About this opportunity
Nearwater Capital, LLC lists this Associate, Fixed Income Operations opportunity in new york, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
This role sits within Operations supporting Nearwater's Risk Retention business, one of the firm's three business lines alongside Liquid Markets and Capital Markets, and is directly responsible for the accurate and timely settlement of security purchases and sales, repo transactions, invoicing, and other reporting requirements. It requires close coordination with our third-party custodian bank, counterparties, and trading teams, and also provides back-up support to the settlement process for the Risk Retention business.
WHAT YOU'LL DO
Communicate with securities custodians to affect purchases of securities, wires, and other related settlement and administrative activities
Monitor all trade settlements and coordinate with the custodian and counterparties to address any settlement issues
Confirm security settlements and cash flows with the custodian bank and counterparties
Keep management appraised of current settlement status and elevate issues as needed
Coordinate with the accounting team to ensure all required information is available to book transactions
Ensure invoices are sent to clients on a timely basis
Work with service providers to ensure regulatory reporting requirements are met
Monitor bank accounts for incoming payments and follow up with counterparties on missing or late payments
Provide the trading desk with end-of-day positions
Support special projects as needed
WHAT WE'RE LOOKING FOR
Required
Bachelor's degree or equivalent background and experience
2-5 years of direct experience in a financial services organization performing fixed income operations and settlements including trade lifecycle and industry technology. Familiarity with Enfusion a plus
Operational Expertise: demonstrate considerable understanding of key operational functions such as Settlements, Trade Lifecycle Management, Reconciliations, Trade Support and Corporate Actions within Global Markets
Excellent organizational skills and superior problem-solving capabilities
Strong verbal and written communication skills
A team player who is detail oriented, with the ability to operate independently, multi-task and prioritize appropriately
Preferred
Experience with DTC, Euroclear, and Fedwire settlements
Advanced Excel and experience with data-analysis or automation tools (e.g., Python, SQL, VBA, Power BI) to improve reporting accuracy and efficiency.
HOW YOU WORK
Take ownership of a process end to end and follow through until it's actually resolved
Move with urgency when something looks off, chasing down a discrepancy or unconfirmed settlement before it becomes a bigger problem
Keep people informed as a matter of course, flagging status and issues without being asked
Look for ways to automate or streamline manual steps in the settlement process
WHAT YOU'LL GET
Real ownership of a function where accuracy and timeliness are visible immediately
Direct, regular contact with trading, accounting, and senior leadership, with no layers in between
A front-row seat to the full settlement lifecycle as the Risk Retention business scales
A track record you can point to quickly, since the impact of the work shows up in real time
WHO WE ARE
Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.
Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.
Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.