Senior Settlements Analyst

About the role

As Altruist enters an expansion phase for our revolutionary product offering, we're seeking an experienced Senior Settlements Operations Analyst to help position us for future growth and success. As a Senior Settlements Operations Analyst will be responsible for the comparison and reconciliation of securities transactions with street side counterparties and settling those transactions timely and accurately while adhering to policies, procedures, and regulatory guidelines.

Responsibilities

• Provide clearing back office support to investment advisors and their clients
• Support escalations to resolution and provide feedback to management and product partners for continuous improvement
• Reviews daily trade reports generated from the back-office clearing platform FIS/Phase 3 as well as external communications from counterparties, rectifying breaks and issues identified.
• Handle P&S Inquiries and corrections
• Processes trade comparisons and corrections using the FIS/Phase 3 system. You will also perform comparison of fixed income trades in FICC CMU and the reporting of fixed income transactions in FINRA TRANCE and MSRB RTRS Web.
• Identifying, investigating, and resolving trade, cash, and position reconciliation issues to ensure transactions are correctly recorded in appropriate systems facilitating successful settlement
• Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Obligation Warehouse, and RECAPS.
• Review fail exposure & accurately report to senior regulatory management teams
• Reconcile daily possession and control issues
• Maintain excellent client service skills
• Adhere to all rules, regulations and procedures that govern this role and organization
• Be aware of Operational Risk and escalate to Manager at all times
• Other duties as assigned

Requirements

• 3+ years of experience working within back office operations, specifically in trade clearance and settlements for a self clearing broker dealer
• FINRA Series 99 (or ability to obtain in 90 days)
• Expert knowledge with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC suite applications
• Settlement, buy-in, fail control, and/or seg experience
• Exceptional communication skills with the ability to easily convey complex matters in an easy to understand manner
• Ability to build a team. Strong coaching skills
• Strong self-starter with ability to work independently
• Strong communication and analytical skills
• Ability to effectively prioritize and adapt to changing environment
• Able to multi-task and work under pressure
• Back Office System Knowledge
• Dallas, TX salary range
• $79,000 - $107,000 USD
• What we bring
• Attracting and retaining top-tier talent is a priority. We are proud of the culture we've built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.
• A hybrid work schedule for most positions to promote strong, in-person collaboration.
• Stunning, amenity-filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity.
• Competitive pay and equity for eligible positions.
• Premium healthcare, dental, and vision insurance plans (HMO and PPO).
• 401k savings plan with a 4% match and immediate vesting.
• 16 week paid parental leave after one year of employment.
• Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee.
• Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and

Benefits

Additional Information

About Altruist Altruist is transforming the multi-trillion dollar wealth management industry by building an AI platform for wealth professionals. We partner with financial advisors nationwide, empowering them to grow, optimize time and resources, and deliver superior outcomes for their clients. We're looking for exceptional talent to help us achieve our mission of making financial advice better, more affordable, and accessible to all. If you're passionate about challenging the status quo and want to do the most important work of your life, we'd love to meet you! But first, our values Kindness - Kindness doesn't just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully. Brilliance - Humility is the skill we're most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one. Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it's hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.

Your Match

How well this role fits your profile.

Company Intel

What employees say

Worked at altruist? Share your experience