Fixed Income Clearing Manager

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  • Social Capital Resources
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Job Summary
Location
Greenwich ,CT 06831
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
11 Jan 2025
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Job Description

Top-Tier Financial Services Firm in Stamford, Connecticut is seeking a Fixed Income Clearing Manager for a permanent position!


Responsibilities:

  • Utilize in-depth knowledge of FIS and BNY BDC systems to ensure the timely settlement of client transactions.
  • Monitor the firm's liquidity to mitigate potential overdraft charges within BNY.
  • Track failed transactions (TMPG) and proactively follow up with counterparties to ensure fund settlements.
  • Oversee client FICC activities and manage uncompared transactions, ensuring alignment with fund settlement requirements.
  • Coordinate with clients’ trading desks on collateral movements across various BNY accounts.
  • Identify and mitigate risks associated with high-value trades to minimize operational exposure.
  • Escalate operational issues or client complaints to senior management as necessary.
  • Foster strong working relationships with internal teams and clients’ trading desks to ensure seamless operations.
  • Perform additional duties or responsibilities as required to support team and organizational goals.


Qualifications:


  • Minimum of 4+ years of experience in Fed Settlement operations.
  • Comprehensive understanding of FIS and BNY BDC systems.
  • Familiarity with reconciliation processes between BNY and Impact.
  • Deep knowledge of TMPG and FICC processes, including CFM.
  • Strong functional and technical expertise in systems like IFIS, BNY BDC, and FICC.
  • Ability to thrive in a collaborative, fast-paced, and dynamic environment.
  • Excellent analytical and problem-solving skills, with a capacity to navigate complex operational challenges
  • Solid understanding of Fed Settlement operations, products, and processes.
  • Proven ability to recognize high-risk items and escalate appropriately to mitigate losses or breaks.
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