforms
- BA/BS preferably in Accounting, Finance or Economics
- Proficiency in Microsoft Office applications
Nice To Haves
- Proficiency in Bloomberg TOMS, ALERT, FICC, Euroclear, Broadridge IMPACT
Responsibilities
- Ensure timely execution of day-to-day settlement activities
- Investigation of settlement-related issues such as unrecognized/unmatched trades and payment disputes
- Fail Management – daily affirmation of fails and focus on clearing them ASAP
- Work with Treasury and Cash Operations teams to settle margin requirements by deadline
- Fulfill Triparty shells at end of each night and ensure they are properly collateralized until they roll off
- Proactive management and timely escalation of emerging risks/issues
- Preparation of metrics and other reports as required
- Proactive mitigation of risk by reviewing and strengthening procedures and identifying opportunities for process enhancement
- Partner with the New York Securities Operations team to ensure an environment of tight controls, regulatory compliance and continuous product and process education
- Assistance with projects/initiatives related to enhancing current processes and controls, including planning and implementation
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
