Trade Settlements Specialist

Description The Huntington Securities, Inc. (HSI) Trade Settlements Specialist is responsible for ensuring the accurate and timely settlement of securities transactions across multiple asset classes and markets. In addition, the incumbent would be responsible for the following:
Fedwire processing, Equity Capital Markets settlement support, and Regulatory Trade Reporting. This role involves close coordination with internal teams, custodians, clearing firms, clients and external counter parties to resolve trade discrepancies, manage risk, facilitate wire requests as needed, support trade operations, and maintain compliance with regulatory reporting requirements.

Duties & Responsibilities:

Monitor trade affirmations to comply with T+1 regulations

Ensure timely and accurate settlement of trades, while mitigating operational risk Process and reconcile daily trade settlements in a timely and accurate manner

Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary

Conduct thorough research and analysis to identify and resolve any discrepancies in trade settlements

Collaborate with various internal teams to ensure smooth settlement processes

Develop and maintain strong relationships with external clients and counter parties to facilitate efficient settlement processes

Utilize a strong understanding of financial markets to identify and mitigate potential operational risks

Stay up to date on industry regulations and compliance requirements related to trade settlements

Create and maintain detailed documentation of settlement processes and procedures

Communicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlementsMBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changes

Provide support to other team members and assist with ad hoc projects as needed

Validate and reconcile MSRB, TRACE, and CAT regulatory trade reporting

Support Equity Corporate Buyback settlement

Work with audit or risk colleagues to provide information and test internal controls

Performs other duties as assigned

Basic Qualifications:

Bachelor’s Degree2 or more years experience in trade operations, settlements, or allocationsFINRA Series 7

Preferred Qualifications:

An additional 5 years’ experience in product area may be considered in lieu of Bachelor’s degree

Collaborate with team members to ensure accurate and timely securities trade and settlement processing

Resolve operational or trading issues by coordinating with other departments and external parties

Complete in-depth investigations for all trade exceptions, both internally and with a clearing firm, to create timely resolutions

Experience working with mortgage products, including TBA and Pools Oversee successful settlement of DTCC, FICC and Fedwire trades

Manage daily margin activity and collateral exchange

Experience with regulatory trade reporting

Knowledge of securities regulations, compliance, and industry standards.

Ability to manage multiple priorities in a fast-paced environment; adaptive to change

Ability to create and foster strong partnerships with business partners and work well in a team environment

Detail oriented with strong organizational skills

Bloomberg/TOMS experience

Strong understanding of securities markets and trade settlement processes

Analytical, problem-solving, and communication skills

Exempt Status: (Yes = not eligible for overtime pay) ( No = eligible for overtime pay)
Yes Workplace Type:

Office Our Approach to Office Workplace Type Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter.

Specific work arrangements will be provided by the hiring team.

Compensation Range:

The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors…