Settlements Associate Job Description
Settlements associate
provides accounting and reporting of NY Life’s Investment portfolio (fixed income and equities) for the general and separate account.
Settlements Associate Duties & Responsibilities
To write an effective settlements associate job description, begin by listing detailed duties, responsibilities and expectations. We have included settlements associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Managing the Fixed Income Settlement activity for the GEM, Credit and Rates Trading Desks
Interact externally with counterparties, custodian banks, and transfer agents
Ensure internal control and external regulatory compliance policies and their impacts are understood and adhered to, , segregation of duties, money-laundering rules, and exchange deadlines
Daily interaction with clients and/or counterparties
Settlement of FX transactions
Resolving Breaks and Fails
Multi-tasking and prioritizing to meet critical deadlines throughout the day
Seeking out opportunities to improve / converge processes globally
Set strategy and direction for tech and workflow initiatives that will improve settlement accuracy and efficiency
Respond to varied queries from the business and internal clients
Settlements Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Settlements Associate
List any licenses or certifications required by the position: CPA
Education for Settlements Associate
Typically a job would require a certain level of education.
Employers hiring for the settlements associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Economics, Accounting, MBA, Mathematics, Financial Services, Engineering, Management, Business/Administration
Skills for Settlements Associate
Desired skills for settlements associate include:
ADP
DTC as these systems are used extensively
General accounting principles
ICI
Regulatory policies & regulations
Autosys
Brokerage business
COSMIC application particularly CASH and its associated architecture
Cognos
Fixed Income
Desired experience for settlements associate includes:
Handle customer settlements and monitor Trust Bank Operations
Good attention to detail and ability to work efficiently
Experience of non-Yen transfer systems
Derivatives product knowledge is preferred
Successfully handles and prioritizes multiple tasks, takes initiative and leads to improve own and team’s performance, works intensely towards extremely challenging goals and persists in the face of obstacles
Establish and maintain close working relationships with the other Settlement teams around the globe
Settlements Associate Examples
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Settlements Associate Job Description
Job Description Example
Our company is growing rapidly and is hiring for a settlements associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlements associate
- To provide support and information regarding trade queries to the Middle Offices and their trading personnel
- Some asset servicing and cash management functions
- Help set strategy and direction for tech and workflow initiatives that will improve settlement accuracy and efficiency
- Daily Monitoring and managing of cash settlement process for Bulk and/or Bullion Business
- Liaison with precious metal depositories on Bullion deliveries and resolving any discrepancies
- Drafting and preparation of client invoices
- Liaison with Customers on settlement discrepancies and/or any ad-hoc queries
- Building and reviewing structured settlement excel models
- Reconciliation of customer account balances and control reports, providing timely resolution of breaks
- Drive projects enhancements and system build outs relating to the Physical Business
Qualifications for settlements associate
- Proficiency in MS Excel and MS Access, including the design and implementation of macros preferred
- Excellent desktop and analytical skills
- Strong settlement product knowledge (FID, Equity, FX, Commodities)
- Maintain effective working relationships with Front office Trading and Sales, Legal, Compliance, Credit, Technology and other Operational areas in London and globally through daily interaction
- Maintain and review Procedures and controls and ad hoc production of metrics as requested
- Participate in ongoing development of the Global Settlements team procedures & processes required to support our developing business
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Settlements Associate Job Description
Job Description Example
Our growing company is looking for a settlements associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for settlements associate
- Operational support for Crude and Refined Products, both Physical & Financial
- Generating ISDA Confirmations, and other Trading Agreements
- At least 2 years settlement experience
- Be familiar with CCASS / DCASS
- Have knowledge on HK listed warrants & e-submission (Daily Trading Reporting) will be in advantage
- Work very closely with other regions counterparts to carry out the projects / initiative
- Requires the ability to follow general instructions in the completion of multiple procedures
- Portray a high level of knowledge of DTCC and its various functions
- You will focus on the EMEA securities markets, working closely with other Operations groups, managing key day-to-day relationships with our network of agent banks, internal trading desks desk, external brokers and clients with a strong emphasis on risk management and control
- The role will involve mitigating financial and reputational risk for the firm and our clients by ensuring that securities transactions are settled efficiently and on time
Qualifications for settlements associate
- Experience working with Shell Scripts
- Finance Domain experience is an added advantage
- 1-4 years of work experience in Unix, Sql
- Financial Domain knowledge will be a preference
- Working knowledge of ISDA documentation
- Strong problem solving skills with the ability to prioritize tasks while maintaining a high level of accuracy and a low tolerance for error
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Settlements Associate Job Description
Job Description Example
Our company is growing rapidly and is hiring for a settlements associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlements associate
- Understand and implement internal and external regulations
- Assess market changes and present the impacts/recommendations to management
- Review control reports to clear breaks, exceptions and escalate to senior management
- Help identify opportunities to improve settlement accuracy, efficiency and the risk profile
- Prepare to gain a comprehensive understanding of the trade lifecycle and associated cash flows by interacting with trading and sales in addition to middle office, treasury and valuations
- Handle Order & Trade Settlement to Cash (OTSC) activities, which includes invoicing and billing, handling customer credits, performing cash applications, handling collections and dispute management, customer data maintenance and other period end close processing activities
- Build and maintain relationships with BU partners
- Developing relationships with external brokers to drive sales
- Work with External Wholesalers to cultivate sales
- Pricing SS contracts to produce new business
Qualifications for settlements associate
- Experience within Investment Banking Operations
- Strong, confident communication skills with a proactive approach
- Risk Management & Controls knowledge
- The ability to adapt in a progressive, developing environment
- The ability to partner with a variety of diverse groups
- Approaches all situations with positive outlook, solutions orientated and enthusiasm
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Settlements Associate Job Description
Job Description Example
Our company is hiring for a settlements associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for settlements associate
- Marketing SSA and Attorney fee products
- Learning to utilize effective negotiation techniques in resolving problems to enhance brokers’ acceptance of company/product
- Some travel required (attending certain Broker/Industry meetings and select office visits)
- Calculate and reconfigure interest settlements for derivative products
- Confirm incoming and outgoing payments with internal and external parties to ensure proper fund delivery
- Facilitate cash movements on a daily basis
- Proactively monitor and resolve aged settlement breaks
- Perform daily reconciliations of internal systems
- Provide ongoing interaction with other Operations groups
- Coordinating with external clients to ensure timely execution of confirmations and resolve all outstanding queries on documentation
Qualifications for settlements associate
- Investigate and resolve settlement and payment exceptions
- Investigate and resolve post settlement internal and external breaks
- Prepare payment and trade instructions and release to custodian banks
- Escalate/report and mitigate risks associated with the settlement process
- Manage vendor team remotely, oversight their work and give guidance on the escalated items
- Deliver quality service and solutions to their evolving business requirements
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Settlements Associate Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of settlements associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlements associate
- Liaising among trading desks, prime brokers, counter-parties and exchanges to resolve breaks and open reconciling items to ensure timely settlement
- Processing trade corrections and managing pre-settlement confirmation process in DTC, CNS and international markets for all types of listed securities
- Taking responsibility for orderly settlement of high-volume trading accounts, both for firm trading accounts for executions on behalf of firm customers
- Resolving fails with Prime Brokers after settlement date
- Cross-training with other areas within Clearing and Settlements
- Keep up-to-date with regulatory change and participate in industry forums
- Realignment to new CSS Ops Org Structure – Realign functions from other teams within and outside of the Business unit
- Establish New Controls for CSS Ops – Partner with Technology to design, build and operate effective controls in a STP environment
- Provide status reporting to the client, internal teams, and third party vendors
- Review reconciliations and work with the relevant parties to resolve breaks in a timely fashion
Qualifications for settlements associate
- Client service - demonstrated client service focus and ability to build relationships across different levels, functions and regions
- Creativity/Innovation - leads by example to challenge status-quo and looks for new ways to improve current processes and procedures
- Experience - securities product/market knowledge and job experience in operations is preferred
- Cash Settlement systems are responsible for processing and reporting on all Cash transactions, with technical challenges including low latency/high volume data feeds, multi-dimensional aggregation & presentation, strong transaction management for absolute data integrity, and effective fault-tolerance for maximum availability
- Knowledge of mainframe systems (Cobol, Natural Adabas) for integration of legacy systems
- Knowledge of HTML5, AngularJS and CSS