Senior Associate
7 days ago
Job Title: Senior Associate (DTCC SETTLEMENTS)
Location- Iselin NJ (Onsite)
Contract Type: W2 only
Responsibilities
- Must know the processing of all eligible securities through the DTCC processing system.
- Candidate must have thorough knowledge of the PTS (participant terminal service) system and all related functionalities.
- Should be aware of Settle securities transactions by processing deliver orders (DOs)
- Should know about Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs)
- Pledge securities to pledgees for collateral through the collateral loan system
- Pledge securities to the Options Clearing Corporation (OCC) to meet OCC margin requirements
- Protect customer fully-paid-for positions and manage firm positions using segregation and memo segregation procedures
- Call and confirm all pending and unmatched trades to ensure timely settlement.
- Reconciliation of securities positions and cash movements between DTCC & Phase3.
Qualifications we seek in you
Minimum Qualifications
- Graduate or postgraduate in Technology with Computers or Information Technology (IT) stream
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