Settlements and Collateral Analyst

Company: Fanning Personnel
Location: Boston
Posted on: November 13, 2024

Job Description:

Monitor trade settlement of equity, fixed income, and derivative transactions.Maintain accurate custodian and broker settlement instructions.Assist in the creation and negotiation of market opening documentation.Ensure the timely and accurate processing of all collateral movements between our custodian banks and counterparties.Verify and instruct all OTC, future, and repurchase agreement collateral movements.Reconcile collateral balances to both counterparties and custodians on a periodic basis.Identify and resolve all valuation discrepancies/disputes in a timely manner.Ensure timely receipt, detailed review, signoff, and storage of all OTC derivative confirms.Assist on ad hoc projects.Qualifications:The successful candidate will be required to have a minimum of three to five years of industry experience directly supporting the lifecycle of both listed securities and derivatives.Strong analytical skills - the Settlements and Collateral Analyst must have experience working with complex instruments and the ability to explain and/or resolve exceptions.Strong work ethic and attention to detail-the day-to-day responsibilities will require focus and dedication to problem solving. Ownership is the key. Issues must be resolved in a timely manner and seen through to completion.Detailed understanding of the lifecycle of a trade from implementation through settlement with a demonstrated understanding of the various settlement cycles and the nuances of global markets.Excellent communication skills. Demonstrated ability to effectively communicate with multiple internal and external counterparts to resolve operational issues (For example, direct communication with firm Compliance, firm Trading, and external brokers).Demonstrated ability to multi-task and prioritize between multiple market deadlines.Strong working knowledge of SWIFT messaging.Ability to work under pressure and independently.Bachelor's degree required.Knowledge of Aladdin, FXAll, Acadia MarginSphere, TriResolve, DTCC, and Alert is a plus.Required Years of Experience: 3Additional Info:
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Keywords: Fanning Personnel, Portland , Settlements and Collateral Analyst, Professions , Boston, Maine