New York, New York, United States
Trained and managed a team of two to ensure timely and accurate completion of all daily functions of MBS settlements, which include confirming and pairing-off daily MBS repo activity, setting up payment/receipts of cash wires, and completing round robins. Monitored bank screens for daily MBS trade activity, addressed and emailed on DKs and money differences, while limiting fails. Responsible for the settlement of month-end securitization deals by liaising between the front office and clients.
Responsible for settlement and clearance of $60B-$100B in U.S. Treasury Notes each day. Trade activity managed through internal booking systems and settlement functions at the custodian bank, JPMorgan Chase. Confirmed delivery instructions, pair-off activity, and fails with counterparties daily. Identified and informed front office repo traders of potential short positions. Liaised between BlackRock’s iShares and the ETF trading desk to facilitate the redemption and creation of fixed income ETF products from trade date to settlement date.
Identified commission discrepancies between the broker invoice and the commodity trader’s entry within the Tempest database. Resolved discrepancies and processed payment to brokers. Generated invoices for settlements of swaps and options. Contacted the counterparty and received verbal or electronic confirmation of payment.