Trade Settlement/Repo Work Lead – Wealth Operations
U.S. Bank
full-time
Posted on:
Location Type: Hybrid
Location: Charlotte • Minnesota, North Carolina • 🇺🇸 United States
Visit company websiteSalary
💰 $86,360 - $101,600 per year
Job Level
Senior
About the role
- Ensure that outright trades in US Treasuries and repo and reverse repo trades with US Treasuries as collateral are submitted, compared, novated and netted appropriately and correctly at the FICC-GSD
- Ensure that deliveries and receives of US Treasuries are made correctly and timely at the Bank of New York for bi-lateral, tri-party and FICC netted trades.
- Work with middle office and contra-parties on fail cleanup and fail management
- Work with the business and project teams on large scale projects relate to central clearing of US Treasuries, continued build out of sponsored repo, general collateral facility, collateral management upgrades, etc.
- Assist the corporate team with National Security Clearing Corporation comparisons, CNS and DTC settlements and fail management.
- Assist the department manager on a variety small and large initiatives and projects
Requirements
- Bachelor's degree in Accounting, Finance, or Business Management, or equivalent work experience
- Four to six years of related experience or direct loan servicing experience
- 5+ years of broker dealer securities operations experience ideally in a clearing and/or settlements area with experience and knowledge of DTCC related products and functionality.
- Good product knowledge of fixed income securities
- Experience and knowledge of repo processing
- Leadership and mentoring skills
- Must have strong attention to detail and ability to work calmly under pressure
- Must have excellent verbal and written communication skills; ability to present professionally and articulately to groups and to senior management, as needed
- Bachelor’s degree required.
- Series 7 and 99 preferred
- Team player, takes ownership and excellent communication
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
US Treasuriesrepo processingfail managementsettlementsbroker dealer securities operationsfixed income securitiescollateral managementCNSDTCcentral clearing
Soft skills
leadershipmentoringattention to detailcalm under pressureverbal communicationwritten communicationpresentation skillsteam playerownershiporganizational skills
Certifications
Bachelor's degreeSeries 7Series 99