Fixed Income Settlements Associate

Charlotte, NC

The Role

As the Fixed Income Settlements Associate you will play a pivotal role in ensuring the seamless and efficient settlement of fixed income trades in a self-clearing environment. You will be responsible for overseeing all aspects of the settlements process, including Fed, DTC and Euroclear Settlements, along with knowledge of tri-party processing. The ideal candidate will have a minimum of 3 years of experience in a self-clearing environment and possess deep knowledge of both Fed and DTC settlements.

Key Responsibilities:

  • End-to-end fixed income settlements process, including trade confirmation, reconciliation, and exception handling.
  • Demonstrate a comprehensive understanding of all back-office functions related to fixed income trading, including trade capture, clearance, and settlement.
  • Ensure strict adherence to all relevant regulatory requirements and industry best practices, including knowledge of Fed, DTC, and Broadridge Shadow systems.
  • Continuously assess and enhance settlement processes and procedures to optimize efficiency and minimize operational risk.
  • Identify and mitigate settlement-related risks, implementing controls and safeguards as necessary.
  • Maintain effective communication with internal stakeholders, including trading desks, compliance, and risk management teams, to resolve settlement issues and address concerns promptly.

Skills / Experience:

  • Bachelor’s Degree
  • At least 3 years of industry experience in a self-clearing environment
  • In-depth knowledge of fixed income settlements processes and procedures.
  • Understanding with Fed, DTC, and Broadridge Shadow systems.
  • FINRA Series 7, 63
  • Detail-oriented with strong decision-making and analytical skills
  • Understanding of fixed income products, markets, and trading strategies is a plus
  • Strong knowledge of FINRA rules and regulations, with a focus on fixed income trading is a plus
  • Be detail oriented and creative in identifying ways we can streamline our current processes
  • Thrive in a fast-paced work environment where multi-tasking is key
  • Be a team player who can work closely with a variety of other functional areas of the firm

Compensation and Benefits

In return for long-term commitment, we offer competitive compensation, including base pay and incentive compensation (which can include equity in the firm, subject to compensation agreements) and relocation assistance. Benefits include daily breakfast and catered lunch, monthly massages, paid time off, various leaves, company-sponsored medical and dental plans, long-term disability coverage, as well as a 401(k) plan with company matching contributions.

Culture

At Millennium, you will work with intelligent, ambitious, friendly, and positive individuals. We are proud of the team and culture we have built. The office hosts amenities and activities to give our team members opportunities to get to know one another and build meaningful relationships. We have a casual dress code, and our office sports pool and ping pong tables, music, group dining tables, and various comfortable meeting areas for collaboration.

This is an on-site role in Charlotte, NC. 

Interested candidates should send resumes to recruiting@millenniumadvisors.com.

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