What are the responsibilities and job description for the Sec Lending/Fixed Income Operations Associate position at Phaxis?
A global Financial Services firm is looking to hire an experienced Sec Lending/Fixed Income Operations Specialist to join their team and work on a contract assignment in Hoboken, NJ (hybrid position).
** This is an immediate need **
Apply now for more details!
JOB DESCRIPTION:
Key Responsibilities:
- This position is as a part of the team responsible for Settlements in respect of the Capital Markets derivative business.
- Each team member works collaboratively to execute the following responsibilities on a daily and adhoc basis.
Settlements:
- Manage and oversee all derivative cash flow settlements across the MUSO derivative entities.
- Responsible for entering settlement instructions into the company's system and checking them for accuracy, including completing client call back instruction verification.
- Agreeing, processing and reconciling netting based on counterparty instructions.
- Track, investigate & recover non receipts of funds.
- Tie CLS cash flows to internal system. Investigate CLS discrepancies. Reconcile, agree and post CLS funding.
- Investigate balance sheet and nostro breaks with Finance and Bank staff members.
- Processing occurs within the following external confirmation/Settlement Systems 360T, Bloomberg CMS, MiSYS, GTSS and FX All Settlement Center.
Skills:
- Track, investigate & recover non receipts of funds.
- Tie CLS cash flows to internal system. Investigate CLS discrepancies. Reconcile, agree and post CLS funding.
- Investigate balance sheet and nostro breaks with Finance and Bank staff members.
Pay: $35-$40/hr w2
Salary : $35 - $40
