Fixed Income Operations VP

2 months ago


Jersey City, United States LevelUP HCS Full time

The VP, US Fixed Income Ops would be primarily responsible for:

  • Leading efforts to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes
  • Managing the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories

Day-to-day responsibilities include:

  • Developing, implementing, and testing enhancements to ensure straight-through processing of outright and report transactions
  • Researching and reconciling breaks, fails, open items, unencumbered securities, etc
  • Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
  • Architecting and managing trade and security flows to respective systems/depots for settlement

Experience in the following is a plus:

  • MBS Allocations
  • Warehouse Lending/Gestation Repo Ops
  • TMPG and Claims

Desirable Qualifications:

  • Strong knowledge of all Fixed Income clearance/settlement concepts and experience in DTC, Fed, and Euroclear
  • Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
  • Proven track record of managing operational risk, processes, projects, and staff
  • Strong knowledge of Broadridge GPS products (BPS, CAGE, Impact, Gloss)
  • Proven track record of successfully managing the allocation of collateral into triparty shells and running a funding operation
  • Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)


Strong attention to detail

  • Strong written and verbal communication skills
  • Strong Excel skills (Pivot Tables, VLOOKUP, analysis of large data sets)
  • Proven self-starter with ability to think quickly under pressure



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