Operations Associate, Settlements

This is an excellent opportunity for an experienced operations professional who has demonstrated the ability to function independently, work in teams, assume leadership roles, innovate, project manage, and who is looking to thrive in a fast-paced and dynamic environment. 

This role will be part of the US Settlements team and will be responsible for managing all operation components of DTC/FED Settlements, Tri-party Repo, and/or Securities Lending, as well as driving regulatory, process and technology improvements.  We are looking for a self-starter who naturally looks for improvement opportunities, while demonstrating his/her intellectual curiosity, trustworthiness, and high ethical standards.  This person will add value by working on a number of simultaneous tasks and projects with exemplary follow-through and attention to detail.

Responsibilities

• Work with counterparties and depositories to instruct, monitor, and settle buys/sells and repo trades for equities (DTC), government bonds (FED), mortgage backed securities, and physicals- Work with counterparties and depositories to instruct, monitor, and settle borrow, loan, and buy-in events through DTC and Loanet

• Manage daily contract maintenance events, including mark-to-market, contract compare, rate changes, and recalls

• Agree to and settle daily repo margin exposure  with counterparties

• Manage internal and external intra-day cash flows to support settlements

• Reconcile internal accounts to external settlement depositories

• Create and distribute various broker dealer regulatory reports such as Possession or Control, Short Interest, Customer Statements, and Fails

• Collaborate with IT to identify and implement improvement opportunities that drive straight-through processing