DTC Settlements Associate

We are seeking a highly skilled and motivated Settlements Operations Professional to lead and oversee the daily functions of DTC Settlements and Vault Operations. This role is responsible for ensuring seamless execution of settlement activities, maintaining compliance with regulatory standards, and driving operational excellence through process optimization and team leadership.

The ideal candidate will demonstrate strong supervisory capabilities, in-depth knowledge of DTC settlement processes, and the ability to foster productive client relationships. Key responsibilities include day-to-day operational performance, overseeing staff development, ensuring adherence to supervisory and procedural standards, and identifying opportunities for efficiency and automation.

Responsibilities:

• Provide outsourced operational/transactional business process support for clients, ensuring quality service and operational performance within the parameters of both the client needs and contract
• Responsible for DTC Security Settlement functions and related processes such as Vault processing, pair-offs, spo charges, RAD management, fail reporting, regulatory obligations such as FINRA extensions, break resolution, DK reporting, New issue processing, EOD Balancing, ETF settlements, Obligation warehouse, Buy-ins, Free deliveries and receives for a U.S. team with responsibilities governing our global off-shore resources.
• Work with supervisors, team leads, and associates in the DTC / Vault Settlements area.
• Identify automation opportunities and make recommendations to implement technical solutions in an efficient manner.
• Accountable for daily operational functions. Address daily operational escalations from clients as a result of system or human error and resolve them in a timely manner. Also communicate the issue, solution, and plan of action for future avoidance in a timely manner to both the internal and external parties.
• Mitigate Financial risk and market exposure for clients by proactively addressing unsettled trades with high Mark to Market (MTM) exposure and by monitoring ledger-to-bank reconciliation reports.
• Develop and maintain Standard Operating Procedures (SOP) for training purposes, for reference during critical issues and for seamless operations.

Qualifications:

• 3 years of experience with a bachelor's degree/equivalent experience
• You should have experience within DTC Settlements
• Vault experience is preferred
• Series 99 preferred
• A driven individual who is looking for self and process improvement
• A willing learner who is open to new ideas and concepts
• Ability to meet and deliver positive work on strict deadlines
• Ability to strengthen bonds and communicate effectively and clearly with both colleagues and clients
• Self-motivated individual who wants to push themselves towards excellence

Compensation Range: The salary range for this position is between $90,000 - $110,000. Our Client considers various factors when evaluating a candidate's final salary including, but not limited to, relevant experience, skills, and education.

Bonus Eligibility: Bonus Eligible