Settlements Associate

Settlements Associate

Our client is one of the largest interdealer brokers in the industry. Our client supports career progression through training and hands-on experience.

Job Description

Ensure accurate and timely settlement of financial transactions in compliance with industry regulations. Reconcile discrepancies and resolve settlement issues with counterparties and internal teams. Monitor and process payments, ensuring adherence to established deadlines. Maintain and update transaction records in the system for audit and reporting purposes. Collaborate with other departments to enhance settlement processes and minimize operational risk. Review and validate contracts to confirm fee percentages and accuracy of terms. Provide support for month-end and year-end financial reconciliation activities. Stay updated on regulatory changes impacting settlement processes and implement necessary adjustments.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

A successful Settlements Associate should have :

• Experience in banking and financial services, particularly in settlement processes.
• Strong analytical skills with the ability to identify and resolve discrepancies efficiently.
• Familiarity with financial systems and transaction platforms.
• Knowledge of compliance and regulatory requirements in the financial industry.
• Excellent communication skills to interact with internal and external stakeholders.
• Proficiency in Microsoft Excel and other relevant software tools.
• A proactive approach to problem-solving and a keen eye for detail.

What's on Offer

Competitive salary range of $70,000 to $90,000 annually, depending on experience. Comprehensive benefits package, including health insurance and retirement plans. Opportunities for professional growth and development within the financial services industry. Supportive and structured work environment in New York. Potential for performance-based incentives and bonuses.

If you're ready to take the next step in your career as a Settlements Associate, we encourage you to apply today!