Fixed Income Ops Lead - Payments & Settlement

Broadridge Financial Solutions; Newark (NJ); On-site; USD 105,000 - 130,000; Full time

Job summary

Broadridge Financial Solutions in Newark, NJ is seeking an experienced Fixed Income Operations Manager to oversee daily fixed income events, including coupon payments, maturities, and related cash flows. You will validate accruals, entitlements, and tax withholding, and ensure accurate settlement with custodians and counterparties.

The role requires strong knowledge of fixed income instruments, cash reconciliations, and control frameworks; you’ll lead process improvements, mentor staff, and

Qualifications

• Bachelor's degree or equivalent in a related field.
• Significant experience in investment operations, custody, fund administration, or securities processing with a focus on fixed income events.
• Experience leading or supervising an operations team.
• Strong knowledge of fixed income instruments (bonds, notes, MBS, ABS, floating-rate).
• Understanding coupon calculations, accrued interest, day-count conventions, payment schedules, amortization, prepayments, maturities, redemptions.

Responsibilities

• Manage daily oversight of fixed income events (coupon payments, principal repayments, maturities, amortizations, redemptions, paydowns, defaults).
• Oversee calculation, validation, and booking of accrued interest, entitlements, principal proceeds, withholding tax, and fees.
• Ensure timely receipt, reconciliation, and allocation of cash payments from custodians, depositories, paying agents, and counterparties.
• Monitor event announcements and maintain security terms, payment dates, record dates, rate resets, factor changes, and election details.
• Investigate and resolve breaks, failed payments, discrepancies, and aged exceptions with internal teams and external providers.
• Review daily cash reconciliations and approve exception resolution per controls.
• Oversee payment processing for various fixed income instruments (government, corporate, municipal, agency, MBS, ABS).
• Establish and monitor operating procedures, SLAs, risk indicators, and performance metrics.
• Lead root-cause analyses for recurring errors and implement improvements.
• Ensure adherence to policies, regulatory requirements, audits, and client/fund documentation.
• Support audits, regulatory inquiries, client reporting, and operational due diligence.

Skills

Fixed income knowledge

Analytical skills

Problem-solving

Communication skills

Excel proficiency

Education

Bachelor's degree in finance, accounting, business, economics, or related field

Tools

Excel

Job description

Broadridge Financial Solutions in Newark, NJ is seeking an experienced Fixed Income Operations Manager to oversee daily fixed income events, including coupon payments, maturities, and related cash flows. You will validate accruals, entitlements, and tax withholding, and ensure accurate settlement with custodians and counterparties.

The role requires strong knowledge of fixed income instruments, cash reconciliations, and control frameworks; you’ll lead process improvements, mentor staff, and