Settlement Analyst

Job Title: Local and Global Settlements

Location: Chesterbrook, PA

Duration: 07 Months Contract on W2

Job description:

Responsibilities:

• Status (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigation

• Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository

• Adherence to client Service Level Agreements/Descriptions (SLA/SLD)

• Inquiry management, with attention to established timelines

• Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls

• Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager

• Elevate potential risk – client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy

• Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines

• Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.

• Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)

• Actively participate and contribute to personal development and career development alongside the team lead/manager – training courses, research, initiatives, etc.

• Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams

• Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery

• Actively participate in projects – independently, with team/partners, and regionally

Minimum Required Qualifications:

• College/University degree

• Experience in the financial services industry at a bank/broker, service provider or as a custodian

• Familiarity with the trade lifecycle and industry participants to the process flow

• Fed direct participant experience – 1 years or more

Preferred Qualifications:

• SWIFT messaging - securities, cash, reporting and FX message types

• Client or Operational support experience for global agent network

• Background in project lifecycle participation, delivery and reporting

• Fedwire or CHIPs funds transfer experience

• DTC experience (or global depository, ICSD)