Fixed Income settlement

New York, NY

Post Date: 07/30/2018 Job ID: 11052123 Industry: FIN Consulting
Ideal candidate has good all-around settlement experience managing an offshore team

Role description:
    • Fails management, and liaison to fails resolution
    • Monitor Nostro breaks, Open fails, and process integrity of settlements
    • Actively monitor the tasks performed by the BPO related to International settlements
    • Random sampling of events to measure BPO performance
    • Identify and monitor 'high value " or " high risk " scenarios to ensure proper handling by BPO
    • Monitor BPO's performance related to established and agreed controls
    • Attest monthly to balances in accounts assigned to the VSG (Vendor Supervisory Group)
    • SME level resource to assist BPO in performance of International settlements functions when needed
    • Approve all wires submitted by the BPO
    • Approve all journals submitted by the BPO
    • Maintain current procedures and escalation matrices in adherence to established SLAs
    • Document any instances where BPO failed to perform up to expectations for review by BPO and management team
    • Monthly attestation of accounts


Skills, experience, qualifications and knowledge required:
    • Experience managing or overseeing an offshore or offsite group
    • Applicant should be well versed in the settlement and processing of Fixed Income securities
    • Ability to operate in a high volume, high value settlement environment
    • Knowledgeable in rules and requirements surrounding foreign settlements
    • Able to monitor and measure the effectiveness of an offsite vendor entity
    • Knowledge of Client settlement systems (BPS, Gloss, IMPACT) as well as DTC, Euroclear, and TLM
    • Series 99 a plus
    • Minimum 5 years' experience in International equity and fixed income settlements in foreign markets



Seth Friedland


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