Trade Settlement Analyst

Huntington Bancshares Inc•Columbus, OH

37d•Onsite

About The Position

The Huntington Securities, Inc. (HSI) Trade Settlement Analyst is responsible for ensuring the accurate, timely allocation and settlement of securities transactions across multiple asset classes and markets. This role involves close coordination with internal teams, custodians, clearing firms, and external counterparties to resolve trade discrepancies, manage risk, and maintain compliance with regulatory requirements.

Requirements

Bachelor's Degree
An additional 5 years' experience in product area may be considered in lieu of Bachelor's degree
2 or more Years experience in trade operations, settlements, or allocations
FINRA Series 7

Nice To Haves

Collaborate with team members to ensure accurate and timely securities trade and settlement processing
Resolve operational or trading issues by coordinating with other departments and external parties
Complete in-depth investigations for all trade exceptions, both internally and with a clearing firm, to create timely resolutions
Experience working with mortgage products, including TBA and Pools
Monitor life cycle of MBS Securities
Oversee successful settlement of DTCC, FICC and Fedwire trades
Manage daily margin activity and collateral exchange
Experience with regulatory trade reporting
Knowledge of securities regulations, compliance, and industry standards.
Ability to manage multiple priorities in a fast-paced environment; adaptive to change
Ability to create and foster strong partnerships with business partners and work well in a team environment
Detail oriented with strong organizational skills
Bloomberg/TOMS experience
Strong understanding of securities markets and trade settlement processes
Analytical, problem-solving, and communication skills

Responsibilities

Monitor trade affirmations to comply with T+1 regulations
Ensure timely and accurate settlement of trades, while mitigating operational risk
Process and reconcile daily trade settlements in a timely and accurate manner
Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary
Conduct thorough research and analysis to identify and resolve any discrepancies in trade settlements
Collaborate with various internal teams to ensure smooth settlement processes
Develop and maintain strong relationships with external clients and counterparties to facilitate efficient settlement processes
Utilize a strong understanding of financial markets to identify and mitigate potential operational risks
Stay up to date on industry regulations and compliance requirements related to trade settlements
Create and maintain detailed documentation of settlement processes and procedures
Communicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlements
Provide support to other team members and assist with ad hoc projects as needed
Validate and reconcile MSRB, TRACE, and CAT regulatory trade reporting
Performs other duties as assigned