Settlement Specialist – Equities & Debt (Hybrid, Memphis)

Raymond James Financial; Honolulu (HI); Hybrid; USD 45,000 - 65,000; Full time

Job summary

Raymond James Financial in Memphis, TN seeks a Clearance Associate to handle the settlement of equity and debt trades, using DTCC or Fed systems. The role is hybrid, balancing daily settlement with interdepartmental coordination and external contacts to resolve issues.

Requires a High School Diploma or equivalent and 2+ years of work experience. Strong Excel and data entry skills, ability to work under pressure, and awareness of 15c‑3, Reg T, DTC rules are important.

Qualifications

• High School Diploma or equivalent and 2+ years general work experience.
• Experience with equity/debt settlement processes is a plus.
• Knowledge of settlement regulations and reconciliations.

Responsibilities

• Performs the daily settlement process – make deliveries, match receives, run entries in SIS or Impact.
• Monitors 15c-3 compliance deficits to ensure firm compliance.
• Reviews and resolves trade problems and out-of-balance items.
• Processes ACAT fails and updates required databases.
• Assists coworkers to meet settlement deadlines.
• Suggests workflow improvements to increase accuracy and efficiency.

Skills

Settlement processes

DTC rules

MSRB Rules

Reg T basics

Excel

Data entry

Time management

Education

High School Diploma or equivalent

Tools

SIS system

Impact system

Microsoft Office

Job description

Raymond James Financial in Memphis, TN seeks a Clearance Associate to handle the settlement of equity and debt trades, using DTCC or Fed systems. The role is hybrid, balancing daily settlement with interdepartmental coordination and external contacts to resolve issues.

Requires a High School Diploma or equivalent and 2+ years of work experience. Strong Excel and data entry skills, ability to work under pressure, and awareness of 15c‑3, Reg T, DTC rules are important.