Trade Reconciliation Specialist 


Madison-Davis Client

The Trade Reconciliation (P&S) Department provides various services to our traders, correspondents, contra brokers and operational employees. We are looking for highly organized team player employee for a Temporary Contract role in a demanding fast paced environment that can professionally and accurately communicate verbally or via email trade problems, and assist in resolving problems through corrections or by submission using various clearance systems.
  • Process options cash journals on a weekly/monthly basis to ensure it balances with the OCC
  • Identify Listed and OTC equity trade problems
  • Identify Muni and Corporate trade problems
  • Report trade problems to various entities via email prior to market opening
  • Address incoming inquiries from correspondents, contra firms and operational personnel
  • Perform trade corrections using Phase3 or Beta system
  • Submit clearance via ACT, ORF, RTTM and OW
  • Identify and resolve Ex-Clearing trades via email
  • Work overtime when needed
  • Performs other duties as required and assigned

Required Experience:

  • Bachelor’s Degree from an accredited University
  • 2+ years Industry experience preferred
  • Must be good with numbers and have excellent problem-solving skills
  • BETA and Phase 3 experience a plus
  • Must be computer literate and proficient in Excel
  • Extremely strong communication and interpersonal skills essential
  • Knowledge in ACT, ORF, RTTM and Obligation Warehouse clearance systems
  • Computer literate and proficient in Outlook, Word and Excel

To learn about new job opportunities and industry trends, subscribe to the Madison-Davis newsletter today

Upload your CV/resume or any other relevant file. Max. file size: 2 GB.

Share on