Client Settlements Specialist

Wedbush; Jersey City (NJ); On-site; USD 128,943,000 - 157,597,000; Full time

Job summary

Wedbush Securities in Jersey City is seeking a Settlement Specialist to join our Client Settlement Division. The role focuses on accurate processing of mutual fund trades and DTCC deposits, with cross-training across the department to ensure reliability.

Ideal candidates have a bachelor’s degree and at least two years of settlement experience, with hands-on use of DTCC, Refinitiv BETA, and FIS P3 systems. We offer competitive pay in the $45–$55 per hour range and a supportive, deadline-driven

Qualifications

• Bachelor’s degree preferred.
• 2+ years of settlement experience required.
• Hands-on DTCC settlement, Refinitiv BETA, and FIS P3 experience.
• Familiarity with 144 Legend Removal (SEC non‑registered securities).
• Strong accuracy and deadline-driven focus.
• Ability to prioritize and work independently or in a team.
• Strong verbal and written communication.

Responsibilities

• Certify receipts for DTCC deposits and related depositories.
• Process mutual fund trades, corrections, cancellations, rebills, transfers.
• Handle incoming/outgoing physical certificates and vault control.
• Cross-train across departmental functions.
• Contact brokers to resolve settlement problems.
• Perform other tasks as required.

Skills

DTCC settlement

Refinitiv BETA

FIS P3 system

144 Legend Removal

Attention to detail

Time management

Communication skills

Education

Bachelor's Degree

Tools

SunGard Phase 3

Job description

Job Description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Client Settlement Division is looking to add a Settlement Specialist to our Jersey City team.

Responsibilities Include But Not Limited To

• Certify receipts for deposit to Depository Trust & Clearing Corp (DTCC) or foreign depositories/custodians (i.e., Euroclear, Canaccord, Bank of America Merrill Lynch, and Citicorp)
• Facilitate the timely and accurate processing of all Mutual Fund trades, corrections, cancellation, rebills, and transfers of accounts
• Assist in handling incoming and outgoing physical certificates for deposit, Vault control, re-registration in Wedbush Street name and break down for delivery needs
• Cross-train across all departmental functions and achieve full proficiency in each role and area of responsibility
• Contact brokers and resolve settlement problems
• Perform other tasks and duties as required and assigned

Experience And Skills

• Bachelor's Degree from an accredited university preferred
• 2+ years of settlement experience required
• Hands-on experience with DTCC settlement functions, Refinitiv BETA and FIS P3 system experience required
• Familiarity with 144 Legend Removal (SEC Non-Registered Securities)
• Maintain a high degree of accuracy and attention to detail in a constantly changing, deadline-driven environment
• Ability to prioritize competing priorities while working effectively both independently and as part of a team
• Ability to quickly learn and adapt to swings in workload volume and changes in assignments
• Strong verbal and written communication skills
• Experience with and expert knowledge of the depositories/custodians listed above is a plus
• Experience with SunGard Phase 3 and BETA are a plus

What We Offer

Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed.

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $45.00/hr to $55.00/hr. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here??https://www.e-verify.gov/employees/e-verify-overview

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.