NMC_000382 - Clearing Specialist - Equity & DTC/OCC (W2)

One of our Financial Clients in New York, is urgently looking for Clearing Specialist - Equity & DTC/OCC .

Scope:

The Listed Clearing team is responsible for the settlements , controls , cash management , and client service of listed products including, but not limited to DTC cash Equity , Stock Borrow /Loan (US & Foreign), options clearing in OCC and Equity Tri-Party .

Requirements

• 3-5 years’ experience in Financial Services Industry (Banking/Brokerage Support preferred)
• Strong experience with Equity Clearing, Equity Settlements and Equity Options
• Should have experience with Cash Equity, Stock Borrow, Cash Management, Options Clearing and Settlements, Back-office, Reconciliation and Clearing houses
• Demonstrated knowledge of DTC/OCC (Options Clearing)

Nice-to-Have:

• Broadridge Shadow platform knowledge a plus

Essential duties and responsibilities

• Day to day supervision of a team of outsourced/offsite support teams to ensure quality and controls of transactions are performed
• Ensure all positions/balances in the firms DTC/OCC account are in synch with internal systems and bookings
• Must have thorough understanding of US clearance market practices
• Ensure all clearinghouse margin requirements are met and efficiently maintained.
• Responsible for problem resolution of all transaction exceptions and failures that have been escalated to the team
• Liaise with the company's affiliates who are using the company as their US clearing provider
• Monitor all OCC activity including CMTA flow and exercises/assignments for shares held in custody
• Validate firm’s outbound invoices for services rendered and oversee the allocation of clearinghouse charges received
• Prepare/validate recurring management reporting and metrics
• Participate in change management initiatives with Front Office personnel to expand service and products
• Coordinate audit and regulatory requests and responses