Settlements and Cash Specialist
Primary Talent Partners, Chesterbrook, PA, United States
Primary Talent Partners has a new contract opening for a Settlements and Cash Specialist to join a financial services company in Chesterbrook, PA. This is a 7-month contract to start with the potential for extensions.
Pay: $45.00 - $50.00/hr; W2 contract, no PTO, no Benefits. ACA-compliant supplemental package available for enrollment. Candidates must be legally authorized to work in the United States and must be able to sit on Primary Talent Partners W2 without sponsorship.
Responsibilities
Status (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigation
Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository
Adherence to client Service Level Agreements/Descriptions (SLA/SLD)
Inquiry management, with attention to established timelines
Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls
Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager
Elevate potential risk - client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy
Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines
Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.
Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)
Actively participate and contribute to personal development and career development alongside the team lead/manager - training courses, research, client initiatives, etc.
Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams
Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery
Actively participate in projects - independently, with team/partners, and regionally
Minimum Required Qualifications
College/University degree
Experience in the financial services industry at a bank/broker, service provider or as a custodian
Familiarity with the trade lifecycle and industry participants to the process flow
Fed direct participant experience - 1 years or more
Preferred Qualifications
SWIFT messaging - securities, cash, reporting and FX message types
Client or Operational support experience for global agent network
Background in project lifecycle participation, delivery and reporting
Fedwire or CHIPs funds transfer experience
DTC experience (or global depository, ICSD)
Primary Talent Partners is an Equal Opportunity / Affinitive Action employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity, or any other factor protected by applicable federal, state, or local laws.
If you are a person with a disability needing assistance with the application or at any point in the hiring process, please contact us at info@primarytalentpartners.com.
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Pay: $45.00 - $50.00/hr; W2 contract, no PTO, no Benefits. ACA-compliant supplemental package available for enrollment. Candidates must be legally authorized to work in the United States and must be able to sit on Primary Talent Partners W2 without sponsorship.
Responsibilities
Status (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigation
Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository
Adherence to client Service Level Agreements/Descriptions (SLA/SLD)
Inquiry management, with attention to established timelines
Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls
Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager
Elevate potential risk - client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy
Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines
Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.
Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)
Actively participate and contribute to personal development and career development alongside the team lead/manager - training courses, research, client initiatives, etc.
Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams
Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery
Actively participate in projects - independently, with team/partners, and regionally
Minimum Required Qualifications
College/University degree
Experience in the financial services industry at a bank/broker, service provider or as a custodian
Familiarity with the trade lifecycle and industry participants to the process flow
Fed direct participant experience - 1 years or more
Preferred Qualifications
SWIFT messaging - securities, cash, reporting and FX message types
Client or Operational support experience for global agent network
Background in project lifecycle participation, delivery and reporting
Fedwire or CHIPs funds transfer experience
DTC experience (or global depository, ICSD)
Primary Talent Partners is an Equal Opportunity / Affinitive Action employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity, or any other factor protected by applicable federal, state, or local laws.
If you are a person with a disability needing assistance with the application or at any point in the hiring process, please contact us at info@primarytalentpartners.com.
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