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moomoo · 1 week ago

Settlements Associate

Jersey City, NJ

Full-time

Onsite

Entry, Mid Level

$80K/yr - $110K/yr

2+ years exp

Futu US Inc. is a leader in financial services, operating under the reputable Futu Holdings Limited. The Settlements Associate is responsible for the clearance and settlement of various products in both the US and International markets, ensuring timely trade settlements and collaborating with various teams to resolve issues and improve processes.

Financial ServicesFinTech

Responsibilities

Daily clearance and settlement of Equity

Ensure timely settlement of trades

Instruct, monitor, and settle both free of payment and payment balance order

Security master updates and corporate action processing

Monitor and resolve suspense items and investigate position breaks

Liaise with Middle Office to remediate any settlement issues

Liaise with counterparties regarding unmatched trade instructions/details and escalate issues in a timely manner

Support the business to process requests timely and efficiently

Proactively mitigate risk by reviewing and improving procedures and processes

Generate and save various settlements reports that must be distributed to various teams

Understands and follows all Regulatory and Compliance guidelines

Understanding of RegSHO 204 and 15C3 segregation rule is a plus

Collaborate with IT to identify and implement improvement opportunities

Perform and assume other duties as needed

Qualification

Back Office experienceFinancial Markets knowledgeMicrosoft Excel proficiencyCorporate Actions experienceRegulatory Compliance knowledgeAnalytical skillsProblem solving skillsInterpersonal skillsCommunication skillsAttention to detailOrganizational skills

Required

2+ years of experience in Back Office (Clearing, Corporate Actions, Settlements, etc.), Banking, Brokerage, Financial, and/or Operations environment

Bachelor's Degree or equivalent experience in Finance

Familiar with Financial Markets and instruments, specifically Equities and Options

Knowledge of basic accounting principles

Solid analytical and problem solving skills

Great interpersonal skills

Excellent communication skills (written and verbal)

Strong attention to detail

Able to work with and coordinate with team members within the department as well as other areas of Operations

Highly organized and able to prioritize multiple tasks with minimal overview

Strong to moderate skills in Microsoft Excel (Able to create spreadsheets, write Macros, run Pivot Tables, Etc.)

Preferred

Any prior experience in Corporate Actions, DTC settlements, Securities Lending and/or Account Transfers (ACATS)

Active FINRA Series 99 or higher licensing

Benefits

Comprehensive Paid Medical Benefits: We prioritize your health with a robust medical benefits plan that covers you and your dependents

401k Employer Contribution: We match your contributions to help you grow your retirement savings

Generous Paid Time Off & Paid Holidays: Take the time you need to recharge and pursue your passions with our generous paid time off policy

Opportunities for Professional Growth & Development: Invest in your future through hands-on learning, skill-building, and cross-functional work

Performance Based Bonuses: Your hard work deserves recognition! Enjoy performance-based bonuses that reward your contributions to our team's success

Company

moomoo

Moomoo is a free-commission online trading platform. With moomoo, you can trade stocks, options, and ETFs without paying any commissions. It is a sub-organization of Futu Holdings.

Founded in 2018

Palo Alto, California, USA

1001-5000 employees