Full-Time

Senior Settlements Analyst

Posted on 6/11/2024

Altruist

Altruist

501-1,000 employees

All-in-one investment platform for advisors

Fintech

Senior

Dallas, TX, USA

Required Skills
Communications
Management
Requirements
  • 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
  • FINRA Series 7 and/or 99, or the ability to obtain within 60 days of employment
Responsibilities
  • 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

Altruist provides a comprehensive investment platform tailored for financial advisors, integrating tools for account management, trading, and client reporting. This company streamlines financial operations with advanced features like commission-free fractional share trading and automated rebalancers, reducing inefficiencies and enhancing client services. The focus on high-touch support and continuous improvement in financial technologies makes it an appealing environment for professionals looking to advance in the fintech industry.

Company Stage

Series E

Total Funding

$449.5M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

11%

1 year growth

29%

2 year growth

69%