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Settlement Specialist

Alliance Sourcing Network

  • Iselin, NJ
  • 3 days ago

    Highlights

    TMPG is the financial operational workflow used to calculate, issue, track, and settle monetary compensation claims for delivery failures in U.S. Treasury, agency debt, and agency mortgage-backed securities (MBS) markets. PAIR-OFFS: MONITORING AND PROCESSING OF CUSTOMER PAIR-OFFS , INCLUDING CANCELLATION OF TRADES TRANSMITTED DTCC TO AFFECT PAIR-OFF WIRE PAYMENT.
    Alliance Sourcing Network

    Numbers & Facts

    LocationIselin, NJ
    IndustryStaffing/Employment Agencies
    Company Size10,000 employees or more
    Websitehttp://www.asn-corp.com/index.html

    Description

    Summary
    " Processing of all eligible securities through the DTCC processing system. Candidate must have thorough knowledge of the PTS (participant terminal service) system and all related functionality

    DAILY RESPONSIBILITIES: DTCC SETTLEMENTS SPECIALIST

    SENIOR ASSOCIATE DTCC SETTLEMENTS/BACK OFFICE SETTLEMENTS TEAM

    CANDIDATE WILL WORK WITHIN THE EXISTING DOMESTIC SETTLEMENTS TEAM AT METROPARK

    NEEDS TO HAVE SPECIFIC WORKING KNOWLEDGE OF DTCC PORTAL, ALL SETTLEMENTS FUNCTIONALITY

    MUST ALSO HAVE KNOWLEDGE OF TMPG CLAIMS PROCESSING
    ***** TMPG is the financial operational workflow used to calculate, issue, track, and settle monetary compensation claims for delivery failures in U.S. Treasury, agency debt, and agency mortgage-backed securities (MBS) markets.
    It is governed by the guidelines of the Treasury Market Practices Group (TMPG) . [ 1 , 2 , 3 , 4 , 5 ]


    PRODUCTS: CORPORATE BONDS AND EQUITIES; SOME US Treasury FIXED INCOME


    ADDITIONAL KNOWLEDGE:
    TRADE PROCESSING- PROCESSING OF CASH TRADES (BUYS/SELLS) AND REPO TRANSACTIONS CLEARING THROUGH DTCC.

    PAIR-OFFS: MONITORING AND PROCESSING OF CUSTOMER PAIR-OFFS, INCLUDING CANCELLATION OF TRADES TRANSMITTED DTCC TO AFFECT PAIR-OFF WIRE PAYMENT.

    SYSTEMS: KNOWLEDGE OF DTCC SYSTEM AND PROCESSING FUNCTIONS. FIS PHASE3 SYSTEM A PLUS

    INTERACTION: HIGH VOLUME PROCESSING AND KNOWLEDGE OF DEADLINES;
    CONSTANT INTERACTION WITH MIDDLE OFFICE AND FRONT OFFICE TEAMS.


    TASKS:
    " Processing of all eligible securities through the DTCC processing system. Candidate must have thorough knowledge of the PTS (participant terminal service) system and all related functionality.

    This includes the following:
    " Settle securities transactions by processing deliver orders (DOs)
    " Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs)
    " Pledge securities to pledgees for collateral through the collateral loan system
    " Pledge securities to the Options Clearing Corporation (OCC) to meet OCC margin requirements
    " Protect customer fully-paid-for positions and manage firm positions through the use of segregation and memo segregation procedures
    " Call and confirm all pending and unmatched trades to ensure timely settlement.

    " Reconciliation of securities positions and cash movements between DTCC & Phase3.

    About Company

    At Alliance Sourcing Network we are committed to providing a variety of staffing and recruiting solutions. We specialize in the placement of Technical and Professional Consultants. We offer direct placement, contract to hire, and consulting solutions. Our professionals have served the needs of many industries including: Financial Advertising Construction Insurance Manufacturing Medical Energy Pharmaceutical Telecommunications Transportation At Alliance Sourcing Network we have the capability and functionality with our staff to customize our services to meet your specific needs. We are committed to providing your business with the right solution. Because every client situation is unique, Alliance Sourcing Network provides many staffing options and a range of related services to address your human resources requirements. These include: Contract Staff Augmentation Contract-to-Hire Staffing Direct Placement Payroll Services Pre-Employment Drug Testing and Background Investigation Services Pre – Employment Skills Testing Vendor Management Solutions Strategic Sourcing and Procurement Does this sound like a company you would want working for you? Do not hesitate to contact our office at 201-438-2005 to schedule a fee consultation; whether you are looking to hire or advance in your career. We can strategize The Complete Sourcing Solution!

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