Operations Associate, Settlements

A financial services firm in New York City is currently seeking a new Operations Associate for a promising opportunity with their growing Settlements team. In this role, the Operations Associate will be responsible for managing all operation components of DTCFED Settlements, Tri-party Repo, andor Securities Lending, as well as driving regulatory, process and technology improvements. Responsibilities: The Operations Associate will: Instruct, monitor, and settle buyssells and repo trades for equities (DTC), government bonds (FED), mortgage backed securities, and physicals Work with counterparties and depositories to instruct, monitor, and settle borrow, loan, and buy-in events through DTC and Loanet Manage daily contract maintenance events, including mark-to-market, contract compare, rate changes, and recalls Agree to and settle daily repo margin exposure with counterparties Manage internal and external intra-day cash flows to support settlements Reconcile internal accounts to external settlement depositories Create and distribute various broker dealer regulatory reports such as Possession or Control, Short Interest, Customer Statements, and Fails Collaborate with IT to identify and implement improvement opportunities that drive straight-through processing Perform other duties, as needed Qualifications: 1+ years of experience a Back Office (Clearing, Settlements, etc.), Financial, andor Operations environment Bachelor's Degree Familiar with Financial Markets and instruments, specifically Equities and Fixed Income products Prior experiences in DTCFED Settlements, Tri-party Repo, andor Securities Lending Knowledge of basic Accounting principles and procedures Solid understanding and experience driving straight-through processing (STP) Microsoft Excel proficient (Formulas, V-lookups, Pivot Tables) and Data Analysis Project Management skills Solid analytical and problem solving skills Great interpersonal skills Excellent communication skills (written and verbal) Strong attention to detail highly organized

Created: 2025-03-01