DTCC Settlement Specialist

As the founding entity of RAINBOW PARTNERS, Quanteam is a consulting firm specializing in the fields of Banking, Finance, and Financial Services. Guided by our core values of closeness, teamwork, diversity, and excellence, our team of 1,000 expert consultants, representing 35 different nationalities, collaborates across 10 international offices: Paris, Lyon, New York, Montreal, London, Brussels, Geneva, Lisbon, Porto and Casablanca.Salary range : $65,000-$95,000Overview:We are seeking a highly skilled Settlements Specialist with hands-on experience in DTCC systems and processes. The candidate will join the Domestic Settlements Team, contributing to the smooth execution of settlement functions. This role requires 3 days per week in the office in Woodbridge (NJ) and offers the flexibility to work 2 days from home once training is complete.Responsibilities:Settlements ManagementProcess securities transactions through the DTCC (Depository Trust & Clearing Corporation) portal, with specific focus on Corporate Bonds, Equities, and some UST Fixed Income products.Trade ProcessingExecute cash trade processing (buys/sells) and repo transactions through DTCC, including monitoring and processing pair-offs and cancellations.Claims ProcessingManage TMPG claims efficiently and accurately.Collateral ManagementPledge securities as collateral to lenders and meet OCC (Options Clearing Corporation) margin requirements.Customer ProtectionImplement segregation and memo segregation procedures for fully-paid-for and firm positions.ReconciliationPerform reconciliation of security positions and cash movements between DTCC and internal systems such as FIS Phase3Required Expertise:Proficient in DTCC Portal and its various settlement functionalities.Experience with TMPG claims processingFamiliarity with Corporate Bonds, Equities, and UST Fixed Income products.Knowledge of trade processing, pair-offs, and wire payments.Strong understanding of PTS (Participant Terminal Service) system.Prior experience with Phase3 system is a plus.Engage with Middle Office and Front Office teams to handle high-volume processing and ensure adherence to deadlines.Communicate regularly with counterparts to confirm and settle unmatched trades on time.

Created: 2025-01-07