What are the responsibilities and job description for the Fed Settlements VP position at Social Capital Resources?
Top-tier Investment Bank firm in Jersey City is seeking a Fed Settlements candidate for a permanent position at the VP level.
Responsibilities:
- Processing of cash trades (buys/sells) and repo transactions clearing through the BNY BDC Fed Wire System
- Monitoring and processing of customer pair-offs, including cancellation of trades transmitted to BNY to affect pair-off wire payment.
- Intraday and end of day balancing of activity cleared at BNY that was processed on PHASE3 system to ensure balancing of positions and cash.
Qualifications:
- 5 or more years’ experience relating to domestic trade FED settlements
Salary : $110,000 - $130,000
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