Settlements Expert

5 days ago


Chicago, Illinois, United States Calculated Hire Full time
Settlement Analyst Job Description

We are seeking a highly skilled Settlement Analyst to join our team at Calculated Hire. As a Settlement Analyst, you will play a critical role in ensuring the timely and accurate settlement of TBA trades.

Key Responsibilities:
  • Oversee the settlement process for TBA trades, ensuring all trades are settled accurately and on time.
  • Conduct daily reconciliation of trade positions, identifying and resolving discrepancies promptly.
  • Liaise with trading desks, counterparties, clearinghouses, and custodians to resolve settlement issues and discrepancies.
  • Maintain accurate records of all settlement activities and ensure proper documentation is in place for audit and compliance purposes.
  • Monitor and mitigate settlement risks by ensuring all processes comply with regulatory and internal policies.
  • Identify inefficiencies in the settlement process and work with relevant teams to implement improvements.
  • Generate and distribute daily, weekly, and monthly settlement reports to stakeholders.
Requirements:
  • Bachelor's degree in Finance, Business, Economics, or a related field.
  • Minimum of 2-4 years of experience in trade settlements, preferably with a focus on TBA or fixed-income securities.
  • Strong understanding of TBA markets, mortgage-backed securities (MBS), and related settlement procedures.
  • Proficiency in settlement systems and trading platforms.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Attention to detail and a high level of accuracy.
Preferred Qualifications:
  • Professional certifications such as CFA, CPA, or relevant industry certifications.
  • Experience with ICI, Broadridge, Impact.
  • Knowledge of regulatory requirements related to trade settlements and experience in process improvement initiatives.

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