Our client, a leading financial company, is hiring a Supervisor, Operations DTCC Settlements on a contract basis
Job ID #: 81310
Work Location: Newark, NJ/Edgewood, NY/Hybrid
Summary:
Location: Newark NJ or Deer park (Edgewood) Long Island. It’s a hybrid role and would require 2-3 days in one of these offices.
Supervisor, Operations-DTCC Settlements
Client is seeking a Supervisor of Operations to help support our Settlement functions. You will have the opportunity to support client’s top tier clients and work on a stellar team.
We are made up of high-performing teams that meet in person to learn and collaborate as needed. This role is considered hybrid, which means you’ll be assigned to a client office and given the flexibility to work remotely. This will require 2x a week in a client office
Responsibilities:
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Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Prime Broker and Vault.
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Facilitate development of client’s Settlement tools such as Global Framework (GFW), client Exception Event System (BEES) and Universal Dashboard by providing operational expertise and conducting user acceptance tests (UAT).
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Participate in onboarding new clients onto client product suite such as ‘Brokerage Processing Services’ (BPS) for equity trade settlement and ‘Impact’ for Fixed Income trade settlement.
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Conduct internal and external training programs on client products such as GFW, BPS, Impact, BuyIns System and Universal Dashboard that are heavily used within the Settlements department.
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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.
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Limit market exposure for clients by monitoring unsettled trades with high Mark to Market (MTM) exposure and by monitoring suspense account activities.
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Identify and implement Robotic Process Automation (RPA) on processes within the DTC Settlements area to deliver value-add services to the clientele.
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Perform quality controls by ensuring Written Supervisory Procedures (WSP) is adhered by the group.
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Develop and maintain Standard Operating Procedures (SOP) for training purposes, for reference during critical issues and for seamless operations.
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Coordinate and communicate with support functions such as HR, IT and Finance for system related, project related and team related functions.
Qualifications:
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3+ years of experience supporting Settlement functions
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1+ years of supervisory experience
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Experience in client support (overseeing process and escalations)
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Financial industry back office operations required, DTCC preferred
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Experience on-boarding new clients is preferred
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Strong verbal and written communication skills
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Bachelor’s degree or equivalent
Pay Range: $