Settlement Analyst

Job Description

Settlement Analyst

Hybrid – Chicago, IL (On-site 2-3 days a week)

6-month contract with strong likelihood of extension and/or conversion

Summary:

As a TBA Settlements Analyst, you will be responsible for managing and ensuring the timely and accurate settlement of TBA (To-Be-Announced) trades. Your role will involve close collaboration with trading, operations, and risk management teams to monitor settlement processes, resolve discrepancies, and improve operational efficiency. A strong understanding of TBA markets and settlement procedures is essential for this role.

Qualifications:

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• Education: Bachelor’s degree in Finance, Business, Economics, or a related field.
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• Experience: Minimum of 2-4 years of experience in trade settlements, preferably with a focus on TBA or fixed-income securities.
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• Knowledge: Strong understanding of TBA markets, mortgage-backed securities (MBS), and related settlement procedures.
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• Skills:
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• Proficiency in settlement systems and trading platforms.
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• Strong analytical and problem-solving skills.
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• Excellent communication and interpersonal skills.
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• Attention to detail and a high level of accuracy.
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• Ability to work under pressure and meet tight deadlines.
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Preferred Qualifications:

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• Certifications: Professional certifications such as CFA, CPA, or relevant industry certifications are a plus.
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• Technical Skills: Experience with ICI, Broadridge, Impact
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• Additional Skills: Knowledge of regulatory requirements related to trade settlements and experience in process improvement initiatives.
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Responsibilities:

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• Trade Settlement: Oversee the settlement process for TBA trades, ensuring all trades are settled accurately and on time.
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• Reconciliation: Conduct daily reconciliation of trade positions, identifying and resolving discrepancies promptly.
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• Communication: Liaise with trading desks, counterparties, clearinghouses, and custodians to resolve settlement issues and discrepancies.
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• Documentation: Maintain accurate records of all settlement activities and ensure proper documentation is in place for audit and compliance purposes.
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• Risk Management: Monitor and mitigate settlement risks by ensuring all processes comply with regulatory and internal policies.
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• Process Improvement: Identify inefficiencies in the settlement process and work with relevant teams to implement improvements.
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• Reporting: Generate and distribute daily, weekly, and monthly settlement reports to stakeholders.
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ABOUT EIGHT ELEVEN DBA CALCULATED HIRE:

At Eight Eleven, our business is people. Relationships are at the center of what we do. A successful partnership is only as strong as the relationship built. We’re your trusted partner for IT hiring, recruiting and staffing needs.

For over 16 years, Eight Eleven has established and maintained relationships that are designed to meet your IT staffing needs. Whether it’s contract, contract-to-hire, or permanent placement work, we customize our search based upon your company's unique initiatives, culture and technologies. With our national team of recruiters placed at 21 major hubs around the nation, Eight Eleven finds the people best-suited for your business. When you work with us, we work with you. That’s the Eight Eleven promise.

Eight Eleven Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, national origin, age, sex, citizenship, disability, genetic information, gender, sexual orientation, gender identity, marital status, amnesty or status as a covered veteran in accordance with applicable federal, state, and local laws.