DTC Settlements Associate Job at TSR Consulting Services, Inc

TSR Consulting Services, Inc Newark, NJ 07102

  • Temporary contract – 3 – 6 months-Newark NJ
  • Must have minimum of 5 years’ experience in DTC Settlements processed and workflow
  • Experience with Impact and BPS a plus, but not required

Responsibilities:

  • Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Prime Broker and Vault
  • Facilitate development of Broadridge’s Settlement tools such as Global Framework (GFW), Broadridge Exception Event System (BEES) and Universal Dashboard by providing operational expertise and conducting user acceptance tests (UAT)
  • Participate in onboarding new clients onto Broadridge product suite such as ‘Brokerage Processing Services’ (BPS) for equity trade settlement and ‘Impact’ for Fixed Income trade settlement
  • Conduct internal and external training programs on Broadridge products such as GFW, BPS, Impact, BuyIns System and Universal Dashboard that are heavily used within the Settlements department
  • Address daily operational escalations from clients as a result of system or human error and resolve them in a timely manner. Also communicate the issue, solution and plan of action for future avoidance in a timely manner to both the internal and external parties
  • Limit market exposure for clients by monitoring unsettled trades with high Mark to Market (MTM) exposure and by monitoring suspense account activities
  • Identify and implement Robotic Process Automation (RPA) on processes within the DTC Settlements area to deliver valuable services to the clientele
  • Perform quality controls by ensuring Written Supervisory Procedures (WSP) is adhered by the group
  • Develop and maintain Standard Operating Procedures (SOP) for training purposes, for reference during critical issues and for seamless operations
  • Coordinate and communicate with support functions such as HR, IT and Finance for system related, project related and team related functions

Qualifications:

  • Bachelors degree orequivalent experience
  • Series 99 preferred
  • A self-starter with keenattention to detail, with ability to work under tight deadlines and multi-task
  • Quick-learner that can adapt to a growing business
  • Ability to maintain positive relationships with both clients and internal associates
  • Excellent verbal and written presentation skills
  • Proven knowledge of operations products and processes
  • Proficient in MS Office Suite

Job Types: Full-time, Contract

Pay: $40.00 - $50.00 per hour

Schedule:

  • 8 hour shift
  • Day shift
  • Monday to Friday

Ability to commute/relocate:

  • Newark, NJ 07102: Reliably commute or planning to relocate before starting work (Required)

Experience:

  • Financial concepts: 5 years (Preferred)

Work Location: One location




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