Job Description
A financial firm is looking for a Senior Operations Specialist to join their team in New York, NY.
Compensation: $100-150K
Responsibilities:
- Manage daily institutional trade settlement activities, including DVP/RVP processing for U.S. equities and related products
- Monitor and resolve settlement exceptions, fails, DKs, unmatched trades, and reconciliation breaks
- Coordinate with custodians, counterparties, executing brokers, and clearing agents to ensure timely settlement; Oversee trade allocations, affirmations, and settlement instruction processing
- Support NSCC/DTC settlement activities and cash/securities movement monitoring
- Ensure accurate processing of institutional deliveries and receipts
- Utilize client BPS for trade processing, settlement monitoring, reconciliations, and operational reporting
- Partner with technology and operations teams to improve operational efficiency and automation
- Participate in UAT testing, workflow enhancements, and process optimization initiatives
- Maintain strong operational controls and ensure compliance with internal policies and regulatory requirements
- Assist with regulatory reporting and audit requests when needed
- Support operational aspects of SEC/Client compliance requirements related to institutional operations and clearing activities
Qualifications
Required
- 5+ years of experience in institutional brokerage operations and clearing operations
- Strong knowledge of: DVP/RVP settlement workflows, U.S. equity clearing and settlement lifecycle, Institutional trade processing, DTCC / NSCC / DTC operations, Prime brokerage operational processes
- Hands-on experience with client BPS preferred
- Experience of handling institutional settlement breaks and exception management preferred
- Strong understanding of trade allocations, affirmations, and institutional custody workflows
- Ability to work in a fast-paced trading and clearing environment
- Strong analytical, organizational, and problem-solving skills
Preferred
- Experience working at a broker-dealer, clearing firm, or prime broker
Familiarity with:
- Omgeo CTM / ALERT
- Institutional onboarding
- Client Series 7, 63, or 99 licenses preferred