Global Equity Settlement

Own the end-to-end global equity settlement process, partnering with our custodian, counterparties, and internal stakeholders to ensure timely and accurate settlement across multiple international markets.
Ensure transactions are accurately recorded across internal and external systems to facilitate successful settlement.
Monitor daily settlement activity and proactively identify transactions at risk of failing.
Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions.
Review buy-ins, settlement penalties, and aged fails while coordinating remediation efforts with counterparties and our custodian.
Monitor trade matching through SWIFT and settlement platforms, ensuring counterparties affirm and match trades within required market deadlines.

Trade Exception Management

Investigate and resolve trade mismatches, including settlement instruction discrepancies, quantity and price differences, allocation issues, counterparty booking errors, and FX/market-specific exceptions.
Partner closely with trading, finance, compliance, counterparties, and custodians to drive timely resolution of settlement issues.
Escalate complex settlement discrepancies and operational risks to the Director of Brokerage Operations when appropriate.

Cash & Position Reconciliations

Perform daily reconciliations of securities positions and cash balances across multiple global markets and currencies.
Investigate and resolve cash and stock reconciliation breaks between internal ledgers and external custodians.
Produce reconciliation reports identifying money differences, position discrepancies, and operational exceptions.
Ensure all reconciliation breaks are researched, documented, and resolved within established service levels.

Operational Risk & Regulatory Controls

Ensure operational processes comply with applicable SEC, FINRA, and global market regulations.
Support compliance with SEC Rule 15c3-3 by helping maintain proper possession and control of customer securities.
Maintain complete and organized operational records supporting audits, examinations, and regulatory reviews.

Reporting & Process Improvement

Produce timely, accurate, and meaningful operational reporting on settlement activity, aged fails, and reconciliation breaks.
Identify recurring operational issues through trend analysis and recommend improvements that reduce risk and increase efficiency.

Automation & Strategic Initiatives

Partner with Engineering and Product teams to automate manual operational workflows.
Leverage SQL, Metabase, and AI tools (such as Cursor and ChatGPT) to enhance operational efficiency and analytics.

3+ years of experience supporting brokerage operations with a focus on global equity settlements.
Strong understanding of securities settlement lifecycles within a broker-dealer or carrying firm.
Experience working with third-party clearing firms and global custodians.
Knowledge of U.S. broker-dealer operations and financial industry regulations.
Familiarity with BNY Nexen or similar global custody settlement platforms.
Working knowledge of SWIFT settlement messaging (MT54x series), Euroclear, DTCC, and international settlement practices.
Strong expertise performing cash and position reconciliations across multiple currencies and markets.
Possess the Securities Industry Essentials (SIE) Exam and Series 99 license (or higher), or obtain the Series 99 within 180 days of hire.
Working knowledge of SQL, Metabase, or similar reporting and data analysis tools.

New Settlements Associate