Job Description



As an AVP, DTC Settlements, you will play a crucial role in ensuring accurate and timely trade settlements. Your expertise will be instrumental in resolving trade adjustments, managing collateral, and maintaining strong communication with relevant parties. This position is ideal for a finance professional with a passion for driving operational excellence.




Responsibilities

• Process and confirm trades, ensuring accurate settlement and compliance with regulations.


• Promptly resolve trade adjustments and address any settlement issues that may arise.


• Support treasury and collateral management, including GSCC margin call reviews and collateralization processes.


• Communicate account activity and updates to internal teams and external clients, maintaining clear and concise records.


• Balance and reconcile cash positions daily, ensuring accuracy and integrity of financial data.


• Process tri-party transactions efficiently, managing collateral and maintaining strong relationships with counterparties.


• Receive and deliver US securities, maintaining accurate records and ensuring timely settlement.


• Adjust repurchase positions by managing bucket adjustments and optimizing collateral usage.


• Collaborate closely with the Middle Office to identify and address any discrepancies or exceptions.


• Stay updated on industry trends, regulations, and best practices to enhance settlement processes and mitigate risks.

• Bachelor's degree in Finance, Business, Economics, or a related field is required.


• A minimum of 10 years of experience in a financial firm, with a strong background in fixed income is preferred.


• Excellent Microsoft Office skills, particularly advanced Excel proficiency, are essential.


• Strong analytical skills and the ability to exercise sound business judgment in decision-making.


• Self-motivated and intellectually curious, with a problem-solving mindset and a willingness to learn.


• Effective communication skills, both verbal and written, to collaborate with internal teams and external clients.


• Ability to work independently and thrive in a collaborative team environment.


• Comfortable in a fast-paced, dynamic work setting, with a track record of managing multiple priorities.


• Eagerness to adapt to new challenges and a commitment to continuous professional development.


• An MBA or graduate degree in a relevant field is highly advantageous.