Manager, Brokerage Operations

Fidelity Investments•Jersey City, NJ

1d•$66,000 - $125,000•Onsite

About The Position

The Operations Repo Specialist is responsible for the seamless execution, settlement, and lifecycle management of repurchase agreement (Repo) transactions used for collateral reinvestment. This role acts as the operational backbone for the Agency Lending desk, ensuring that all cash and securities movements are reconciled, risk-controlled, and compliant with client mandates.

Requirements

3–5 years in Securities Finance Operations, Repo Middle/Back Office, or Collateral Management.
Hands-on experience with settlement systems such as Global One, Pirum, Loanet, or Swift.
Solid understanding of the mechanics of Repo/Reverse Repo, U.S. Treasury/Agency market, and the Securities Lending lifecycle.
Ability to quickly diagnose and fix settlement fails under tight market deadlines.
Comfortable working across desks, including Trading, Treasury, and Credit Risk.

Responsibilities

Oversee the daily settlement of bilateral and tri-party Repo trades, ensuring timely delivery of collateral and cash via Fedwire and external vendors.
Monitor daily collateral valuations and manage margin calls.
Ensure all pledged assets meet specific client eligibility criteria.
Perform daily cash and position reconciliations.
Investigate and resolve trade discrepancies (fails) to mitigate TMPG charges and financial exposure.
Monitor and resolve bond settlement fails and maintain records for counterparty charges.
Oversee repo settlement, reconcile custody records for interest/coupon activity, and ensure compliance with KYC/AML protocols.