Sr Settlements Associate (Hybrid - Newark, NJ)

Broadridge•Newark, NJ

3d•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 involves developing, implementing, and evaluating processes that support business goals, cost requirements, productivity, and planned return on investment. The associate uses relevant software, applications, and online resources to support processing, system maintenance, and service needs, and completes related operational and administrative work. Established procedures and contract requirements must be followed, 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 (EOD) 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 (ROI).
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.