New York City, NY

Job Type
Full-Time Temporary

Pay Rate

Work Location: 1585 Broadway, New York, New York 10036

Duration: 3 months

4 positions

Equity Swaps experience, Excel

Background on the Team

The Equity Cash Settlements team manages the post-trade settlement process for some the firm’s most profitable financial instruments. The team is responsible for controlling risk to the firm by managing client relationships to ensure that high risk settlements are settled accurately, on time and efficiently. When there are post-settlement issues or discrepancies, the team investigates and resolves the issue while maintaining a strong client service and continuous improvement orientation and working collaboratively with internal groups such as at sales & trading and trade support.

Product Coverage

Equity OTC Derivatives products

Primary Responsibilities

  • Act as a process owner and be accountable for personal workflow
  • Develop and improve existing processes and reporting
  • Daily communication with clients to agree on upcoming cash flows and respond to client escalations
  • Responding to client queries relating to position breaks, corporate action bookings and reporting
  • Investigate and resolve process failures through daily interaction with Trading, Sales, Prime Brokerage and middle office groups
  • Reconciliation and analysis of breaks
  • Client and business unit relationship management
  • Translate complex trade information between internal stakeholders & external clients
  • Reducing risk exposure through escalation and strong communication
  • Work as part of the global settlements team to develop, test & implement internal system changes
  • Identification and escalation of process inefficiencies to management team & Change the Bank teams
  • Collaborating with multiple stakeholders to devise and field new processes, controls, and technologies

Skills required (essential):

  • Strong analytical acumen and organizational skills
  • Assertive demeanor with a superb client service mindset
  • Proven ability to work efficiently and accurately under pressure in a fast paced multi-tasking environment
  • Eagerness to learn complex financial instruments and become a subject matter expert over time
  • Excellent ability to communicate - both written and verbal
  • Grit to tackle hard challenges head-on and not be discouraged
  • Professional presence in person/on the phone and strong ownership mentality

Although specific knowledge of financial instruments is not a pre-requisite; the aptitude to learn, demonstrated by strong academic performance, is highly desired. Due to the nature of the products traded, the job requires the ability to identify problems proactively and understand when these need to be escalated. Strong problem solving skills and attention to detail are a necessity. The candidate should possess a good appreciation of risk - both operationally and franchise. Excellent Microsoft Excel and Word skills are required. In addition, the role requires extensive client interaction both internally and externally so the ability to maintain and build excellent client relationships is a priority.

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