AVP Operations - Settlement Services

Mizuho; Woodbridge Township (NJ); Hybrid; USD 85,000 - 125,000; Full time

Benefits offered by this job

Medical, Dental and 401K plans

Discretionary bonus

Hybrid working model

Job summary

Mizuho America is seeking a Securities Settlement Specialist in Woodbridge, NJ to ensure timely settlement of Federal Reserve-eligible securities via the BNY Mellon clearance platform. This hybrid role collaborates with trading, operations, treasury and external providers to maintain accurate positions and smooth clearance.

The ideal candidate has a Bachelor’s degree, strong Excel skills and proven analytical and communication abilities.

Qualifications

• Bachelor's degree required.
• Full trade life cycle understanding to support the settlement processing supporting all Securities product type.
• Manage manual tasks in the role and investigate to improve/automate.
• Intermediate/Advanced Excel skills.
• Strong analytical and communication skills.
• Process improvement/re-engineering.

Responsibilities

• Ensure timely settlement of Federal Reserve-eligible securities via the BNY Mellon clearance platform.
• Monitor and reconcile securities and cash positions; resolve discrepancies.
• Track TMPG-eligible fails and assist in the remediation of fail exposures.
• Escalate settlement risks to management and stakeholders in a timely manner.
• Oversee FICC-related activities for funding and settlement alignment.
• Process triparty collateral position allocations and related activity.
• Monitor daily liquidity and funding to prevent daylight overdrafts.
• Support Treasury auction operations and bid documentation maintenance.
• Coordinate with trading, operations, treasury, collateral management, and external providers.
• Maintain compliance with internal policies and regulatory requirements.

Skills

Analytical skills

Communication skills

Excel skills

Process improvement

Education

Bachelor's Degree

Tools

Excel

Job description

Key Responsibilities

Ensure the timely settlement of all Federal Reserve-eligible securities through the BNY Mellon clearance platform.

• Monitor and reconcile securities and cash positions, investigating and resolving any exceptions or discrepancies.
• Track and report TMPG-eligible fails and assist in the management and remediation of fail exposures.
• Escalate operational issues and settlement risks to appropriate management and stakeholders in a timely manner.
• Oversee FICC-related activities to ensure alignment with funding and settlement requirements.
• Process and manage triparty collateral position allocations and related activity.
• Monitor daily liquidity positions and funding requirements to help prevent daylight overdrafts and other settlement-related liquidity risks.
• Support Treasury auction operations, including the processing of firm and customer bids and the review and maintenance of all associated documentation.
• Coordinate with trading, operations, treasury, collateral management, and external service providers to facilitate seamless settlement and clearance activities.
• Maintain compliance with internal policies, regulatory requirements, and industry best practices.

Key Responsibilities

Ensure the timely settlement of all Federal Reserve-eligible securities through the BNY Mellon clearance platform.

• Monitor and reconcile securities and cash positions, investigating and resolving any exceptions or discrepancies.
• Track and report TMPG-eligible fails and assist in the management and remediation of fail exposures.
• Escalate operational issues and settlement risks to appropriate management and stakeholders in a timely manner.
• Oversee FICC-related activities to ensure alignment with funding and settlement requirements.
• Process and manage triparty collateral position allocations and related activity.
• Monitor daily liquidity positions and funding requirements to help prevent daylight overdrafts and other settlement-related liquidity risks.
• Support Treasury auction operations, including the processing of firm and customer bids and the review and maintenance of all associated documentation.
• Coordinate with trading, operations, treasury, collateral management, and external service providers to facilitate seamless settlement and clearance activities.
• Maintain compliance with internal policies, regulatory requirements, and industry best practices.

Requirements

• Bachelors Degree
• Full trade life cycle understanding to support the settlement processing supporting all Securities product type
• Manage manual tasks in the role and investigate to improve/automate
• Intermediate/Advanced Excel skills
• Strong analytical and communication skills
• Process improvement/re-engineering

The expected base salary ranges from $85,000 - $125,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.

Other Requirements

Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.

Company Overview

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill , Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.

Mizuho Americas offers a competitive total rewards package.

We are an EEO/AA Employer - M/F/Disability/Veteran.

We participate in the E-Verify program.

We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.