Associate, Trading Operations, Settlements

MarketAxess•New York, NY

2d•$80,000 - $100,000•Hybrid

About The Position

MarketAxess is on a journey to digitally transform one of the world’s largest financial markets, enabling the shift from analog, phone-based trading to a fully electronic marketplace. Our platform makes trading fixed-income more accessible, ultimately improving transparency, efficiency, and competition in the marketplace. Changing the way an established industry transacts is no easy feat. There will be twists and turns, because no one’s ever done this before. But now, more than 2,000 clients around the world rely on our solutions, and that number is only expected to grow in the years ahead. We know where we’re going. How we get there is up to us. Join us and help Take Us There. As a Trading Operations Associate, you’ll build your career in Financial Services through hands-on exposure to the full trade lifecycle, including both settlements and corporate actions. This role provides practical experience within the settlements ecosystem, helping you develop a strong operational foundation and expand your knowledge as you grow your career in the industry.

Requirements

4+ years of direct settlements experience within a broker-dealer, bank, custodian, or asset manager
Knowledge of DTC (Deliver Orders, DVP/DVP, P&I, Partials, settlement controls), Euroclear (international settlement flows, cross-border securities, cash movements), Federal Reserve systems (Fedwire Securities and Fedwire Funds)
Experience with fixed income products (corporates, governments, agencies, munis)
High attention to detail with strong ownership and accountability
Ability to prioritize in a time-sensitive, deadline-driven environment
Strong communication skills for interacting with traders, custodians, and external counterparties
Good multitasking and analytical skills with the availability to prioritize processes and responsibilities
Excellent written and oral communication skills
Ability to incorporate AI into daily workflows; passion for ethical adoption of AI practices

Nice To Haves

Experience in using Shadow Financial, Neolink, BMO OLBB and Alert is preferred.
Series 99/ SIE preferred (required to obtain within the first six months of employment)

Responsibilities

Act as a subject-matter expert, partnering closely with Trading, Middle Office, Custodians, and external counterparties to ensure a high settlement success rate and minimal aged fails.
Manage the full trade settlement lifecycle for U.S. and international securities, ensuring accurate and timely settlement through DTC, Euroclear, and Fed settlement systems
Exhibit general knowledge of both domestic and foreign Buy-in rules and regulations
Execute and monitor DVP/RVP, free of payment, and cash movements across central securities depositories and payment systems
Investigate, resolve, and escalate settlement exceptions, fails, and breaks, including principal, cash, and custody discrepancies
Proactively manage aged fails, coordinating with counterparties, custodians, and internal stakeholders to drive resolution and reduce settlement risk
Perform daily reconciliation of securities and cash positions with custodians, clearing agents, and internal ledger/control accounts
Partner with Trading, Middle Office, Client Services, and Treasury on settlement-related issues, trade corrections, and funding requirements
Contribute to operational risk reduction initiatives by identifying process gaps, documenting procedures, and recommending automation or control enhancements
Assist with regulatory, audit, and compliance inquiries by providing settlement data, controls evidence, and process documentation

Benefits

Hybrid Environment: Our employees enjoy a mix of working in the office and from home
Free Food: We provide free lunch for employees when they are working in the office. Plus, our offices are stocked with snacks.
Paid Time Off: Competitive PTO package including vacation and personal days, sick leave and charity days
Generous Parental Leave: Up to 20 weeks fully paid leave
401(k): Dollar-for-dollar employer match up to $17,500
Employee Stock Purchase Plan: Employees can purchase MarketAxess common stock at a discount
Wellness Stipend: We provide employees with up to $1K annually towards gym memberships, home office equipment and more
Onsite Healthcare: We offer convenient access to world-class care through Mount Sinai at our Hudson Yards location
Tuition Assistance and Professional Development: Benefit from live and on-demand learning, role-specific training, employee-led Lunch and Learns and guest speakers
Core benefits: Highly competitive medical, dental, and vision programs