Settlement & Reconciliation Specialist I
Corient Capital Partners, Chicago, IL, United States
Join Our Team At Corient
At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you. Key Responsibilities
Trade Lifecycle Management Process and book daily trades for all fixed income securities processed by the team. Ensure accurate and timely trade notifications to custodians, brokers, and internal systems. Monitor, match, and affirm DTC (The Depository Trust Company) confirms. Communication & Coordination Serve as the primary contact for high-volume inquiries from brokers, custodians, and internal teams. Collaborate with traders, operations teams, and counterparties to prevent and resolve settlement issues. Serve as the primary backup for both fixed income and equity settlements, providing coverage for either function during colleague absences. Reconciliation & Data Accuracy Perform daily and monthly reconciliations to confirm internal records match custodian and counterparty data. Identify, investigate, and resolve breaks with a strong focus on root-cause prevention. Exception & Fail Management Research and resolve complex settlement issues, including trade fails, discrepancies, and unmatched confirmations. Proactively follow up with counterparties on missing or incorrect documentation. Systems & Data Maintenance Maintain and update standard settlement instructions (SSIs) for broker banks within internal systems and custodians on ALERT. Specialized Account Handling Conduct manual reconciliations for accounts requiring physical or paper-based documentation. Required Qualifications
Technical Skills Proficiency with Excel; strong typing speed and data-entry accuracy. Ability to learn and navigate trade processing and reconciliation systems. Operational Skills Strong deadline management and ability to meet strict market settlement windows. High attention to detail and commitment to minimizing operational risk. Soft Skills Excellent problem-solving abilities and comfort working in a fast-paced environment. Strong organizational skills with the ability to manage multiple tasks simultaneously. Communication Skills Clear and professional written and verbal communication with brokers, banks, and internal stakeholders. Confidence in asking questions, escalating issues, and collaborating across teams. Preferred Qualifications
Experience in trade operations, settlements, or reconciliation. Exposure to fixed income products (corporates, municipals, treasuries, mortgage-backed securities). Familiarity with DTC, ALERT and custodial platforms. Experience in an RIA, asset manager, or broker-dealer environment. Pay Information
This position is non-exempt and is paid according to the laws of the State of Illinois. The pay range for this position is $25.00 - $31.00 USD per hour. Physical Requirements
This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible. This position may require the ability to lift up to 15 pounds. This position is required to work onsite 4 days per week. U.S. Eligibility Requirements
Must be 18 years of age or older. Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization. Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. What You Can Expect from Us
Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through: 401(k) Plan with Employer Matching Four Medical Plan options that is generously subsidized by Corient Employer paid Dental, Vision & Life and AD&D Insurance Employer paid Short-term & Long-term Disability Paid Maternity & Parental Leave Flexible Spending Accounts & Health Savings Accounts Dependent Care FSA Commuter & Transit FSA Corporate Discount Program - Perkspot Training Reimbursement Paid Professional Designations Giving back to the community - Volunteer days About Corient
Corient is one of the fastest-growing wealth management platforms in the United States. We have over 40 offices located across the country that serve more than 15,000 clients and manage over $220 billion in client assets. We combine a boutique's personal service, creativity and objective advice with the extensive resources and vast intellectual capital of an innovative industry leader to create a profoundly different wealth management experience for our clients. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities. We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.
At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you. Key Responsibilities
Trade Lifecycle Management Process and book daily trades for all fixed income securities processed by the team. Ensure accurate and timely trade notifications to custodians, brokers, and internal systems. Monitor, match, and affirm DTC (The Depository Trust Company) confirms. Communication & Coordination Serve as the primary contact for high-volume inquiries from brokers, custodians, and internal teams. Collaborate with traders, operations teams, and counterparties to prevent and resolve settlement issues. Serve as the primary backup for both fixed income and equity settlements, providing coverage for either function during colleague absences. Reconciliation & Data Accuracy Perform daily and monthly reconciliations to confirm internal records match custodian and counterparty data. Identify, investigate, and resolve breaks with a strong focus on root-cause prevention. Exception & Fail Management Research and resolve complex settlement issues, including trade fails, discrepancies, and unmatched confirmations. Proactively follow up with counterparties on missing or incorrect documentation. Systems & Data Maintenance Maintain and update standard settlement instructions (SSIs) for broker banks within internal systems and custodians on ALERT. Specialized Account Handling Conduct manual reconciliations for accounts requiring physical or paper-based documentation. Required Qualifications
Technical Skills Proficiency with Excel; strong typing speed and data-entry accuracy. Ability to learn and navigate trade processing and reconciliation systems. Operational Skills Strong deadline management and ability to meet strict market settlement windows. High attention to detail and commitment to minimizing operational risk. Soft Skills Excellent problem-solving abilities and comfort working in a fast-paced environment. Strong organizational skills with the ability to manage multiple tasks simultaneously. Communication Skills Clear and professional written and verbal communication with brokers, banks, and internal stakeholders. Confidence in asking questions, escalating issues, and collaborating across teams. Preferred Qualifications
Experience in trade operations, settlements, or reconciliation. Exposure to fixed income products (corporates, municipals, treasuries, mortgage-backed securities). Familiarity with DTC, ALERT and custodial platforms. Experience in an RIA, asset manager, or broker-dealer environment. Pay Information
This position is non-exempt and is paid according to the laws of the State of Illinois. The pay range for this position is $25.00 - $31.00 USD per hour. Physical Requirements
This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible. This position may require the ability to lift up to 15 pounds. This position is required to work onsite 4 days per week. U.S. Eligibility Requirements
Must be 18 years of age or older. Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization. Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. What You Can Expect from Us
Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through: 401(k) Plan with Employer Matching Four Medical Plan options that is generously subsidized by Corient Employer paid Dental, Vision & Life and AD&D Insurance Employer paid Short-term & Long-term Disability Paid Maternity & Parental Leave Flexible Spending Accounts & Health Savings Accounts Dependent Care FSA Commuter & Transit FSA Corporate Discount Program - Perkspot Training Reimbursement Paid Professional Designations Giving back to the community - Volunteer days About Corient
Corient is one of the fastest-growing wealth management platforms in the United States. We have over 40 offices located across the country that serve more than 15,000 clients and manage over $220 billion in client assets. We combine a boutique's personal service, creativity and objective advice with the extensive resources and vast intellectual capital of an innovative industry leader to create a profoundly different wealth management experience for our clients. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities. We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.