What are the responsibilities and job description for the Financial Transaction Specialist position at QUANTEAM - North America (RAINBOW PARTNERS Group)?
Job Description
Quanteam, a consulting firm specializing in Banking, Finance, and Financial Services, is seeking an experienced Settlements Specialist to join our Domestic Settlements Team. The ideal candidate will have hands-on expertise in DTCC systems and processes.
Key Responsibilities:
- Settlements Management: Process securities transactions through the DTCC portal, focusing on Corporate Bonds, Equities, and UST Fixed Income products.
- Trade Processing: Execute cash trade processing (buys/sells) and repo transactions through DTCC, including monitoring and processing pair-offs and cancellations.
- Claims Processing: Manage TMPG claims efficiently and accurately.
- Collateral Management: Pledge securities as collateral to lenders and meet OCC margin requirements.
- Customer Protection: Implement segregation and memo segregation procedures for fully-paid-for and firm positions.
- Reconciliation: Perform reconciliation of security positions and cash movements between DTCC and internal systems such as FIS Phase3.
Required Expertise:
- Proficient in DTCC Portal and its various settlement functionalities.
- Experience with TMPG claims processing.
- Familiarity with Corporate Bonds, Equities, and UST Fixed Income products.
- Knowledge of trade processing, pair-offs, and wire payments.
- Strong understanding of PTS system.
- Prior experience with Phase3 system is a plus.
- Engage with Middle Office and Front Office teams to handle high-volume processing and ensure adherence to deadlines.
- Communicate regularly with counterparts to confirm and settle unmatched trades on time.
