What are the responsibilities and job description for the Brokerage Operations, Securities Settlements Analyst - DTCC / Gov't position at Fidelity Investments?
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 years of Federal / 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 : Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry . Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances : Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
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, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.
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