Fixed Income Operations Director

2 days ago


Jersey City, New Jersey, United States LevelUP HCS Full time
Job Title: Fixed Income Operations VP

About the Role:

The VP, US Fixed Income Ops will be responsible for leading efforts to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes. This includes managing the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories.

Key Responsibilities:
  • Develop and implement enhancements to ensure straight-through processing of outright and report transactions
  • Research and reconcile breaks, fails, open items, unencumbered securities, etc.
  • Liaise with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
  • Architect and manage trade and security flows to respective systems/depots for settlement
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)
Requirements:
  • 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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