Hi,

Title : Senior Associate, [DTCC SETTLEMENTS SPECIALIST]

Location : Iselin NJ

Contract

Responsibilities

• Must know the processing of all eligible securities through the DTCC processing system.
• Candidate must have thorough knowledge of the PTS (participant terminal service) system and all related functionalities.
• Should be aware of Settle securities transactions by processing deliver orders (DOs)
• Should know about Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs)
• Pledge securities to pledgees for collateral through the collateral loan system
• Pledge securities to the Options Clearing Corporation (OCC) to meet OCC margin requirements
• Protect customer fully-paid-for positions and manage firm positions using segregation and memo segregation procedures
• Call and confirm all pending and unmatched trades to ensure timely settlement.
• Reconciliation of securities positions and cash movements between DTCC & Phase3.

Minimum Qualifications

• Graduate or postgraduate in Technology with Computers or Information Technology (IT) stream.

Preferred Qualifications/ Skills

• TRADE PROCESSING- PROCESSING OF CASH TRADES (BUYS/SELLS) AND REPO TRANSACTIONS CLEARING THROUGH DTCC.
• PAIR-OFFS: MONITORING AND PROCESSING OF CUSTOMER PAIR-OFFS, INCLUDING CANCELLATION OF TRADES TRANSMITTED DTCC TO AFFECT PAIR-OFF WIRE PAYMENT.
• SYSTEMS: KNOWLEDGE OF DTCC SYSTEM AND PROCESSING FUNCTIONS. FIS PHASE3 SYSTEM A PLUS
• INTERACTION: HIGH VOLUME PROCESSING AND KNOWLEDGE OF DEADLINES; CONSTANT INTERACTION WITH MIDDLE OFFICE AND FRONT OFFICE TEAMS.
• NEEDS TO HAVE SPECIFIC WORKING KNOWLEDGE OF DTCC PORTAL, ALL SETTLEMENTS FUNCTIONALITY
• MUST ALSO HAVE KNOWLEDGE OF TMPG CLAIMS PROCESSING
• PRODUCTS: CORPORATE BONDS AND EQUITIES; SOME UST FIXED INCOME
• Must possess strong written/oral communication skills
• Ability to communicate clearly and easily
• Ability to analyze and summarize
• Rigor and sense of organization
• Apprehension of results and priorities
• Relationship management/Commercial sense