The Opportunity:
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, Mesirow serves clients through capabilities spanning Global Investment Management, Capital Markets and Investment Banking, and Advisory Services. We are proud that our intentional culture results in strong employee engagement, entrepreneurship and empowerment, with ongoing opportunities for volunteerism and advancement. Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s. At Mesirow, we invest in what matters: our clients, our communities, and our culture.
We are currently seeking a Fixed Income Trade Settlements Associate on our IS&T team with a focus on complex products.
Responsibilities:
- Clear or settle equity, fixed income, and foreign security trades.
- Resolve trade settlement exceptions with counterparty working with front office trading. Manage trade settlement fails.
- Reconcile depository cash activity and positions top day and cumulative next day to the general ledger.
- Train on being fully capable backups for DTC and MBS/TBA trade settlements functions.
- Settle municipal underwritings and uninsured to insured transactions.
- Communicate cash funding requirements to cash management.
- Validate and instruct on cash wires.
- Resolve exceptions for trade fails reporting on DTCC Obligation Warehouse.
- Actively participate in industry and vendor calls to achieve best practices.
- Perform project work to improve on processes through leveraging of technology resources.
Requirements:
- Bachelor’s degree (BA) preferred.
- Minimum of 5+ years in trade settlements, with a strong emphasis on complex fixed income products (e.g., derivatives, structured products, and other non-standard securities).
- Proficiency in Microsoft Excel for handling data analysis and managing settlement-related tasks.
- Strong attention to detail and accuracy in all aspects of trade settlements.
- Ability to work independently, manage time effectively, and take initiative in completing tasks and solving problems, particularly when dealing with complex settlement processes.
- Proficiency in Pershing NetX 360 is preferred, with experience in using the platform for trade settlement and reconciliation tasks.
- Proven experience in providing exceptional customer service, with strong communication skills to address client inquiries, resolve issues, and manage expectations, particularly related to complex product settlements.
- Self-starter with a strong work ethic and the ability to work in a fast-paced environment with high attention to detail.
- Ability to work well independently and also within a team environment.
In accordance with the Illinois’s Pay Transparency Law, the anticipated hiring base salary for the role will be between $75,000 and $100,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a commission and discretionary performance bonus and the Mesirow benefit program.
EOE
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
