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Operations Settlements/Analyst Risk Retention

Company: Nearwater Capital
Location: New York
Posted on: May 6, 2021

Job Description:

Company Overview: Nearwater Capital is a specialty finance company that is focused on providing asset-based financing solutions.--Our business is segmented into two core business lines: Risk Retention Solutions, and Liquid Markets.Role: Operations and Settlements supporting the Risk Retention business for settlement of purchases and sales of securities, invoicing and other reporting requirements.Job Description:The role is directly responsible for ensuring the accurate and timely settlement of security purchases and sales, repo transactions, invoicing and other reporting requirements.--This will require coordinating between our third-party custodian bank, counterparties and trading teams. Duties will include but not be limited to:* Communicating with securities custodians to affect purchase of securities, wires and other related securities settlement and administrative activities* Monitor all trade settlements and coordinate with custodian and counterparties to address any settlement issues* Confirm security settlements and cash flows with custodian bank and counterparties* Ensure management is apprised of current settlement status and escalate issues as needed* Coordinate with accounting team to ensure all required information to book transactions* Ensure invoices are sent to clients on a timely basis* Work with service providers to ensure regulatory reporting requirements are met* Monitor bank accounts for incoming payments and follow up with counterparties for missing/ late payments* Provide trading desk with end of day positions* Special ProjectsIn addition, the role will provide back up support to the settlement process for the Risk Retention business. Skills and Experience:* Bachelor's degree or equivalent background / experience* 2-5 years of direct experience in a financial services organization performing fixed income operations and settlements* Experience with DTC, Euroclear and fed wire settlements a plus* Excellent organizational skills and superior problem-solving capabilities* Strong verbal and written communication skills* Team player* Must be detail oriented with ability to multi-task and prioritize appropriately* Advanced knowledge of Microsoft office and PC applications.

Keywords: Nearwater Capital, New York , Operations Settlements/Analyst Risk Retention, Professions , New York, New York

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