What are the responsibilities and job description for the DTC Settlement Associate position at TSR Consulting Services, Inc.?
Role: DTCC Settlement Associate
Job Type: Contract
Duration: 6 months
Location: Newark, NJ--onsite 2-3 days, rest remote
**Must have extensive DTCC Settlement experience for this role!
Responsibilities:
- Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Prime Broker and Vault.
- Facilitate development of Settlement tools such as Global Framework (GFW), Exception Event System (BEES) and Universal Dashboard by providing operational expertise and conducting user acceptance tests (UAT).
- Participate in onboarding new clients onto client product suite such as ‘Brokerage Processing Services’ (BPS) for equity trade settlement and ‘Impact’ for Fixed Income trade settlement.
- Conduct internal and external training programs on products such as GFW, impact, BuyIns System and Universal Dashboard that are heavily used within the Settlements department.
- Limit market exposure for clients by monitoring unsettled trades with high Mark to Market (MTM) exposure and by monitoring suspense account activities.
- Identify and implement Robotic Process Automation (RPA) on processes within the DTC Settlements area to deliver value-add services to the clientele.
- Develop and maintain Standard Operating Procedures (SOP) for training purposes, for reference during critical issues and for seamless operations.
- Coordinate and communicate with support functions such as HR, IT and Finance for system related, project related and team related functions.
Qualifications:
- A self-starter with keen attention to detail
- Ability to work under tight deadlines and multi-task
- Extensive Depository Trust and Clearing Corporation (DTCC) Settlement experience
- Quick-learner that can adapt to a growing business
- Ability to maintain a positive relationships with clients and internal associates alike
- Excellent verbal and written presentation skills
- Proven knowledge of operations products and processes
- Strong customer service orientation & strong prioritization and interpersonal skills
- Proficient in MS Office Suite
Salary : $45 - $50