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AVP, Settlements - Fed Clearance

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Jefferies

15d ago

  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • $100K - $120K
  • Jersey City

AI generated summary

  • You need strong knowledge of Fixed Income clearance/settlement, operational risk management, Broadridge GPS products, and industry initiatives. Must be detail-oriented, excel proficient, and a self-starter.
  • You will research and reconcile breaks, manage trade flows, realign securities, and work closely with various teams to ensure timely settlement while creating processes to lower operational risk.

Requirements

  • Strong knowledge of all Fixed Income clearance/settlement concepts and experience with settling trades and managing NFE/DOD at the Fed
  • Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
  • Proven track record of managing operational risk
  • Strong knowledge of Broadridge GPS products (BPS, CAGE/Global Framework, and Impact)
  • Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
  • Strong attention to detail
  • Strong written and verbal communication skills
  • Strong Excel skills (Pivot Tables, VLOOKUP, etc)
  • Proven self-starter with ability to think quickly under pressure

Responsibilities

  • Researching and reconciling breaks, fails, open items, etc
  • Architecting and managing trade flows to respective systems/depots for settlement
  • Re-aligning securities between depots as necessary
  • Working with MBS Allocations, MBS Settlements, Gestation Repo, and TMPG Operations teams to ensure settlement
  • Working with Repo/Securities Finance teams to ensure settlement
  • Creating and repairing processes to lower operational risk to the firm

FAQs

What are the primary responsibilities of the AVP, Settlements - Fed Clearance role at Jefferies LLC?

The primary responsibilities of the AVP in Fixed Income Ops at Jefferies LLC include ensuring clearance and settlement of Fed cash and repo securities, managing outsourced teams responsible for clearance and settlement, researching and reconciling breaks and open items, managing trade flows to respective systems for settlement, re-aligning securities between depots as necessary, and working with various teams to ensure successful settlement.

What qualifications are desirable for the AVP, Settlements - Fed Clearance role at Jefferies LLC?

Desirable qualifications for the AVP role in Fixed Income Ops at Jefferies LLC include strong knowledge of Fixed Income clearance/settlement concepts, experience with settling trades and managing NFE/DOD at the Fed, understanding of Fixed Income security lifecycle events, proven track record of managing operational risk, familiarity with Broadridge GPS products, experience working with industry peers on Fixed Income initiatives, attention to detail, strong communication skills, proficient in Excel, and ability to think quickly under pressure.

Jefferies, the global investment banking firm serving clients for 60 years.

Finance
Industry
1001-5000
Employees
1962
Founded Year

Mission & Purpose

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments.

Benefits

  • Wellness Programs

  • Health Care and Insurance Plans

  • Employee Discounts