Manager, Domestic & International Settlements
About the Opportunity:
A leading global financial services organization is looking to add an experienced operations professional to its team in Dallas. This individual will oversee a team responsible for supporting securities settlement functions across domestic and international markets, with a focus on equities, fixed income, and related funding activities.
This position offers the opportunity to take ownership of critical operational functions while working alongside teams across multiple areas of the business. The successful candidate will bring a strong understanding of the securities settlement lifecycle, the ability to manage competing priorities, and a track record of leading teams in a highly regulated financial services environment.
What You'll Be Responsible For:
Operations Management:
- Provide oversight of daily settlement functions covering U.S. and international equity and fixed income markets.
- Ensure trades, securities movements, and related cash transactions are processed accurately and within established market deadlines.
- Oversee settlement-related activities involving Federal Reserve transactions, securities lending, borrowing, collateral, and triparty funding.
- Monitor daily workflow across trade matching, affirmations, custody requirements, cash movements, reconciliations, and outstanding settlement items.
- Review operational exceptions and settlement fails, ensuring appropriate follow-up, escalation, and resolution.
- Oversee funding requirements, cash positioning, margin-related activity, corporate action adjustments, and associated reporting.
- Maintain effective procedures and operating practices to support consistent service delivery.
Cross-Functional Collaboration:
- Serve as a primary point of contact for settlement-related matters, partnering with internal business groups to address operational needs.
- Work with Treasury, Finance, Risk, Technology, and Front Office teams to resolve issues and improve the overall settlement process.
- Participate in business initiatives involving new products, client activity, system implementations, and changes to existing workflows.
- Help assess operational impacts of business changes and ensure appropriate processes and controls are in place before implementation.
- Identify opportunities to improve efficiency, reduce manual processes, and strengthen coordination between operational teams.
- Maintain oversight of daily controls, reconciliations, and procedures to ensure operational activities are completed in accordance with established policies and regulatory standards.
- Identify potential risk exposures and address control gaps before they impact business operations.
- Assist with internal audits, regulatory reviews, and compliance requests, including documentation and follow-through on outstanding findings.
- Partner with risk and compliance teams to implement process enhancements and ensure issues are appropriately addressed.
- Promote a proactive approach to risk management, accuracy, and accountability throughout the team.
- Lead and support a team of settlement professionals, providing direction and oversight of daily responsibilities.
- Establish performance expectations and ensure workloads are appropriately managed across the team.
- Provide ongoing coaching, feedback, and development opportunities to strengthen team capabilities.
- Address performance concerns and support employee engagement and retention initiatives.
- Foster a collaborative environment focused on accountability, service quality, and continuous improvement.
What We're Looking For:
- 6+ years of experience within securities operations, with a strong emphasis on settlement functions.
- Background supporting both domestic and international securities markets, particularly equities and fixed income.
- Strong understanding of Federal Reserve settlements, triparty funding, securities lending and borrowing, margin, and collateral processes.
- Knowledge of trade lifecycle functions, including matching, affirmations, reconciliations, custody, cash management, and settlement fails.
- Previous experience in a supervisory or people management capacity within financial services operations.
- Familiarity with operational risk frameworks, internal controls, audit processes, and regulatory requirements.
- Experience partnering with multiple business areas, including Treasury, Finance, Risk, Technology, and Front Office.
- Strong communication and leadership skills, with the ability to interact effectively with both operational teams and senior stakeholders.
- Experience with securities processing, custody, or settlement platforms such as DTC, BNY systems, ADP, MMI, Anvil, or comparable applications is a plus.