FICC Clearing Associate
About The Position
Hudson River Trading (HRT) is seeking an experienced FICC Clearing Associate to join our Securities Financing & Clearing team in New York City. This role will support the clearance and settlement of fixed income products, with a primary focus on U.S. Treasuries cleared via the Fixed Income Clearing Corporation (FICC). In this role, you will ensure timely and accurate trade processing, resolve exceptions, and help enhance our clearing infrastructure as our business expands. The ideal candidate will have a keen interest in fixed income, trading systems, and technology, and will be an enthusiastic contributor eager to learn and make an immediate, tangible impact on our fixed income business.
Requirements
- 3+ years of relevant experience in fixed income operations, preferably in U.S. Treasuries clearance and settlement
- Strong understanding of U.S. Treasury market, FICC processes, margin, and settlement cycles
- Experience working with clearing systems, trade matching platforms, and custodians
- Proven ability to manage trade exceptions and settlement breaks
- Strong analytical, problem-solving, and communication skills
- Meticulously detail-oriented, with the ability to work independently in a fast-paced environment
Nice To Haves
- Equity and/or F&O clearing experience is a plus
- Familiarity with regulatory requirements impacting fixed income clearing (e.g., SEC, FINRA, DTCC rules) is a plus
Responsibilities
- Manage end-to-end trade clearance and settlement of U.S. Treasury transactions cleared through the FICC
- Monitor trade flows and ensure accurate trade capture, reporting, allocation, and matching
- Identify, investigate, and resolve breaks, fails, and settlement discrepancies in a timely manner
- Liaise with counterparties, custodians, and the FICC to ensure smooth trade settlement
- Partner with internal teams (e.g., trading desk, middle office/operations, compliance, and risk) to optimize clearing workflows
- Support regulatory and industry reporting requirements related to fixed income clearance and settlement
- Manage intraday and end of day funding of custodial account and oversee intraday credit usage
- Contribute to the development of policies, procedures, and controls to strengthen operational risk management
- Provide subject matter expertise on FICC rules, margining, and settlement processes
Benefits
- discretionary performance-based bonuses
- competitive benefits package
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
