Trade Settlements Specialist

DescriptionThe Huntington Securities, Inc. (HSI) Trade Settlements Specialist is responsible for ensuring the accurate and timely settlement of securities transactions across multiple asset classes and markets. In addition, the incumbent would be responsible for the following: Fedwire processing, Equity Capital Markets settlement support, and Regulatory Trade Reporting. This role involves close coordination with internal teams, custodians, clearing firms, clients and external counterparties to resolve trade discrepancies, manage risk, facilitate wire requests as needed, support trade operations, and maintain compliance with regulatory reporting requirements.Duties & Responsibilities:Monitor trade affirmations to comply with T+1 regulationsEnsure timely and accurate settlement of trades, while mitigating operational riskProcess and reconcile daily trade settlements in a timely and accurate mannerMonitor and manage trade exceptions, ensuring prompt resolution and escalation when necessaryConduct thorough research and analysis to identify and resolve any discrepancies in trade settlementsCollaborate with various internal teams to ensure smooth settlement processesDevelop and maintain strong relationships with external clients and counterparties to facilitate efficient settlement processesUtilize a strong understanding of financial markets to identify and mitigate potential operational risksStay up to date on industry regulations and compliance requirements related to trade settlementsCreate and maintain detailed documentation of settlement processes and proceduresCommunicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlementsMBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changesProvide support to other team members and assist with ad hoc projects as neededValidate and reconcile MSRB, TRACE, and CAT regulatory trade reportingSupport Equity Corporate Buyback settlementWork with audit or risk colleagues to provide information and test internal controlsPerforms other duties as assignedBasic Qualifications:Bachelor’s Degree2 or more years experience in trade operations, settlements, or allocationsFINRA Series 7Preferred Qualifications:An additional 5 years’ experience in product area may be considered in lieu of Bachelor’s degreeCollaborate with team members to ensure accurate and timely securities trade and settlement processingResolve operational or trading issues by coordinating with other departments and external partiesComplete in-depth investigations for all trade exceptions, both internally and with a clearing firm, to create timely resolutionsExperience working with mortgage products, including TBA and PoolsOversee successful settlement of DTCC, FICC and Fedwire tradesManage daily margin activity and collateral exchangeExperience with regulatory trade reportingKnowledge of securities regulations, compliance, and industry standards.Ability to manage multiple priorities in a fast-paced environment; adaptive to changeAbility to create and foster strong partnerships with business partners and work well in a team environmentDetail oriented with strong organizational skillsBloomberg/TOMS experienceStrong understanding of securities markets and trade settlement processesAnalytical, problem-solving, and communication skillsExempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)YesWorkplace Type:OfficeOur Approach to Office Workplace TypeCertain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.Compensation Range:The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). Huntington is an Equal Opportunity Employer.Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.Note to Agency Recruiters:  Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.