Securities Settlement Specialist
Core
Oversee and reconcile the timely settlement of securities trades, identify discrepancies, and resolve exceptions to ensure accurate financial operations.
Role type
Securities Settlement Specialist
Builds
Accurate settlement of Federal Reserve eligible securities trades and compliance with regulatory capital requirements
Domain
Financial Services / Securities Operations
Required skills
Trade reconciliation, regulatory compliance (Reg-T, Rule 15c3-3), data analysis, risk monitoring, margin management, workflow analysis
Preferred skills
Knowledge of DTC and Bank of New York Fed platforms, Microsoft Office (Excel, Visio), complex problem solving
Technologies
DTC, Bank of New York Fed platforms, Microsoft Office
Responsibilities
Perform clearance functions for Federal Reserve eligible securities trades at the Bank of New York, Resolve settlement exceptions by communicating with Trading Departments and counterparty Broker/Dealers, Monitor Institutional customer Reg-T & Rule 15c3-3 requirements and file extensions, Monitor liquidity needs for daily settlement activity, Monitor various clearing fund obligations to maintain margin requirements, Utilize data analysis to monitor process efficiency and identify data integrity exceptions
Seniority
Associate, hands-on IC
