Job Title:
Associate, US Fixed Income Ops
Position Description:
The Associate, US Fixed Income Ops would be primarily responsible for:
- Assisting to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes
- Assisting to manage the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories
Day-to-day responsibilities include:
- Developing, implementing, and testing enhancements to ensure straight-through processing of outright and report transactions
- Researching and reconciling breaks, fails, open items, unencumbered securities, etc
- Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
- Architecting and managing trade and security flows to respective systems/depots for settlement
- Re-aligning securities between depots
- Creating and repairing processes to lower operational risk to the firm
Experience in the following is a plus:
- Fed Clearance
- DTC Clearance
- Broadridge Systems (Impact, BPS, Gloss)
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)
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
Primary Location: Jersey City Full Time Salary Range of $70,000-$90,000
