Operations Specialist - Trade Settlements (Federal Reserve)
Core
Process and settle security trades (US Government and Federal agency Mortgage-Backed securities) at the Federal Reserve Bank of New York, including TBA processing and reconciliation.
Role type
Operations Specialist (Trade Settlements)
Builds
Trade settlement and clearing operations for custody accounts
Domain
Financial Services / Fixed Income / Trade Operations
Required skills
Trade settlement processing, TBA processing, reconciliation, discrepancy resolution, client communication, time management, multi-tasking, detail-oriented work
Preferred skills
Understanding of firm-wide process impact, efficiency improvement
Technologies
Sonic system, FRB (Bank of NY) systems
Responsibilities
Process deliver and receive orders settling with other brokers/banks; Verify trade information vs. broker presentation; Review and resolve discrepancies in order information (e.g., FRB reclaims); Communicate with internal and external clients to resolve issues; Contribute to management reporting and process improvement activities
Seniority
Individual Contributor, Entry to Mid-level
