Associate Operation Specialist in U.S. Gov. Bond and Repo Back Office

Overview

The US Government Bond & Repo Specialist is responsible for accurate and timely, entry and verification of Securities and Repo transactions through maintaining and verifying bond and repo trades across systems, including Si/RE and BONY, ensuring accurate trade entry, confirmation, and cash settlement. Monitors systems, reconciles accounts and coupons, reports and manages bond fails and TMPG charges, and supports regulatory operations and departmental functions as needed.

What you’ll be doing

• Update and maintain static data for new bond instruments from Kondor+ to the Si/RE system.
• Input and verify trades for securities, derivatives, repos, and reverse repos.
• Confirm bonds and repo trades  with counterparty trades via executed by phone, email, Tradeweb, or Bloomberg.
• Input repo and reverse repo transactions into back office application.
• Input U.S. Government bond, repo, and related cash movements into the BNY BDC platform.
• Monitor BNY systems during the day for returned items, exceptions, and settlement issues.
• Monitor and reconcile custody records and Si/RE accounts for coupon and interest activity.
• Perform operational oversight on repo’s and cooperation bonds settlement and journal bookings.
• Verify cash settlement activity and process the related accounting entries.
• Notify traders and management of bond settlement fails and maintain fail logs.
• Prepare, maintain, and reconcile TMPG fail charge records and reports with counterparties.
• Prepare, maintain, and reconcile monthly BDC fee statements.
• Support Federal Reserve Discount Window operations and NYS DFS pledge account activities.
• Maintain bilateral interest rate swap positions prior to DFA and EMIR remediation or expiration.
• Provide backup coverage for other Treasury Settlement functions as directed by management.

Who we are looking for

Experience

• 3-5  years of experience in Treasury Settlement, securities operations, or repo operations within a bank or financial institution.

Qualifications

• Bachelor's degree in Accounting, Finance, Mathematics, or a related discipline.

Technical skills

• U.S. Treasury, Agency, and Corporate Bond settlement processing
• Repo and reverse repo, Cash settlement , SWIFT, CHIPS, and Fedwire payment
• BNY BDC platform, Kondor+, Si/RE,INFORM,CEDEL,Microsoft Word,Microsoft Excel

Specific knowledge

• Financial markets and securities settlement processes
• Bank control environment, operational procedures, and operation guides
• BSA, AML, OFAC rules and regulations
• KYC policies and procedures

Preferred skills

• TMPG fail charge processing and reconciliation
• Federal Reserve Discount Window operations
• NYS DFS pledge account operations
• Securities accounting entries and reconciliation

What we offer

• The salary range for this position is 80k $- 110k $