Senior Settlements Analyst

About the position

As Altruist enters an expansion phase for our revolutionary product offering, we’re seeking an experienced Senior Settlements Operations Analyst to help position us for future growth and success. This role is responsible for the comparison and reconciliation of securities transactions with street side counter parties and settling those transactions timely and accurately while adhering to policies, procedures, and regulatory guidelines.

• Provide clearing back office support to investment advisors and their clients
• Support escalations to resolution and provide feedback to management and product partners for continuous improvement
• Review daily trade reports generated from the back‑office clearing platform FIS/Phase3 as well as external communications from counter parties, rectifying breaks and issues identified
• Handle P&S inquiries and corrections
• Process trade comparisons and corrections using the FIS/Phase3 system; perform comparison of fixed‑income trades in FICCCMU and the reporting of fixed‑income transactions in FINRATRANCE and MSRBRTRS Web
• Identify, investigate, and resolve trade, cash, and position reconciliation issues to ensure transactions are correctly recorded in appropriate systems facilitating successful settlement
• Support DTCC settlement functions and related processes such as Buy‑Ins, Obligation Warehouse, and RECAPS
• Review fail exposure and accurately report to senior regulatory management teams
• Reconcile daily possession and control issues
• Maintain excellent client service skills
• Adhere to all rules, regulations and procedures that govern this role and organization
• Be aware of operational risk and escalte to manager at all times
• Other duties as assigned

• 3+ years of experience working within back‑office operations, specifically in trade clearance and settlements for a self‑clearing broker‑dealer
• FINRA Series
  99 (or ability to obtain in 90 days)
• Expert knowledge with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC suite applications
• Settlement, buy‑in, fail control, and/or segregation experience
• Exceptional communication skills with the ability to easily convey complex matters in an easy to understand manner
• Ability to build a team. Strong coaching skills
• Strong self‑starter with ability to work independently
• Strong communication and analytical skills
• Ability to effectively prioritize and adapt to changing environment
• Able to multi‑task and work under pressure

• Back‑Office System Knowledge

$79,000–$107,000

USD

• A hybrid work schedule for most positions to promote strong, in‑person collaboration
• Stunning, amenity‑filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity
• Competitive pay and equity for eligible positions
• Premium healthcare, dental, and vision insurance plans (HMO and PPO)
• 401(k) savings plan with a 4% match and immediate vesting
• 16 week paid parental leave after one year of employment
• Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee
• Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and travel, etc.)
• Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home‑buying preparedness, etc.)
• One‑month work from anywhere policy (with the exception of a few countries)

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway.

You may be just the right candidate for this or other roles.