Trade Settlements Specialist

Duties & 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
• MBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changes
• Provide support to other team members and assist with ad hoc projects as needed
• Validate and reconcile MSRB, TRACE, and CAT regulatory trade reporting
• Support Equity Corporate Buyback settlement
• Work with audit or risk colleagues to provide information and test internal controls

Qualifications

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