Settlements Operations Specialist

3 days ago


Charlotte, North Carolina, United States Calculated Hire Full time
Settlements Specialist

Job Summary:

Calculated Hire is seeking a highly organized and detail-oriented Settlements Specialist to join our team. As a key member of our operational team, you will be responsible for managing the settlement process for U.S. assets, ensuring timely and accurate processing.

Key Responsibilities:

  • Execute transactions and settle trades of U.S. assets, ensuring compliance with regulatory and internal policies.
  • Maintain and update transaction records and documentation, collaborating with various teams to troubleshoot and resolve settlement issues.
  • Use advanced Excel skills to manage and analyze data related to trade settlements, ensuring compliance with all legal, regulatory, and operational risk controls.
  • Responsible for daily DTC settlement and fail control processing across domestic settlement markets for all DTC-eligible product types.
  • Monitor both internal and external systems related to trade settlements from both trade clearance and operational risk standpoints.
  • Act as a liaison between settlement and various internal and external clients/business partners, maintaining a high level of service.
  • Lead or participate in moderately complex initiatives and deliverables, contributing to large-scale planning related to process, procedures, and efficiencies.
  • Identify and recommend opportunities for process improvement and risk control development, mentoring and assisting analysts as needed.

Requirements:

  • Bachelor's degree in finance, Business Administration, or a related field.
  • Minimum of 1 year of experience in banking, specifically in roles exposed to capital markets and operational processes.
  • Strong organizational skills with the ability to handle multiple tasks simultaneously in a fast-paced environment.
  • Excellent proficiency in Microsoft Excel, including use of formulas, pivot tables, and data visualization tools.
  • Demonstrated understanding of financial markets and transaction lifecycle.
  • Effective communication skills, both written and verbal, with the ability to articulate complex information clearly and succinctly.

Preferred Qualifications:

  • 2+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • Experience with DTC settlements or a similar clearing corporation.
  • Working knowledge of Broadridge systems including GLOSS, Impact, and BPS.
  • BS/BA degree in Finance or related field.
  • Series 7 or Series 99.
  • Strong accounting background with knowledge of reconciliation.
  • 2+ years of experience in the securities industry.
  • Ability to demonstrate effective analytical skills.
  • Detail-oriented with effective organizational skills.
  • Energetic individual that works well under pressure in a team environment with demanding deadlines.
  • Ability to identify areas of improvement and formulate plans to effect positive change within a team environment.
  • Working knowledge of trade settlement including DTCC and FED eligible securities.
  • Working knowledge of Prime Broker operations.
  • Working knowledge of Stock Loan and Repo process.
  • Working knowledge of industry Regulatory/Buy-In standards and deadlines.
  • Proficient in Microsoft Office, especially MS Word, MS Excel, and MS Access.
  • Excellent communication and interpersonal skills.
  • Highly motivated and able to react to change quickly.
  • Able to analyze and interpret data from both statistical and efficiency standpoints.


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