Treasury Analyst
Veeva Systems
ERP
Trade Allocation and Settlement Analyst
Huntington National Bank
full-time
Posted on:
Origin: • 🇺🇸 United States • Illinois, Ohio
Visit company websiteSalary
💰 $77,000 - $154,000 per year
Job Level
JuniorMid-Level
About the role
- Manage daily trade allocation process for institutional clients
- Identify and work with clients sending manual trade allocations to meet regulatory allocation requirements
- Work with internal teams and clients to facilitate trade corrections and process timely, accurate trade corrections
- Conduct thorough research and analysis for all trade corrections
- Utilize a strong understanding of financial markets to identify and mitigate potential operational risks
- Stay up to date on industry regulations and compliance requirements related to trade allocations, corrections, and settlement
- Create and maintain detailed documentation of allocation processes and procedures
- Communicate with internal and external stakeholders to provide status updates and resolve issues related to settlements
- Collaborate with various internal teams to ensure smooth settlement processes
- Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary
- Process and reconcile daily trade settlements in a timely and accurate manner
- Ensure timely and accurate settlement of trades while mitigating operational risk
- Monitor trade affirmations to comply with T+1 regulations
- Provide support to other team members and assist with ad hoc projects as needed
- Perform other duties as assigned
Requirements
- Bachelor’s Degree
- 2-5 years of Broker Dealer trade allocations experience or comparable experience
- FINRA Series 7
- Experience working with MBS products, including TBA and Pools (preferred)
- Knowledge of securities regulations, compliance, and industry standards
- Bloomberg/TOMS/CTM experience
- Strong understanding of securities markets and trading systems
- Ability to manage multiple priorities in a fast-paced environment; adaptive to change
- Ability to create and foster strong partnerships with business partners and work well in a team environment
- Detail oriented with strong organizational skills
- Analytical, problem-solving, and communication skills
- Experience coordinating with internal teams, clients, and external counterparties to resolve trade issues
- Experience with trade corrections, settlements, and trade affirmations (T+1)
