The AVP in Fixed Income Ops would be primarily responsible for:
Ensuring clearance and settlement of Fed cash and repo securities at Jefferies LLC.
Managing an outsourced teams that are responsible for the clearance and settlement of repos and Fed securities (Government Ops), respectively
Additional responsibilities include:
Researching and reconciling breaks, fails, open items, etc
Architecting and managing trade flows to respective systems/depots for settlement
Re-aligning securities between depots as necessary
Working with MBS Allocations, MBS Settlements, Gestation Repo, and TMPG Operations teams to ensure settlement
Working with Repo/Securities Finance teams to ensure settlement
Creating and repairing processes to lower operational risk to the firm
Desirable Qualifications:
Strong knowledge of all Fixed Income clearance/settlement concepts and experience with settling trades and managing NFE/DOD at the Fed
Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
Proven track record of managing operational risk
Strong knowledge of Broadridge GPS products (BPS, CAGE/Global Framework, and Impact)
Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
Strong attention to detail
Strong written and verbal communication skills
Strong Excel skills (Pivot Tables, VLOOKUP, etc)
Proven self-starter with ability to think quickly under pressure