Settlement Analyst at Calculated Hire Settlement Analyst at Calculated Hire in Des Plaines, Illinois Posted in 12 days ago.

Type:

full-time 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:

Education:

Bachelor's degree in Finance, Business, Economics, or a related field.

Experience:

Minimum of 2-4 years of experience in trade settlements, preferably with a focus on TBA or fixed-income securities.

Knowledge:

Strong understanding of TBA markets, mortgage-backed securities (MBS), and related settlement procedures.

Skills:

Proficiency in settlement systems and trading platforms. Strong analytical and problem-solving skills. Excellent communication and interpersonal skills. Attention to detail and a high level of accuracy. Ability to work under pressure and meet tight deadlines.

Preferred Qualifications:

Certifications:

Professional certifications such as CFA, CPA, or relevant industry certifications are a plus.

Technical Skills:

Experience with

ICI, Broadridge, Impact Additional Skills:

Knowledge of regulatory requirements related to trade settlements and experience in process improvement initiatives.

Responsibilities:

Trade Settlement:

Oversee the settlement process for TBA trades, ensuring all trades are settled accurately and on time.

Reconciliation:

Conduct daily reconciliation of trade positions, identifying and resolving discrepancies promptly.

Communication:

Liaise with trading desks, counterparties, clearinghouses, and custodians to resolve settlement issues and discrepancies.

Documentation:

Maintain accurate records of all settlement activities and ensure proper documentation is in place for audit and compliance purposes.

Risk Management:

Monitor and mitigate settlement risks by ensuring all processes comply with regulatory and internal policies.

Process Improvement:

Identify inefficiencies in the settlement process and work with relevant teams to implement improvements.

Reporting:

Generate and distribute daily, weekly, and monthly settlement reports to stakeholders.

ABOUT EIGHT ELEVEN DBA CALCULATED HIRE

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