FX Settlements Analyst
Global Investment Firm
Boston, MA or Charlotte, NC onsite 3 times a week, remote 2 days a week
$65,000-85,000 annual salary plus a bonus
Direct Hire
W2 only
Required Skills:
MUST HAVE specific Fixed Income and/or FX Settlements experience
Bachelor’s Degree
1+ years experience of hands on Trade settlement experience
Description:
As a key member of a newly formed team apart of this Operations team, you will be responsible for the delivery of US operational services relating to Transaction Management processes covering equities, public fixed income products and FX, reporting to Senior Manager of Transaction Management based in US.
You will work closely with both internal partners (trading, portfolio management, compliance, counterparty management etc.) and relevant external parties (counterparties, custodians).
You will join the team of dedicated professionals responsible for performing all aspects of equities, fixed income and FX post execution processing, ensuring that effective processes and controls are in place.
You will demonstrate credibility with a proven competency and knowledge of the operational and trading activities, as well as drive efficiency and accuracy to reduce risk in our processes.
Responsibilities:
- Focus on accurate and timely transaction processing of Equities, Public Fixed Income products and FX, ensuring tasks are prioritized accordingly to meet processing deadlines
- Work closely with front office and business partners to provide daily operational support included but not limited to trade capture, trade matching and confirmation, settlements, failed trade management, claims management, transfers in kind, cancel/correct processing and reconciliation
- Act as a subject matter expert on firm’s operational workflows and processes for equities, fixed income and FX including liaison with Senior Manager of Transaction Management in relation to any enhancements to Aladdin to support new business initiatives.
- Assist Senior Manager of Transaction Management with any Regulatory Change projects impacting Public Fixed Income products, Equities and FX e.g. Shorten Settlement Cycle initiative
- Take responsibility and provide proactive communication while troubleshooting and resolving issues related to equities and public fixed income trade capture, trade matching, confirmation, settlements and trade related claims.
- Identify risk issues and use good judgement in communicating issues to management attention and escalating matters when warranted
- Develop strong client relationships and partner with front office and IT to realize the full potential of operational workflows
- Actively ensure upward and downward communication of developments and issues
Qualifications and Skills:
- Full understanding of different types of products and processing requirements for treasuries, corporate and sovereign bonds, munis, ABS/MBS, pools, TBAs, structured credit products, FX, money market instruments and repos.
- Understanding of the lifecycle of the trade from execution to settlement
- Solid understanding of operational risks and controls
- Knowledge of post execution through notification and settlement protocols (e.g. FIX, SWIFT, CTM)
- Knowledge of Order Management Systems, in particular Aladdin
- Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows
- Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines
- Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
- Effective communication skills, both written and verbal
Experience:
- 3+ years’ experience in financial services
- Recent and relevant experience in Trade Operations
- Strong knowledge of equities, FX and fixed income products
- Solid understanding of post execution processing protocols
Education:
- Bachelor’s degree in Accounting, Economics, Finance or related field
