Madison-Davis Client
The Settlement Division is looking to add a Fed Settlement Representative to their team.
Responsibilities include, but are not limited to:
- Ability collateralize Tri-Party Repo agreements including resolution of any Intra-day discrepancies
- Process daily Repo Related Margin calls including coordination with Cash Management and the Repo desk for funding our settlement accounts
- Strong knowledge of trade comparison via Fixed Income clearing corporation FICC / Government Security clearing corporation GSCC
- Calculate and coordinate daily funding requirements for 15c3-3 substitutions
- Analyze and report intra-day real time securities fails for exposure to minimize negative fail financing and TMPG Fail claims
- Work with Clients and Street counterparties to confirm fails, maximizing the potential to make partial deliveries and processing of pair offs.
- Reconcile daily and resolve all exceptions in suspense accounts
- Perform other tasks and duties as required and assigned
Experience and Skills
- Bachelor’s Degree from an accredited university
- Strong Knowledge of Bank of New York BDC (Broker Dealer Clearance) and Access edge
- 2+ years of settlement experience required
- Knowledge of Trade cycle from execution to settlement
- Ability to interpret Stock Record
- Proficient in Microsoft Office (outlook, Word, Excel & Power point
- Organized, Detail oriented, And the ability to prioritize daily work flow
- Strong Verbal and Communication skills
- Strong Analytical, problem solving and critical thinking