Assoc Director - Mid Office - Cap Mrkts
Huntington Bancshares, Inc., Huntington, NY, United States
Description
The Huntington Securities, Inc. (HSI) Trade Settlements Specialist is responsible for ensuring the accurate and timely settlement of securities transactions across multiple asset classes and markets. In addition, the incumbent would be responsible for Fedwire processing, Equity Capital Markets settlement support, and Regulatory Trade Reporting. This role involves close coordination with internal teams, custodians, clearing firms, clients and external counterparties to resolve trade discrepancies, manage risk, facilitate wire requests as needed, support trade operations, and maintain compliance with regulatory reporting requirements.
Duties & Responsibilities
Monitor trade affirmations to comply with T+1 regulations
Ensure timely and accurate settlement of trades, while mitigating operational risk
Process and reconcile daily trade settlements in a timely and accurate manner
Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary
Conduct thorough research and analysis to identify and resolve any discrepancies in trade settlements
Collaborate with various internal teams to ensure smooth settlement processes
Develop and maintain strong relationships with external clients and counterparties to facilitate efficient settlement processes
Utilize a strong understanding of financial markets to identify and mitigate potential operational risks
Stay up to date on industry regulations and compliance requirements related to trade settlements
Create and maintain detailed documentation of settlement processes and procedures
Communicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlements
MBS/ABS settlements knowledge to include Reg S to 144A conversions and factor changes
Provide support to other team members and assist with ad hoc projects as needed
Validate and reconcile MSRB, TRACE, and CAT regulatory trade reporting
Support Equity Corporate Buyback settlement
Work with audit or risk colleagues to provide information and test internal controls
Performs other duties as assigned
Basic Qualifications
Bachelor’s Degree
2 or more years experience in trade operations, settlements, or allocations
FINRA Series 7
Preferred Qualifications
An additional 5 years’ experience in product area may be considered in lieu of Bachelor’s degree
Collaborate with team members to ensure accurate and timely securities trade and settlement processing
Resolve operational or trading issues by coordinating with other departments and external parties
Complete in-depth investigations for all trade exceptions, both internally and with a clearing firm, to create timely resolutions
Experience working with mortgage products, including TBA and Pools
Oversee successful settlement of DTCC, FICC and Fedwire trades
Manage daily margin activity and collateral exchange
Experience with regulatory trade reporting
Knowledge of securities regulations, compliance, and industry standards.
Ability to manage multiple priorities in a fast-paced environment; adaptive to change
Ability to create and foster strong partnerships with business partners and work well in a team environment
Detail oriented with strong organizational skills
Bloomberg/TOMS experience
Strong understanding of securities markets and trade settlement processes
Analytical, problem-solving, and communication skills
Exempt Status:
Yes (not eligible for overtime pay) / No (eligible for overtime pay).
Workplace Type:
Office
Our Approach to Office Workplace Type: Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual. The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters:
Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
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Duties & Responsibilities
Monitor trade affirmations to comply with T+1 regulations
Ensure timely and accurate settlement of trades, while mitigating operational risk
Process and reconcile daily trade settlements in a timely and accurate manner
Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary
Conduct thorough research and analysis to identify and resolve any discrepancies in trade settlements
Collaborate with various internal teams to ensure smooth settlement processes
Develop and maintain strong relationships with external clients and counterparties to facilitate efficient settlement processes
Utilize a strong understanding of financial markets to identify and mitigate potential operational risks
Stay up to date on industry regulations and compliance requirements related to trade settlements
Create and maintain detailed documentation of settlement processes and procedures
Communicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlements
MBS/ABS settlements knowledge to include Reg S to 144A conversions and factor changes
Provide support to other team members and assist with ad hoc projects as needed
Validate and reconcile MSRB, TRACE, and CAT regulatory trade reporting
Support Equity Corporate Buyback settlement
Work with audit or risk colleagues to provide information and test internal controls
Performs other duties as assigned
Basic Qualifications
Bachelor’s Degree
2 or more years experience in trade operations, settlements, or allocations
FINRA Series 7
Preferred Qualifications
An additional 5 years’ experience in product area may be considered in lieu of Bachelor’s degree
Collaborate with team members to ensure accurate and timely securities trade and settlement processing
Resolve operational or trading issues by coordinating with other departments and external parties
Complete in-depth investigations for all trade exceptions, both internally and with a clearing firm, to create timely resolutions
Experience working with mortgage products, including TBA and Pools
Oversee successful settlement of DTCC, FICC and Fedwire trades
Manage daily margin activity and collateral exchange
Experience with regulatory trade reporting
Knowledge of securities regulations, compliance, and industry standards.
Ability to manage multiple priorities in a fast-paced environment; adaptive to change
Ability to create and foster strong partnerships with business partners and work well in a team environment
Detail oriented with strong organizational skills
Bloomberg/TOMS experience
Strong understanding of securities markets and trade settlement processes
Analytical, problem-solving, and communication skills
Exempt Status:
Yes (not eligible for overtime pay) / No (eligible for overtime pay).
Workplace Type:
Office
Our Approach to Office Workplace Type: Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual. The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters:
Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
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