Fed Clearance Specialist

2 weeks ago


Jersey City, United States LevelUP HCS Full time

Position Description:

The AVP in Fixed Income Ops would be primarily responsible for:

  • Ensuring clearance and settlement of Fed cash and repo securities at Jefferies LLC.
  • Managing an outsourced teams that are responsible for the clearance and settlement of repos and Fed securities (Government Ops), respectively

Additional responsibilities include:

  • Researching and reconciling breaks, fails, open items, etc
  • Architecting and managing trade flows to respective systems/depots for settlement
  • Re-aligning securities between depots as necessary
  • Working with MBS Allocations, MBS Settlements, Gestation Repo, and TMPG Operations teams to ensure settlement
  • Working with Repo/Securities Finance teams to ensure settlement
  • Creating and repairing processes to lower operational risk to the firm

Desirable Qualifications:

  • Strong knowledge of all Fixed Income clearance/settlement concepts and experience with settling trades and managing NFE/DOD at the Fed
  • 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
  • Strong knowledge of Broadridge GPS products (BPS, CAGE/Global Framework, and Impact)
  • Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
  • Strong attention to detail
  • Strong written and verbal communication skills
  • Strong Excel skills (Pivot Tables, VLOOKUP, etc)
  • Proven self-starter with ability to think quickly under pressure



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