Brokerage Settlement Support Representative III - Fidelity Investments (Federal/Government Settlements)

Job Description: The Role You will deliver exemplary service to internal and external clients by the timely and accurate settlement of transactions in accordance with policies, procedures, and regulatory guidelines. Assist with reducing the risk associated with failed trades, resolving out of balances with our custodian, and completing the transfer of Government (FED) asset transactions via the FED on behalf of our clients through our clearing agent Bank of NY. The Expertise and Skills You Bring 3 to 6 year Fed/Government Settlements experience required. Bank of NY experience with BDC (Broker dealer clearance) preferred. Monitor high-risk/dollar transactions to ensure instructions are in place at contra parties to avoid settlement interruption and partner directly with various business units to expedite the resolution of aging items. Provide regular status updates to management. Continuously identify opportunities for process improvement with a focus on existing workflow, quality, efficiency, innovation, and policy and procedures. The Team We are a team with expertise in transaction clearing and margin. We perform trade clearance (reconcile trading activity), and coordinate settlements at our depositories (DTC, BNY, Citi) by communicating with other broker-dealers. Transactions settled, both domestic & international, include trades, transfers, stock loans/borrows, repos & DVP/RVP. We resolve settlement fails and mark obligations to current market values. We also ensure that accounts comply with the margin regulations of the SEC, FINRA, & the FRB; calculating required margin, and ensuring timely payment of purchases and margin calls. We also perform supervision of customer withdrawals of securities and cash Certifications: Category: Brokerage Operations Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office. At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy