Collabera Clarence & Settlement Specialist in Philadelphia, Pennsylvania
Clarence & Settlement Specialist
Title: Clearance and Settlement Specialist
Location: Philadelphia, PA - 19104
Duration: Contract to Hire
The company's Clearance and settlement Group is seeking a highly motivated and dependable junior clearance professional for Clearance/Settlements Fixed-Income operations. The Ideal candidate will have between 1 to 3 years of recent clearance and settlement experience dealing with daily monitoring of positions as well as trade and settlement reconciliations. Eager applicants will be provided with the potential opportunity of a fulltime position. Willing to train. Recent college grads welcome.
•Detailed knowledge of the back office clearance & settlement.
•Fixed Income functionality is a plus.
•Works proactively with customers to cultivate and maintain relationships.
•Works proactively to improve processes and services by identifying improvements and implements changes with a moderate impact on own area.
•Very good understanding of different types of securities and how trading and/or clearing and settlement are conducted (expertise within a set focus area).
Essential Job Functions:
•Monitor real time GSCC activity and identifying un-compared trades.
•Contact and reconcile all differences with client.
•Manage GSCC Break Report- Reconcile and confirm all GSCC breaks with our clients.
•Manage Fail Reports- Reconcile and confirm all NFI fails with our clients.
•Assist clearing firm on any DK’s or differences.
•Daily reconciliation of the NFI trading account.
•Assist on the July 2018 conversion over to new clearance provider.
•Ensure proper books and records are kept by monitoring and maintaining all data input processed by the NFI back office clearance system.
•Reconcile the NFI error account to ensure all open positions are covered properly and all trades are processed correctly.
•Reconcile NFI back office systems general ledger, stock record break sheets and open positions.
Compliance, Clearance, Stock, Settlement, Clearance & settlement, Excel, back office, clearance system, stock record