Compensation Overview

About the position

We are seeking an experienced Senior Settlements Operations Analyst to help position us for future growth and success. The successful candidate will play a critical role in managing and maintaining accurate and comprehensive data related to financial instruments, ensuring the integrity and efficiency of our trading and back-office operations.

What you’ll do

• Provide clearing back office support to investment advisors and their clients 
• Support escalations to resolution and provide feedback to management and product partners for continuous improvement 
• Reviews daily trade reports generated from the back-office clearing platform FIS/Phase 3 as well as external communications from counterparties, rectifying breaks and issues identified. 
• Utilize the FIS/Phase 3 system to process trade comparisons and corrections.
• Conduct comparisons of fixed-income trades in FICC CMU and report fixed income transactions in FINRA TRACE and MSRB RTRS Web.
• Identify, investigate, and resolve trade, cash, and position reconciliation issues to ensure accurate transaction recording in appropriate systems and facilitate successful settlement. 
• Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Obligation Warehouse, and RECAPS. 
• Review fail exposure & accurately report to senior regulatory management teams 
• Reconcile daily possession and control issues 
• Participate in the creation and maintenance of a centralized security information database, including ticker symbols, ISIN codes, CUSIP numbers, and other relevant identifiers.
• Ensure data accuracy, consistency, and completeness across various systems and databases.
• Collaborate with other teams to address and rectify any data-related problems promptly.
• Collaborate with IT teams to implement and enhance systems that support security master functions.
• Stay abreast of technological advancements and assess their applicability to improve data management processes.
• Maintain documentation of processes and procedures.
• Other duties as assigned

What you’ll bring

• 3+ years of experience working within back office operations, specifically in trade clearance and settlements for a self-clearing broker-dealer
• Expert knowledge with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC suite applications
• Settlement, buy-in, fail control, and/or seg experience
• Exceptional communication skills with the ability to easily convey complex matters in an easy-to-understand manner
• Ability to build a team. Strong coaching skills
• Strong self-starter with ability to work independently
• Strong communication and analytical skills
• Comfortable working with large and complex data sets
• Ability to effectively prioritize and adapt to changing environment
• Able to multi-task and work under pressure
• FINRA Series 7 and/or 99, or the ability to obtain within 60 days of employment 

Nice to have

• Back Office System Knowledge FIS PHASE 3
• Bloomberg 
• SQL and Advanced Excel knowledge