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SMBC Settlement Associate in White Plains, New York


The Settlement Associate has the primary responsibility for clearing daily billions dollars in value daily. Having the authority to make quick clearance decisions on a daily basis. Ensures that all client transactions are escalated and thoroughly investigated and timely resolved, ensuring that the Settlements manager and Executive Director are informed with written details and notiied of any potential risk issues.


Responsible for the daily settlements of Fixed Income securities FED -MBS - utilizing the Bank of NY's various clearing systems.

  • Interacts daily with Repo and Trading Desk along with Middle Office

  • Perform daily cash and position reconciliation.

  • Responsible for initiating pair-offs which reduces settlement exposure to the firm.

  • Monitors DOD to reduce daily charges imposed by BONY.

  • Provides comprehensive service for our internal/external clients.

  • Understands and follows all Regulatory and Compliance guidelines.

  • Produce procedures and ensures they are updated accordlying.

  • Generates and save various settlements reports that must be distributed to various teams.

  • Compile an analyze data for settlements.

  • Input data for Treasury Auctions


  • Extensive knowledge of Settlements, Broadridge and Bank of NY systems.

  • Abiliity to identify problems as they arise and prioritize what needs to be escalated.

  • Proficient at dealing with high volume of cash/repo transactions which are time-sensitive under Fed guidelines.

  • Detailed, thorough, and efficient with good analytical skills, understanding operations is First Line of Defence and customers are our highest priorty.

  • Ability to multi task and work under pressure in a team environment and adaptable to changes.

  • Ability to inject ideas and follow compliance and regulatory guidelines.

  • Knowledge of FED-MBS is primary and a bonus to have DTC/ Euroclear knowledge.

  • Treasury Auctions experience

Job Locations US-NY-White Plains

Posting Date 3 days ago (5/4/2021 4:31 PM)

Career Category Operations

iCIMS ID 2021-9237

Corporate Title Associate

Type Fulltime-Regular

SMBC is an EO employer – M/F/Veteran/Disability