Securities Clearing

Natixis Corporate & Investment Banking; New York (NY); On-site; USD 125,000 - 150,000; Full time

Job summary

Natixis Corporate & Investment Banking in New York is seeking an experienced settlements specialist to support Repo and Securities Lending activities, coordinating with Paris clearing teams and US desks.

You will settle US securities trades originating in Natixis Paris accounts, manage collateral movements during New York hours, report on failed settlements, and drive process improvements across the US Clearing team.

Qualifications

• 5+ years of experience in listed clearing operations.
• Strong understanding of US CCPs such as DTC/NSCC/OCC.
• Comprehensive knowledge of securities financing (SBL & Repo) and Delta One strategies.
• Familiarity with BONY BDC, Access Edge, Nexen, and DTC.
• Proficiency in Microsoft Office.
• Experience with Power BI, DuCo, Alteryx or similar tools, with willingness to learn new tech.
• Excellent time management with risk-based prioritization.
• Meticulous attention to detail in a fast-paced environment.
• Strong written and verbal communication; collaborative teamwork.

Responsibilities

• Facilitate settlement of Repo/Securities Lending transactions, researching and resolving shortfalls.
• Maintain clear communication with Front Office trading partners and support teams.
• Produce daily status reports and monthly summaries of failed settlements and root causes.
• Identify workflow inefficiencies and propose improvements.
• Develop and update operating procedures; cross-train US-based teammates.
• Provide cross-functional support with the US Clearing team.
• Assist in responding to customer inquiries and audit requests.

Skills

Repo & Securities Lending settlements

US CCPs (DTC/NSCC/OCC)

Securities financing & Delta One

Time management & prioritization

Cross-functional collaboration

Microsoft Office proficiency

Data analytics tools (Power BI/Alteryx

Tools

BONY BDC

Access Edge

Nexen

DTC

Power BI

DuCo

Alteryx

Job description

Natixis has a robust global trading business. This role focuses on supporting Repo and Securities Lending activities, encompassing both bilateral and tri-party platforms. The successful candidate will be responsible for facilitating the settlement of US securities trades that originate and settle in Natixis Paris clearing accounts.

Key Responsibilities will include:

• Facilitating transaction settlements and managing collateral movements with the Natixis Paris Clearing teams during New York morning hours.
• Following up on outstanding issues after the Paris working day concludes, through to the close of US Securities Markets (DTCC-Fed).
• Engaging in daily interactions with external clients and our Front Office trading teams to ensure all parties are informed of the status of uncompleted transactions or open exposures.

Essential Duties and Responsibilities:

• Manage Repo/Securities Lending transaction settlements: This includes confirming settlements and pair-offs with counterparties, researching and resolving shortfalls in deliveries, and liaising with front office partners when their actions are required.
• Maintain clear communication: Keep our Front Office trading partners and customer excellence support teams updated on the status and trends of problematic transaction settlements and flows.
• Produce comprehensive reporting: Generate daily status reports and monthly summaries detailing failed transaction settlements and their root causes.
• Drive process improvement: Identify workflow inefficiencies and propose potential solutions.
• Develop and maintain operating procedures: Create and update operating procedures for the functions covered. Provide cross-training to US-based teammates to ensure consistent support in your absence.
• Foster collaboration: Provide cross-functional support with other members of the US Clearing team.
• Support inquiry resolution: Assist in responding to customer inquiries and audit requests.

Qualifications:

• 5+ years of experience in listed clearing operations.
• Strong understanding of US Central Counterparties (CCPs) such as DTC/NSCC/OCC.
• Comprehensive knowledge of the securities financing business (Securities Based Lending and Repo) and Delta One trading strategies.
• Familiarity with relevant applications, including BONY BDC, Access Edge, Nexen, and DTC.
• Proficiency in Microsoft Office Suite.
• Experience with Power BI, DuCo, Alteryx, or similar data analysis and workflow automation tools, with a strong willingness to learn new technologies.
• Exceptional time management skills, with a proven ability to prioritize tasks effectively based on risk and urgency.
• Meticulous attention to detail and the ability to thrive in a fast-paced, dynamic environment.
• Effective written and verbal communication skills, enabling clear and concise interaction with diverse stakeholders.
• A collaborative spirit, with a demonstrated ability to work effectively as part of a team.

Natixis is an equal opportunity employer, committed to a workplace free of discrimination. Natixis will not tolerate any form of discrimination based on age, color, mental or physical handicap or disability, pregnancy, marital status, sexual orientation, national origin, alienage, ancestry or citizenship status, race, religion, sex (including sex stereotyping, gender identity, gender expression or transgender status), veteran status, creed, genetic information or carrier status, or any other protected characteristic as established by law.

Respect for all means that we deal with each person as an individual and not as a member of any group. All qualified applicants will receive consideration for employment. Management is expected to provide leadership in supporting the firms EEO program by taking steps to promote EEO in all facets of employment including recruitment, hiring, retention, promotion, performance assessment, and career-development opportunities.

The salary range for this position will be between $125,000 - $150,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.