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DTCC

Clears and settles securities trades for financial firms

Clearance & Settlement IC Associate

Business OperationsConfirmed live in the last 24 hours
Full-timeJersey City, NJ, USA

About the Job

Requirements

  • Minimum of 4 years of related experience.
  • A bachelor's degree is preferred, or equivalent experience.
  • Stay current on changes in the specialist area and seek learning opportunities to keep knowledge up to date.
  • Collaborate within and across teams.
  • Communicate openly with team members and others.
  • Resolve disagreements between colleagues effectively while minimizing impact on the wider team.

Responsibilities

  • Execute operational processes by following documented procedures and job aids; suggest process and efficiency improvements; process specialized workflows, resolve exceptions, and assist with complex inquiries.
  • Take ownership of workload and meet deliverables within critical timeframes while managing competing priorities; assist with benchmark tracking, audit follow-up, compliance, and risk-management activities.
  • Apply knowledge of department controls and integrate risk and control processes into day-to-day responsibilities to monitor and mitigate risk, escalating appropriately.
  • Meet the needs and requests of internal and external clients by responding to inquiries timely and accurately and resolving issues promptly.
  • Communicate effectively, engage in meetings, demonstrate curiosity to learn and grow, accept and apply feedback, and present information clearly to small and mid-sized groups.
  • Facilitate training sessions for junior team members as directed by management and oversee the development of training plans to meet staff development targets.
  • Participate in and own small projects and initiatives.
  • Integrate risk and control processes into day-to-day responsibilities to monitor and mitigate risk, escalating appropriately.

Desired Qualifications

  • Foster a culture where honesty and transparency are expected.

About the Company

DTCC

Clears and settles securities trades for financial firms

DTCC provides the systems financial firms use to complete securities trades after buyers and sellers agree a transaction. Broker-dealers, banks and asset managers use its services to match trade details, calculate obligations, move securities and report transactions. Its NSCC and FICC subsidiaries clear equity and fixed-income trades, while DTC holds securities and handles settlement and payments such as dividends. By offsetting obligations between firms, its clearing services reduce the securities and cash that must change hands, and its repositories maintain derivatives transaction records for regulatory reporting. The parent was established in 1999 and is headquartered in Jersey City, New Jersey.

Company size
5,001-10,000
Company stage
Not listed
Total funding
Not listed
Headquarters
Jersey City, NJ
Founded
1999

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