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DTC Settlement Associate

TSR Consulting Services, Inc.
Newark, NJ Contractor
POSTED ON 1/12/2025
AVAILABLE BEFORE 2/7/2025

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

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