A financial services firm in New York City is currently seeking a newOperations Associate for a promising opportunity with their growing Settlements team.In this role, theOperations Associatewill 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. Responsibilities: The Operations Associate will:
- 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 exposurewith 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
- Perform other duties, as needed
Qualifications:
- 1+ years of experiencea Back Office (Clearing, Settlements, etc.), Financial, and/or Operations environment
- Bachelor's Degree
- Familiar with Financial Markets and instruments, specifically Equities and Fixed Income products
- Prior experiences in DTC/FED Settlements, Tri-party Repo, and/or Securities Lending
- Knowledge of basic Accounting principles and procedures
- Solid understanding and experience driving straight-through processing (STP)
- Microsoft Excel proficient (Formulas, V-lookups, Pivot Tables) and Data Analysis
- Project Management skills
- Solid analytical and problem solving skills
- Great interpersonal skills
- Excellent communication skills (written and verbal)
- Strong attention to detail
- highly organized