Clearance Settlement IC Associate

DTCC; Jersey City (NJ); Hybrid; USD 85,000 - 120,000; Full time

Benefits offered by this job

Health and life insurance

Pension/Retirement

Paid Time Off

Hybrid work model

Job summary

DTCC in Jersey City is seeking an experienced Operations professional to join the Global Business Operations (GBO) team. You will execute on operational workflows, manage workload with tight deadlines, and help strengthen controls and risk management.

The role emphasizes collaboration, client service, and continuous improvement, with a hybrid model (3 days onsite, 2 remote) and comprehensive benefits. Bachelor's degree and 4+ years of related experience preferred.

Qualifications

• Minimum of 4 years of related experience.
• Bachelor's degree preferred or equivalent experience.

Responsibilities

• Follow documented procedures to execute operational processes and suggest improvements.
• Own workload and meet deadlines while managing priorities; assist with benchmark tracking, audits, and risk activities.
• Maintain focus on client needs; respond timely and accurately to inquiries and resolve issues.
• Demonstrate effective communication; participate in meetings and train junior team members as directed.
• Participate in small projects and initiatives; escalate risks and align controls in day-to-day tasks.

Skills

Honesty

Transparency

Collaboration

Communication

Conflict resolution

Education

Bachelor's degree or equivalent

Job description

JOB DESCRIPTION

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Pay and Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role

The Global Business Operations (GBO) organization is responsible for all operations and asset services supporting the following DTCC businesses: The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), Fixed Income Clearing Corporation (FICC) - Government Securities Division (GSD) & Mortgage-Backed Securities Division (MBSD), Wealth Management Services (WMS), Insurance & Retirement Services (I&RS), Solutions Operations - Global Market Entity Identifier (GMEI), and Global Service Bureau (GSB). GBO's mission is to provide the Securities Industry with superior operations processing and client services support in an environment that minimizes risk and cost while maximizing efficiency. Equity Clearance and Settlement Operations provides operational support for DTC and NSCC focusing on depository services, trade capture, comparison and netting of virtually all broker-to-broker equity, listed corporate and muni bond and UIT trading in the U.S, culminating into a consolidated end-of-day process that completes the transfer between trading parties of securities ownership and cash daily. A key area of responsibility for the Equity Clearance and Settlement is the support and preparedness of business resiliency and continuity efforts, cyber security events, and default/liquidity management. FICC Operations provides operational support for the Government Security and Mortgage Backed Securities divisions of FICC focusing on trade capture, comparison, netting and settlement services to the mortgage-backed and government securities market thus providing operational efficiency to this high dollar value market place. A key area of responsibility for the FICC Operations, is the support and preparedness of business resiliency and continuity efforts, cyber security events, and default/liquidity management.

Your Primary Responsibilities

• Executes on operational processes by following documented procedures and job aides, able to make suggestions on improving process and efficiency. Processes specialized workflows, resolves exceptions, assists with complex inquiries.
• Takes ownership of workload, ensures deliverables are met while adhering to critical timeframes; ability to manage competing priorities. Assists in benchmark tracking, audit follow-up, compliance and risk management activities.
• Strong knowledge of department controls. Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk, escalates appropriately.
• Maintains a steadfast focus on meeting the needs/requests of our internal and external clients, including responding to inquiries timely and accurately, resolving issues promptly.
• Demonstrates effective communication skills, active engagement in meetings and display curiosity to learn and grow, accepts feedback given and applies to role. Presents information clearly while speaking in small to mid-sized groups.
• Facilitates training sessions for junior team members as directed by management. Oversees the development of training plans to meet staff development targets.
• Participates and owns small projects and initiatives.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

Qualifications

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success

• Fosters a culture where honesty and transparency are expected.
• Stays current on changes in his/her own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
• Collaborates well within and across teams.
• Communicates openly with team members and others.
• Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

ABOUT US

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC’s subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn , X , YouTube , Facebook and Instagram .

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.

Learn more about Clearance and Settlement by clicking here.