Senior Securities Settlement Specialist
3 weeks ago
The Michael Page group is a global recruitment agency with a presence in multiple locations. As a Senior Securities Settlement Specialist, you will be working closely with our team to ensure the timely and accurate settlement of securities transactions.
Estimated salary: $70,000 - $90,000 per annum
Job Description:- We are seeking a highly skilled individual to join our team as a Senior Securities Settlement Specialist. In this role, you will be responsible for coordinating the transfer of securities between buyers and sellers, ensuring timely transfer of securities between parties on the trade date or settlement date.
- You will also be responsible for reconciling trade details, comparing and verifying trade data between brokers, custodians, and other counter-parties to ensure accuracy.
- An additional responsibility will be to resolve discrepancies, investigating and addressing any mismatches or errors in trade details, involving communication with relevant parties to resolve issues.
- Maintaining compliance with regulations will also be a key aspect of the role, ensuring all transactions comply with regulatory standards, internal policies, and market rules.
- Liaising with internal and external stakeholders will also be an important part of the job, communicating with traders, brokers, custodians, and other financial institutions to ensure smooth settlement processes.
- Perform daily reconciliation and reporting, reviewing settlement status and providing daily reports on pending, settled, or failed transactions.
- Manage failed trades, investigating and resolving failed transactions, coordinating with all involved parties to correct issues.
- Process corporate actions, handling and processing any corporate actions related to securities being settled.
- A minimum of 3-5 years of relevant experience in securities settlement or a related field.
- Working knowledge of DTC systems.
- FIS Phase 3 knowledge would be an asset.
- A Bachelor's degree in a relevant field is preferred.
- Ability to work in a team environment.
- Strong communication skills.
- The opportunity to work with a global financial institution.
- A competitive compensation package, including estimated annual salary $70,000 - $90,000.
- A hybrid working model, allowing for a balance between remote and office work.
- Health benefits, including medical, dental, and vision coverage.
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