Sr Settlements Associate (Hybrid - Newark, NJ)

Broadridge • Newark, NJ

4d • Hybrid

About The Position

Broadridge is seeking a DTC Settlements professional to provide operational and transactional support for clients. The role helps ensure high-quality service and operational performance within client and contract requirements. It supports efficient, high-volume processing, monitors productivity and delivery, and contributes to business goals and cost requirements.

The position also develops, implements, and evaluates processes that support business goals, cost requirements, productivity, and planned return on investment. It uses relevant software, applications, and online resources to support processing, system maintenance, and service needs, and performs related operational and administrative work. The role follows established procedures and contract requirements while applying appropriate discretion to address issues and improve efficiency.

Requirements

• Four to five years of DTC settlements experience.
• Bachelor’s degree or equivalent experience.
• Experience or training that has developed specialized skills in settlements or related operational processes.
• Ability to meet strict deadlines and deliver accurate, high-quality work.
• Strong organizational and communication skills, including the ability to work effectively with colleagues and clients.
• Self-motivated, responsible, and reliable, with a commitment to personal and process improvement.
• Open to learning new ideas and concepts, and willing to support colleagues with less experience.

Nice To Haves

• Familiarity with BPS, IMPACT, DTC Settlements Web, DTCC Portal: Smart Track, Clearing Dashboard, and Obligation Warehouse.

Responsibilities

• Manage RAD activity and DKs.
• Process free receives and resolve DVP/RVP differences.
• Process SPOs and pair-offs as required, following M/O direction and coordinating with counterparties.
• Complete end-of-day balancing and funding.
• Process buy-ins and manage fails, including fail control and reporting.
• Prepare FINRA extension filings and Reg SHO 204 reporting.
• Complete Obligation Warehouse activities, including recaps.
• Reconcile stock and cash breaks.
• Process new issues, focusing on settlement processing and fails management.
• Process ETF settlements.
• Process Deposits and Withdrawals at Custodian (DWAC) for buybacks and conversions.
• Develop, implement, and evaluate processes that support business goals, cost requirements, productivity, and planned return on investment.
• Use relevant software, applications, and online resources to support processing, system maintenance, and service needs.
• Complete related operational and administrative work, which may include data entry, order or application processing, document verification, accounting support, and preparing mailings.
• Follow established procedures and contract requirements, applying appropriate discretion to address issues and improve efficiency.

Benefits

• Bonus eligible.
• Comprehensive benefit offerings are referenced; specific benefits are not listed.
• Colorado employees receive paid sick leave in compliance with the Colorado Healthy Families and Workplaces Act and other legally required benefits, as applicable.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior