Settlement & Reconciliation Specialist I

Join a team that values your ambition and empowers your growth At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you. Key Responsibilities: Trade Lifecycle Management Process and book daily trades for all fixed income securities processed by the team. Ensure accurate and timely trade notifications to custodians, brokers, and internal systems. Monitor, match, and affirm DTC (The Depository Trust Company) confirms. Communication & Coordination Serve as the primary contact for high-volume inquiries from brokers, custodians, and internal teams. Collaborate with traders, operations teams, and counterparties to prevent and resolve settlement issues. Serve as the primary backup for both fixed income and equity settlements, providing coverage for either function during colleague absences. Reconciliation & Data Accuracy Perform daily and monthly reconciliations to confirm internal records match custodian and counterparty data. Identify, investigate, and resolve breaks with a strong focus on root-cause prevention. Exception & Fail Management Research and resolve complex settlement issues, including trade fails, discrepancies, and unmatched confirmations. Proactively follow up with counterparties on missing or incorrect documentation. Systems & Data Maintenance Maintain and update standard settlement instructions (SSIs) for broker banks within internal systems and custodians on ALERT. Specialized Account Handling Conduct manual reconciliations for accounts requiring physical or paper-based documentation. Required Qualifications: Technical Skills Proficiency with Excel; strong typing speed and data-entry accuracy. Ability to learn and navigate trade processing and reconciliation systems. Operational Skills Strong deadline management and ability to meet strict market settlement windows. High attention to detail and commitment to minimizing operational risk. Soft Skills Excellent problem-solving abilities and comfort working in a fast-paced environment. Strong organizational skills with the ability to manage multiple tasks simultaneously. Communication Skills Clear and professional written and verbal communication with brokers, banks, and internal stakeholders. Confidence in asking questions, escalating issues, and collaborating across teams. Preferred Qualifications: Experience in trade operations, settlements, or reconciliation. Exposure to fixed income products (corporates, municipals, treasuries, mortgage-backed securities). Familiarity with DTC, ALERT and custodial platforms. Experience in an RIA, asset manager, or broker-dealer environment. This position description is intended to provide a general overview of the expectations and responsibilities of this position and may not include all tasks that may be assigned. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned with or without notice. Pay Information This position is non-exempt and is paid according to the laws of the State of Illinois. The pay range for this position is $25.00 - $31.00 USD per hour. We are required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. Physical Requirements This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible. This position may require the ability to lift up to 15 pounds. This position is required to work onsite 4 days per week. U.S. Eligibility Requirements Must be 18 years of age or older. Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization. Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9. Must be willing to execute Corient’s Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure. What You Can Expect from Us Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through: 401(k) Plan with Employer Matching Four Medical Plan options that is generously subsidized by Corient Employer paid Dental, Vision & Life and AD&D Insurance Employer paid Short-term & Long-term Disability Paid Maternity & Parental Leave Flexible Spending Accounts & Health Savings Accounts Dependent Care FSA Commuter & Transit FSA Corporate Discount Program - Perkspot Training Reimbursement Paid Professional Designations Giving back to the community - Volunteer days Corient is one of the fastest-growing wealth management platforms in the United States. We have over 40 offices located across the country that serve more than 15,000 clients and manage over $220 billion in client assets. We combine a boutique’s personal service, creativity and objective advice with the extensive resources and vast intellectual capital of an innovative industry leader to create a profoundly different wealth management experience for our clients. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities. We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law. This position description is intended to provide a general overview of the expectations and responsibilities of this position and may not include all tasks that may be assigned. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned with or without notice. Corient refers to the separate but affiliated entities under common control of Corient Holdings Inc. Client assets include all assets of Corient Holdings Inc., including majority- and minority-owned businesses. At Corient, we combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of best-in-class advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we always put our clients first and at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing legacies that last for generations.