Sr Settlements Associate (Hybrid - Newark, NJ)
Core
Provide operational and transactional support for clients in DTC settlements, ensuring high-quality service and efficient high-volume processing.
Role type
Senior Settlements Associate (DTC)
Builds
Settlement processing, fail management, and regulatory reporting for clients
Domain
Financial Services / Securities Settlements
Required skills
DTC settlements experience, RAD activity management, DVP/RVP difference resolution, SPO processing, EOD balancing and funding, buy-in processing, fail control and reporting, FINRA extension filings, Reg SHO 204 reporting, Obligation Warehouse activities, stock and cash reconciliation, ETF settlement processing, DWAC processing
Preferred skills
BPS, IMPACT, DTC Settlements Web, DTCC Portal: Smart Track, Clearing Dashboard, Obligation Warehouse familiarity
Technologies
BPS, IMPACT, DTC Settlements Web, DTCC Portal: Smart Track, Clearing Dashboard, Obligation Warehouse
Responsibilities
Manage RAD activity and DKs; Process free receives and resolve DVP/RVP differences; Process SPOs and pair-offs; Complete end-of-day balancing and funding; Process buy-ins and manage fails; Prepare FINRA extension filings and Reg SHO 204 reporting; Complete Obligation Warehouse activities; Reconcile stock and cash breaks; Process new issues and ETF settlements; Process Deposits and Withdrawals at Custodian (DWAC); Develop and evaluate processes to support business goals and cost requirements.
Seniority
Senior, 4-5 years experience