Net2 Source Inc. is an award-winning total workforce solutions company recognized by Staffing Industry Analysts for our accelerated growth of 300% in the last 3 years with over 5500+ employees globally, with over 30+ locations in the US and global operations in 32 countries. We believe in providing staffing solutions to address the current talent gap – Right Talent – Right Time – Right Place – Right Price and acting as a Career Coach to our consultants.
Job Title: - DTCC Settlements Specialist
Work Location: Zip code: 08830 (Iselin NJ) onsite
Duration:- 6 + Months
Key skill /skills;
Daily transmittal of our intentions through DTC. Tasks within DTCC include knowledge of DTC CA WEB, CLAIMCONNECT, EDS, SDAR, Liability notice (180 Letter) and DTC Portal functionality.
The purpose of this job is that the resource will be responsible for the DTCC SETTLEMENTS.
Responsibilities
• Must know the processing of all eligible securities through the DTCC processing system.
• Candidate must have thorough knowledge of the PTS (participant terminal service) system and all related functionalities.
• Should be aware of Settle securities transactions by processing deliver orders (DOs)
• Should know about Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs)
• Pledge securities to pledgees for collateral through the collateral loan system
• Pledge securities to the Options Clearing Corporation (OCC) to meet OCC margin requirements
• Protect customer fully-paid-for positions and manage firm positions using segregation and memo segregation procedures
• Call and confirm all pending and unmatched trades to ensure timely settlement.
• Reconciliation of securities positions and cash movements between DTCC & Phase3.
Qualifications we seek in you!
Minimum Qualifications
• Graduate or postgraduate in Technology with Computers or Information Technology (IT) stream.
Regards,
Prashant Singh
Sr. Account Manager - Enterprise Business
Net2Source Inc.
Direct # (201) 285-5087 | Board # (201) 340-8700 Ext. 509 | Fax: (201) 221-8131
Office: 270 Davidson Ave, Suite 704, Somerset, NJ 08873
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