Fed Settlement Specialist 


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

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