What are the responsibilities and job description for the Settlements Operations Coordinator position at QUANTEAM - North America (RAINBOW PARTNERS Group)?
About Us
As a founding entity of RAINBOW PARTNERS, Quanteam is a consulting firm that collaborates across 10 international offices, guided by core values of closeness, teamwork, diversity, and excellence.
Our Commitment:
We are dedicated to delivering exceptional services in Banking, Finance, and Financial Services, leveraging our expertise to drive results.
Your Role:
You will be part of our Domestic Settlements Team, contributing to the smooth execution of settlement functions.
Responsibilities:
- Settlements Management: Process securities transactions through the DTCC portal.
- Trade Processing: Execute cash trade processing (buys/sells) and repo transactions through DTCC.
- 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.
Requirements:
- 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.
