Settlement Specialist

Our Client, a Global Investment Bank, is seeking a Settlements Specialist in their New York, NY location.

Responsibilities:

Settlement Processing:

• Execute and manage the settlement of international transactions using GLOSS and Japanese settlement systems, ensuring compliance with regulatory requirements.
• Reconcile trades and resolve discrepancies in settlement instructions, payment processing, and documentation.

GLOSS Management:

• Oversee the operational aspects of GLOSS, ensuring seamless processing and accurate recording of securities transactions.
• Collaborate with technology teams to troubleshoot and enhance GLOSS functionalities and performance.

Japanese Settlements:

• Facilitate the settlement of transactions in the Japanese market, understanding local regulations and market practices.
• Maintain relationships with Japanese counterparties and settlement agents to ensure efficient communication and resolution of issues.

Documentation and Compliance:

• Prepare and maintain accurate documentation for all settlement activities, adhering to internal controls and regulatory requirements.
• Assist in audits and compliance reviews related to international settlements.

Cross-Functional Collaboration:

• Work closely with trading, finance, and risk management teams to provide timely settlement updates and resolve any issues that arise.
• Communicate with custodians, brokers, and other external partners to facilitate smooth settlement processes.

Continuous Improvement:

• Identify opportunities for process improvements and efficiency gains within the settlements function.
• Stay updated on market trends, regulatory changes, and best practices in international settlements.

Qualifications:

Education:

• Bachelor’s degree in Finance, Business, or a related field.
• Minimum of 4 years of experience in international settlements, with specific experience in GLOSS and Japanese markets.
• Strong knowledge of global financial markets, settlement processes, and related regulations.

Skills:

• Excellent analytical and problem-solving skills with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to work collaboratively across departments.
• Proficient in Microsoft Excel and relevant settlement systems/software.