DTCC SETTLEMENTS/BUY-IN ASSOCIATE
Millennium Advisors, LLC, Charlotte, North Carolina, United States, 28245
DTCC Settlements/Buy-In Associate
Location: Charlotte, NC (on-site)
About Us Millennium Advisors is a global leading technology-driven broker‑dealer specializing in providing liquidity in fixed‑income securities, including corporate and municipal bonds, treasuries, fixed‑income ETFs and MBS. Millennium Advisors is headquartered in Charlotte, North Carolina, with offices in London and Singapore. Founded in 2009, Millennium has consistently ranked among the top 10 trading firms by par amount and trade volume for both high‑yield and investment‑grade bonds. We leverage superior trading technology and data modeling to create a high‑margin, high‑productivity business model. Our trading counterparties include institutional investors, asset managers, banks, registered investment advisors, wealth managers, insurance companies and other broker‑dealers.
Role We are seeking a detail‑oriented and proactive DTCC Settlements/Buy‑In Associate to join our Operations team. This role plays a critical part in supporting our fixed‑income trading desks and post‑trade lifecycle workflow. Primary emphasis will be on monitoring settlement transactions and fails, confirming and matching trades with counterparties, and proactively managing the firm buy‑in process. The ideal candidate will have experience in settlement and buy‑in workflows with an understanding of trade lifecycle management, and a commitment to operational excellence.
Key Responsibilities
Monitor DTC settlement activity to ensure fails‑to‑deliver and fails‑to‑receive positions are resolved in a timely and accurate manner.
Review fixed‑income trading activity to confirm transactions are properly matched and settled with trading counterparties.
Communicate with internal teams and external counterparties to investigate, elevate, and resolve settlement‑related inquiries and issues.
Perform daily cash and position reconciliations to ensure the accuracy and integrity of books and records.
Process and manage the daily buy‑in workflow to mitigate market and operational risk for Millennium.
Qualifications
Bachelor’s degree in Finance, Economics, Business, or related field.
1‑3 years of experience in a Settlement or Buy‑In related role, with exposure to fixed‑income products.
Solid understanding of DTC Settlements and post‑trade lifecycle workflows.
Be detail‑oriented and creative in identifying ways to streamline current processes.
Excellent communication skills with internal and external counterparties.
Thrive in a fast‑paced work environment where multi‑tasking is key.
Be a team player who can work closely with a variety of functional areas of the firm.
Preferred Skills
Direct experience using DTC Settlement Web, SMART/TRACK for Buy‑Ins, and ALERT products.
Understanding of Broadridge Shadow system.
Compensation and Benefits In return for a long‑term commitment, Millennium Advisors offers a highly competitive compensation package that includes base salary commensurate with experience, incentive compensation, and potentially equity. Benefits include:
Daily breakfast and lunch (Charlotte)
Monthly massages (Charlotte)
Paid time off and various leave options
Company‑sponsored medical and dental plans
401(k) (US) / Pension plan (UK) with company matching contributions
Culture At Millennium, you’ll join a team of intelligent, ambitious, and positive professionals in an environment that fosters collaboration and innovation. Our Charlotte office features amenities such as a pool, ping‑pong tables, music, and comfortable spaces for meetings and team activities. We maintain a casual dress code and a strong focus on building meaningful relationships among team members. We are committed to building an outstanding small‑company culture where people like to work, like each other, are intellectually challenged, can exercise creative and entrepreneurial interests, and still have a life outside of work.
How to Apply Interested candidates should submit their resume and a cover letter via this link: https://millenniumadvisors.recruitee.com/o/dtcc-settlementsbuy-in-associate
#J-18808-Ljbffr
About Us Millennium Advisors is a global leading technology-driven broker‑dealer specializing in providing liquidity in fixed‑income securities, including corporate and municipal bonds, treasuries, fixed‑income ETFs and MBS. Millennium Advisors is headquartered in Charlotte, North Carolina, with offices in London and Singapore. Founded in 2009, Millennium has consistently ranked among the top 10 trading firms by par amount and trade volume for both high‑yield and investment‑grade bonds. We leverage superior trading technology and data modeling to create a high‑margin, high‑productivity business model. Our trading counterparties include institutional investors, asset managers, banks, registered investment advisors, wealth managers, insurance companies and other broker‑dealers.
Role We are seeking a detail‑oriented and proactive DTCC Settlements/Buy‑In Associate to join our Operations team. This role plays a critical part in supporting our fixed‑income trading desks and post‑trade lifecycle workflow. Primary emphasis will be on monitoring settlement transactions and fails, confirming and matching trades with counterparties, and proactively managing the firm buy‑in process. The ideal candidate will have experience in settlement and buy‑in workflows with an understanding of trade lifecycle management, and a commitment to operational excellence.
Key Responsibilities
Monitor DTC settlement activity to ensure fails‑to‑deliver and fails‑to‑receive positions are resolved in a timely and accurate manner.
Review fixed‑income trading activity to confirm transactions are properly matched and settled with trading counterparties.
Communicate with internal teams and external counterparties to investigate, elevate, and resolve settlement‑related inquiries and issues.
Perform daily cash and position reconciliations to ensure the accuracy and integrity of books and records.
Process and manage the daily buy‑in workflow to mitigate market and operational risk for Millennium.
Qualifications
Bachelor’s degree in Finance, Economics, Business, or related field.
1‑3 years of experience in a Settlement or Buy‑In related role, with exposure to fixed‑income products.
Solid understanding of DTC Settlements and post‑trade lifecycle workflows.
Be detail‑oriented and creative in identifying ways to streamline current processes.
Excellent communication skills with internal and external counterparties.
Thrive in a fast‑paced work environment where multi‑tasking is key.
Be a team player who can work closely with a variety of functional areas of the firm.
Preferred Skills
Direct experience using DTC Settlement Web, SMART/TRACK for Buy‑Ins, and ALERT products.
Understanding of Broadridge Shadow system.
Compensation and Benefits In return for a long‑term commitment, Millennium Advisors offers a highly competitive compensation package that includes base salary commensurate with experience, incentive compensation, and potentially equity. Benefits include:
Daily breakfast and lunch (Charlotte)
Monthly massages (Charlotte)
Paid time off and various leave options
Company‑sponsored medical and dental plans
401(k) (US) / Pension plan (UK) with company matching contributions
Culture At Millennium, you’ll join a team of intelligent, ambitious, and positive professionals in an environment that fosters collaboration and innovation. Our Charlotte office features amenities such as a pool, ping‑pong tables, music, and comfortable spaces for meetings and team activities. We maintain a casual dress code and a strong focus on building meaningful relationships among team members. We are committed to building an outstanding small‑company culture where people like to work, like each other, are intellectually challenged, can exercise creative and entrepreneurial interests, and still have a life outside of work.
How to Apply Interested candidates should submit their resume and a cover letter via this link: https://millenniumadvisors.recruitee.com/o/dtcc-settlementsbuy-in-associate
#J-18808-Ljbffr