What are the responsibilities and job description for the DTCC Settlements Specialist position at Madison-Davis, LLC?
Rate : $300 / day
- Processing of all eligible securities through the DTCC processing system. Candidate must have thorough knowledge of the PTS (participant terminal service) system and all related functionality. This includes the following :
- Settle securities transactions by processing deliver orders (DOs)
- Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs)
- Pledge securities to pledgees for collateral through the collateral loan system
- Pledge securities to the Options Clearing Corporation (OCC) to meet OCC margin requirements
- Protect customer fully-paid-for positions and manage firm positions through the use of segregation and memo segregation procedures
- Call and confirm all pending and unmatched trades to ensure timely settlement.
- Reconciliation of securities positions and cash movements between DTCC & Phase3.
Salary : $300
