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Job Ref: 15122
Salary: $100000 – $115000
Settlements Specialist – Operations
Location: New York, NY
Department: Operations & Settlements
Employment Type: Full-Time. HYBRID. # days in office 2 days work from home
About the Role
Our client, a well-established foreign bank with a New York branch, is seeking a Settlements Specialist to join its Operations & Settlements team. This role is ideal for a detail-oriented operations professional who enjoys working across multiple financial products in a fast-paced, highly regulated banking environment.
You will play a key role in ensuring the accurate and timely processing of settlements across securities, derivatives, money markets, and foreign exchange, while working closely with Treasury and internal stakeholders.
Key Responsibilities
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Process and settle a variety of financial products, including:
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Interest Rate Swaps
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Securities purchases and sales
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Certificates of Deposit (CDs) and Commercial Paper trades
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Review, process, and confirm FX, money market, derivative, and securities transactions.
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Enter and verify SWIFT payments, ensuring accuracy and compliance with OFAC regulations.
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Monitor daily account positioning across multiple currencies.
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Partner with Treasury to ensure accurate Nostro account balances.
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Reconcile and validate trade confirmations using industry utilities and internal systems.
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Support day-to-day operational controls and assist with additional assignments as directed by management.
What We’re Looking For
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Bachelor’s degree in Finance, Accounting, Economics, or a related field.
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2–4 years of experience in financial services operations, settlements, or trade support.
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Working knowledge of:
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SWIFT messaging
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Securities and settlement processes
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Industry utilities such as DTCC, Euroclear, or similar platforms
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Strong attention to detail and ability to manage multiple transactions simultaneously.
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Comfortable working as an individual contributor in a regulated banking environment.
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Strong communication skills and the ability to collaborate with internal teams.
Why This Opportunity
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Exposure to a foreign bank operating in the U.S. market
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Broad product coverage across securities, FX, derivatives, and money markets
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Stable role within a core banking operations function
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Opportunity to deepen technical expertise in settlements and controls
Salary range $100-115K Plus bonus and competitive benefits package. Hybrid role 3 days in office 2 home
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