Settlements Associate

We are working with an international institutional fixed income broker/dealer.

They are seeking a Settlements Associate to be responsible for the daily operational processes supporting trade settlement, collateral management, and specialized handling of capital markets transactions.

Key Responsibilities

• Ensure timely settlement of trades, accurate margin call administration, and proactive issue resolution with counterparties and internal stakeholders.
• Lead margin calls with counterparties to meet required deadlines, providing timely responses and escalations.
• Lead assigned special handling processes.
• Own, monitor, and action open items in alignment with daily task deadlines and process guidelines.
• Manage coordination of deal pipeline activities with relevant internal teams, ensuring postings in the TradeOps Calendar and adherence to specialized settlement requirements.
• Partner closely with internal teams, counterparties, custodians, and clearing agents to resolve settlement breaks and margin disputes.
• Provide timely updates and escalate issues to management when settlement risk is identified.
• Support oversight of money differences, actively monitoring balance breaks in relevant systems and accounts.
• Manage customer communication and reconciliation processes on high-risk unresolved money balances.

What We Are Looking For

• Strong understanding of trade lifecycle and settlement processes related to fixed income products.
• Strong understanding of key platforms and vendors used in the settlement process (including DTCC, RTTM, Euroclear, Clearstream, and Pershing).
• Strong written and verbal communication skills with external counterparties.
• Ability to work independently under tight deadlines, particularly morning margin cutoffs.