Settlement Specialist Job Description
Settlement specialist
provides timely and accurate settlement of foreign & domestic securities (free & versus payment) of exchange traded securities for legal entities and brands in the UK.
Settlement Specialist Duties & Responsibilities
To write an effective settlement specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included settlement specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Communicate frequently with front office, documentation, and accounting and control teams external counterparties
Identifying foreign settling security trades for BETA and for Pershing NJ
Settling foreign security trades timely and accurately
Monitoring fails for timely clean up
Running appropriate entries / reviewing entries for accuracy
Setting up organizations via Sentry for Syndicated Loan Trades
Reviewing documents for Syndicated Loan closings
Oversight for Pershing UK
Perform a daily reconciliation of securities movements and facilitate cross border activity
Required to master the complexities of many fixed income, derivative, and equity products gain a solid understanding of the business model and infrastructure
Settlement Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Settlement Specialist
List any licenses or certifications required by the position: MBTA
Education for Settlement Specialist
Typically a job would require a certain level of education.
Employers hiring for the settlement specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Accounting, Business, Education, Associates, Economics, Communication, Legal, Computer Science, Department of Education
Skills for Settlement Specialist
Desired skills for settlement specialist include:
Financial markets and products
Accounting
Complex securities sufficient to resolve issues quickly and timely and explain in clear and concise terms to parties involved
MS Excel
Internal control structure & compliance
Reporting and analysis
Rules and regulations
Settlement policies
Different products being traded by clients and Markets
Excel and Word
Desired experience for settlement specialist includes:
Possesses a university degree/college diploma in a business or financial services-related field
Possesses 8 to 10 years of experience in a financial services environment
Experience in management of general ledgers, suspense current accounts
3 to 5 years of relevant experience in settlement operations
Lead by example working with drive and determination
Specialist in market knowledge and able to understand impact of any market changes and communicate to stakeholders
Settlement Specialist Examples
1
Settlement Specialist Job Description
Job Description Example
Our innovative and growing company is looking for a settlement specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for settlement specialist
- Monitors and maintains fail positions in NSCC Obligation Warehouse platform
- Timely handling of exceptions
- Participate in process improvements and quality reviews, improve efficiency and productivity on an on-going basis
- Handling of all Business Units and all products
- Fails resolution for all settlements
- Verifying, placing and instructing upon daily collateral calls
- Confirming instructions
- Acting as the central point of contact for OTC Clearing and ETD trading across Operations
- Assuming ownership for any operational issues that are raised
- Anticipating issues that may adversely affect the operational support of all derivative products
Qualifications for settlement specialist
- Good communication skills, able interact and communicate effectively across cultural and hierarchical lines within the Firm
- 2-5 years of experience in an investment banking environment, preferably in Back Office
- Sound market knowledge in cash products
- Since this team will have extensive contact with Front Office, Middle Office and Back Office around the globe, they will need to be able to work under strong pressure and meet deadlines on time
- The candidate needs flexibility to adapt a continually changing environment and prepare to take on more responsibility whilst being willing to absorb and share their knowledge continuously
- Administer Finance and Compliance documentation and other loan related documentation
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Settlement Specialist Job Description
Job Description Example
Our company is growing rapidly and is looking for a settlement specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for settlement specialist
- Reconcile network settlement
- Balance general ledger
- Research and process exceptions ( adjustments, chargebacks, and representments)
- Contact branches, other departments, and networks to resolve problems
- Guiding client loan applications through to settlement while working collaboratively with our Banking Specialists
- Adherence to strong pipeline management
- Exceeding KPIs in relation to activity and conversion rates
- Sending document checklists to clients, along with progress communication
- Liaising with Solicitors to ensure timely settlement
- Liaising with internal business stakeholders and contacting clients where necessary
Qualifications for settlement specialist
- Excel and knowledge of Access
- Ability to handle time pressures while working efficiently and accurately
- Working knowledge of RAVE
- Must be able to learn additional tasks and systems as needed
- Willingness to pursue professional certification, such as CTFA preferred
- Preferthe candidate to have knowledge of trust account administration, investment principles, and the probate process
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Settlement Specialist Job Description
Job Description Example
Our company is looking for a settlement specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for settlement specialist
- Research and resolve all outstanding open out of balances, discrepancies, STAR adjustments, gateway adjustments, and bank activity differences within established timeframes
- Work as a team to ensure all items are completed by established time frames
- Oversee and manage a team of Settlement Administrators assigned to dealers in a specific geography
- Determine and communicate areas of accountability and performance expected of team members
- Enter Customer Rates into LIMS Settlement System to generate invoices for our customers and pays our contractor loggers and haulers
- Prepare and produce a draft payment advice report which is then verified against what was entered into LIMS Settlement system either manually or electronically
- Error Resolution – fixing problems in LIMS and at any stage of the invoicing process
- Generate weekly settlement statements and EFT Direct Deposit Advise and mail or e-mail or fax to the contractors
- Verify each vendor settlement payment each week by summing up DPAs, payment adjustments and advances
- Working knowledge of various payment reconciliation process and systems
Qualifications for settlement specialist
- Strong knowledge of North American payments channels and processes
- Experience as a Paralegal and/or Paralegal Assistant a plus
- Ability to use Microsoft products and other automation tools
- Provide support for transaction processing, which may include providing technical hardware, and software support
- May assist with the maintenance of department databases, records, and reports
- Assist with the conversion of systems/hardware during company acquisitions
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Settlement Specialist Job Description
Job Description Example
Our growing company is looking for a settlement specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlement specialist
- Administrative support for the NHWD Region and Fairfield office
- A/P batching of invoices for Fairfield and Northern Kingdom
- Complete A/P Accrual reports for Fairfield and Northern Kingdom
- Purchase Card payments, allocations and balancing of statements monthly
- Assist with scheduling of meetings and coordinating various company functions
- Phone duties and Mail pick-up once every four weeks
- Ability to train new associates in the area
- Independently serve as a single point of contact to facilitate the department process and perform proactive monitoring of the claim from start to finish to ensure accuracy and quality throughout the various milestones of the process
- Train and coach peers via e-mail, phone and face to face interactions regarding policies and procedures, system knowledge and customer service skills
- Respond to, research, and resolve service issues initiated by advisors, clients or other relationship partners
Qualifications for settlement specialist
- May participate in conversion testing and planning, maintenance and system enhancements, updates, and
- Ability to develop and handle projects form conception through to completion
- Knowledge of ATM maintenance
- Technical/systems background preferred
- Must be able to multi-task, and prioritize issues/ problems
- Must have the ability to travel to and from ATM locations
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Settlement Specialist Job Description
Job Description Example
Our growing company is looking to fill the role of settlement specialist. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for settlement specialist
- Handling of incoming exceptions
- Instructing manual dispositions
- You will contact with internal interfaces custodians & clearings for trouble shooting in order to expedite closing of pending breaks and unmatched SWIFT transactions
- You will participate in process improvements and quality reviews, improve efficiency and productivity on an on-going basis
- You will perform all assigned duties in a proper way and according to defined Service Levels descriptions and established Key Performance Indicators
- The candidate will be part of a team responsible for the settlement administration of the Hong Kong market including China Connect
- Investigation of trade discrepancies will be required, this will involve liaison within JPM including Client Services along with external parties involved in the Settlement process such as Transfer Agents, Fund Managers, brokers, depositories and other Custodians
- Serves s Initial Loss contact with the customer
- Transfers titles and all paperwork
- Will be required to master the complexities of many equity and fixed income products gain a solid
Qualifications for settlement specialist
- Ability and flexibility to be accessible 24/7 for ATM maintenance, servicing, and repairs
- Execution of daily tasks related to confirmation and settlement of fixed income and equity trades
- Handling of corporate actions
- Communication with internal and external stakeholders to address their queries
- Collaboration in initiatives and new tasks and initiatives
- Suggesting improvements for tasks and processes