Associate, Fixed Income Middle Office

Nearwater Capital, LLC; New York (NY); On-site; USD 95,000 - 125,000; Full time

Job summary

Nearwater Capital is seeking a Settlement Operations professional to support the Risk Retention business from our New York office. You will manage securities settlements, cash flows, invoicing, and reporting while coordinating with custodians, counterparties, and trading teams to ensure timely and accurate settlement cycles.

You will apply fixed income operations knowledge, trade lifecycle expertise, and data analysis tools to improve efficiency, accuracy, and controls.

Qualifications

• Bachelor's degree or equivalent background and experience.
• 2-5 years of direct experience in a financial services organization performing fixed income operations and settlements including trade lifecycle and industry technology.
• Operational expertise in Settlements, Trade Lifecycle Management, Reconciliations, Trade Support and Corporate Actions within Global Markets.

Responsibilities

• Communicate with securities custodians to affect purchases of securities, wires, and other related settlement and administrative activities.
• Monitor all trade settlements and coordinate with the custodian and counterparties to address any settlement issues.
• Confirm security settlements and cash flows with the custodian bank and counterparties.
• Keep management appraised of current settlement status and elevate issues as needed.
• Coordinate with the accounting team to ensure all required information is available to book transactions.
• Ensure invoices are sent to clients on a timely basis.
• Work with service providers to ensure regulatory reporting requirements are met.
• Monitor bank accounts for incoming payments and follow up with counterparties on missing or late payments.
• Provide the trading desk with end-of-day positions.
• Support special projects as needed.

Skills

Fixed income operations

Trade lifecycle management

Reconciliations

Excel

Communication

Education

Bachelor's degree or equivalent background

Tools

Enfusion

Python

SQL

Power BI

Job description

This role sits within Operations supporting Nearwater's Risk Retention business, one of the firm's three business lines alongside Liquid Markets and Capital Markets, and is directly responsible for the accurate and timely settlement of security purchases and sales, repo transactions, invoicing, and other reporting requirements. It requires close coordination with our third-party custodian bank, counterparties, and trading teams, and also provides back-up support to the settlement process for the Risk Retention business.

WHAT YOU'LL DO

• Communicate with securities custodians to affect purchases of securities, wires, and other related settlement and administrative activities
• Monitor all trade settlements and coordinate with the custodian and counterparties to address any settlement issues
• Confirm security settlements and cash flows with the custodian bank and counterparties
• Keep management appraised of current settlement status and elevate issues as needed
• Coordinate with the accounting team to ensure all required information is available to book transactions
• Ensure invoices are sent to clients on a timely basis
• Work with service providers to ensure regulatory reporting requirements are met
• Monitor bank accounts for incoming payments and follow up with counterparties on missing or late payments
• Provide the trading desk with end-of-day positions
• Support special projects as needed

WHAT WE'RE LOOKING FOR

Required

• Bachelor's degree or equivalent background and experience
• 2-5 years of direct experience in a financial services organization performing fixed income operations and settlements including trade lifecycle and industry technology. Familiarity with Enfusion a plus
• Operational Expertise: demonstrate considerable understanding of key operational functions such as Settlements, Trade Lifecycle Management, Reconciliations, Trade Support and Corporate Actions within Global Markets
• Excellent organizational skills and superior problem-solving capabilities
• Strong verbal and written communication skills
• A team player who is detail oriented, with the ability to operate independently, multi-task and prioritize appropriately

Preferred

• Experience with DTC, Euroclear, and Fedwire settlements
• Advanced Excel and experience with data-analysis or automation tools (e.g., Python, SQL, VBA, Power BI) to improve reporting accuracy and efficiency.

HOW YOU WORK

• Take ownership of a process end to end and follow through until it's actually resolved
• Move with urgency when something looks off, chasing down a discrepancy or unconfirmed settlement before it becomes a bigger problem
• Keep people informed as a matter of course, flagging status and issues without being asked
• Look for ways to automate or streamline manual steps in the settlement process

WHAT YOU'LL GET

• Real ownership of a function where accuracy and timeliness are visible immediately
• Direct, regular contact with trading, accounting, and senior leadership, with no layers in between
• A front-row seat to the full settlement lifecycle as the Risk Retention business scales
• A track record you can point to quickly, since the impact of the work shows up in real time

WHO WE ARE

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.

Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.