Settlements Associate

Company: Careerbuilder-US
Location: Dallas
Posted on: January 26, 2023

Job Description:

Responsibilities
---The Settlements area is responsible for all trade settlement, processing, and reconciliation
---This position will ensure that all executed trades are settled accurately and promptly while ensuring the timely reconciliation of settled cash and resolve any open, unsettled, fails that are for our settlements
---Reconciliation is to be completed daily to ensure all entries are accurate and the corresponding accounts are balanced for each business day
---P&S function is responsible for providing essential services for completing the trade life cycle and servicing client/front office needs, ensuring daily market trading activity is compared with street activity to control and reduce the risk of unmatched trades
---Team members are required to ensure timely, accurate resolution of equity & option trade breaks
---Process, review and settle US equity and options transactions
---Resolve outstanding settlement issues and respond to internal and external inquiries
---Review fail exposure accurately report to senior regulatory management teams
---Comply with regulatory requirements [eg Reg Sho, 15c3-3]
---Manages day-to-day department activities
---Analyzes and proposes improvements to automated and manual processes
---Ensures department procedure documents are accurate and up-to-date
---Manages procedural exception processing and surfaces "red flag" exception conditions for escalation
---Identify and propose solutions for addressing control gaps
---Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior
---What you do (Purchase & Sales)
---Reconcile and report option and equity trade breaks T+1 and T+2(equities)
---Reconcile all pair off breaks
---Reconcile and report all P&S suspense breaks
---Process all P&S trade corrections
---Monitor OW, ACT, ORF and OCC's Encore system
---Monitor, process and reconcile exercise, assignment and expiration
---Report stock record breaks


Qualifications
---Ability to balance day-to-day execution of tasks
---Strong written communication skills
---Ability to work with teams and collaborate
---Excellent leadership and managerial skills
---Time management and multitasking skills with the ability to prioritize tasks

Keywords: Careerbuilder-US, Dallas , Settlements Associate, Other , Dallas, Texas