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Associate Operation Specialist – U.S. Gov. Bond & Repo Back Office in New York: manage trade entry, settlement, and regulatory compliance.
Mid-level role demanding treasury settlement expertise, supporting bond and repo transactions across BNY BDC, Si/RE, and payment systems.
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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.
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 $
About us
We are the leading banking group in Italy and one of the Top Tier in Europe. Join us and be part of our successful story!
With over 20 million customers in Italy and abroad, we are a true engine of sustainable growth, with a strong commitment to the environment and a tangible impact on society. People are our driving force. We take care of them and foster an inclusive culture where everyone feels valued and empowered.
Join an international and innovative Group. Don't wait for the future, choose it!
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We guarantee an inclusive and equal environment. We will consider all applicants regardless of race, religion, sexual orientation, gender identity, marital status, national origin, age, disability, or any other protected category in compliance to D.lgs. 198/2006, 215/03 and 216/03.
For the evaluation of the application, the data will be processed by Intesa Sanpaolo S.p.A. as Data Controller. We invite you to review the dedicated Privacy Information Notic e for more details.