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About TSR:

TSR is a relationship-based, customer-focused IT and technical services staffing company.

For over 40 years TSR, Inc. and its wholly owned subsidiary, TSR Consulting Services, have prospered in the Information Technology staffing business, earning the respect of companies both large and small with well refined candidate screening, timely placement, and a real understanding of the right skill sets required by our clients.

Mission & Vision

We do not believe in building a vision around the company but building a company around our vision, which is simply;

Every employee’s voice matters, their effort is appreciated, and their talent is rewarded.

We challenge each employee daily, to raise the bar on how we treat our consultants and candidates. For far too long in this industry, candidates have been ghosted, lied to, or placed at a client and then forgotten about. Each day our staff works tirelessly at qualifying and placing, top talent with our clients, in a compassionate and caring manner.

Not every candidate is a match for the job, but every candidate and consultant will be treated with respect and professionalism.

DTC Settlements Associate

Job Description

  • Location: Newark, NY
  • Type: Contract
  • Job #74245

Our client, a leading financial company, is hiring a DTC Settlements Associate on a contract basis.

Work Location
Remote

Summary

Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Prime Broker and Vault

  • Facilitate development of client’s Settlement tools such as Global Framework (GFW), client’s Exception Event System (BEES) and Universal Dashboard by providing operational expertise and conducting user acceptance tests (UAT)
  • Participate in onboarding new clients onto client product suite such as ‘Brokerage Processing Services’ (BPS) for equity trade settlement and ‘Impact’ for Fixed Income trade settlement
  • Conduct internal and external training programs on client products such as GFW, BPS, Impact, BuyIns System and Universal Dashboard that are heavily used within the Settlements department
  • Address daily operational escalations from clients as a result of system or human error and resolve them in a timely manner. Also communicate the issue, solution and plan of action for future avoidance in a timely manner to both the internal and external parties
  • Limit market exposure for clients by monitoring unsettled trades with high Mark to Market (MTM) exposure and by monitoring suspense account activities
  • Identify and implement Robotic Process Automation (RPA) on processes within the DTC Settlements area to deliver valuable services to the clientele
  • Perform quality controls by ensuring Written Supervisory Procedures (WSP) is adhered by the group
  • Develop and maintain Standard Operating Procedures (SOP) for training purposes, for reference during critical issues and for seamless operations
  • Coordinate and communicate with support functions such as HR, IT and Finance for system related, project related and team related functions

Qualifications:

  • Minimum of 5 years’ experience with DTC Settlements processes and workflow
  • Experience with BPS and Impact a plus
  • Self-starter with keen attention to detail, with ability to work under tight deadlines and multi-task
  • Ability to maintain positive relationships with both clients and internal associates
  • Excellent verbal and written presentation skills
  • Proven knowledge of operations products and processes
  • Proficient in MS Office Suite
  • Pay Rate: $40.00 – $45.00 per hour

Education: 

  • Bachelors Degree or equivalent experience preferred
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