Associate, Settlements

Role Description

• Ensure timely execution of day-to-day settlement activities
• Investigation of settlement-related issues such as unrecognized/unmatched trades and payment disputes
• Fail Management – daily affirmation of fails and focus on clearing them ASAP
• Work with Treasury and Cash Operations teams to settle margin requirements by deadline
• Fulfill Triparty shells at end of each night and ensure they are properly collateralized until they roll off
• Proactive management and timely escalation of emerging risks/issues
• Preparation of metrics and other reports as required
• Proactive mitigation of risk by reviewing and strengthening procedures and identifying opportunities for process enhancement
• Partner with the New York Securities Operations team to ensure an environment of tight controls, regulatory compliance and continuous product and process education
• Assistance with projects/initiatives related to enhancing current processes and controls, including planning and implementation

Qualifications and Skills

Core Competencies/Skills:

• Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
• Strong organizational skills
• High level customer service mindset with a commitment to supporting key stakeholders
• Ability to work under pressure and deliver results within tight timelines
• Ability to identify and assess problems, determine the root cause and propose recommendations and/or solutions
• Ability to utilize independent judgement and decision making
• Ability to multitask and deliver high quality results in a fast-paced environment

Qualifications:

• 5+ years of experience in Financial Services
• 2+ years of experience working in Security Settlements
• Comfort with FED, DTC, and/or Euroclear Settlement Platforms
• BA/BS preferably in Accounting, Finance or Economics
• (Strong Preference) Proficiency in Bloomberg TOMS, ALERT, FICC, Euroclear,  Broadridge IMPACT
• Proficiency in Microsoft Office applications