Specialist, Settlement

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I Understand Loading Please Wait Specialist, Settlement Job Tracking ID :

512079-911323

Job Location :

Jersey City, NJ Job Level :

Any Level of Education :

Any Job Type :

Temporary Date Updated :

05/11/2026

Years of Experience :

Any Starting Date :

ASAP Invite a friend Back to job search Job Description Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We are hiring an experienced Settlements Specialist to join our team temporarily while a colleague is on a leave of absence. The position is responsible for supporting settlement of all Fed eligible Fixed Income securities through firm's clearing bank & settlement of all Foreign Equity, Corporate Bonds & Private placements via Foreign Markets and Euroclear. •

NOTE THIS IS A TEMPORARY POSITION WITH POSSIBLE CONVERSION IN THE FUTURE

•Responsibilities will include, but are not limited to: Ensure all trades for settlements feed to Bk of NY Federal reserve clearing system Process daily Repo related margin calls including coordination with Cash Management and the Repo trading desk Collateralize all daily TriParty Repo agreements including resolving for any intra-day discrepancies Analyze and report intra-day real time securities fails and recommends covers to minimize negative fail carry and avoid TMPG charges Work with clients and street counterparties to confirm fails, maximize potential partial deliveries, and process daily pair-off activity Reconcile daily suspense, pair-off and write-off accounts for FIS P3 and Beta Create and distribute daily intra-day BNY cash position and end of day fails reports Process and settle all foreign trades via Citibank local market and Euroclear Easyway system in a timely matter. Reflect all settlements in internal Phase 3/Beta system Process settled FX to client accounts Facilitate settlement on emails sent by middle office/front office as well as Trade support & CSD Send/Receive SPO for balance order trades which have settled free of payment in the foreign markets. Reflect settled SPOs in Phase 3 accordingly Investigate and resolve any discrepancies sent by other teams Process cleanups for 15A6 trades Monitor and resolve Stock Record and cash breaks daily Process Reorg/Dividend shares and money to their suspense accounts Perform all Wedbush compliance training and attestations in a timely matter Perform other tasks and duties as required and assigned Experience and Skills Strong Knowledge of Fed Book entry , BNY

BDC, BNY

Access Edge, FIS P3, Beta, DTCC/RTTM Knowledge of trade cycle from execution to settlement Ability to interpret stock record Proficient in Microsoft Office (Outlook, Word, Excel) Organized, detail oriented, and ability to prioritize daily work flow Strong verbal and written communication skills Strong analytical, problem-solving, and critical-thinking skills Ability to work in a constant state of alertness and safe manner What We Offer Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed. The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $25.00 to $34.00. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs. Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here.

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//www.e-verify.gov/employees/e-verify-overview This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.