ASSOCIATE DIRECTOR | CLEARANCE & SETTLEMENT

Location

Jersey City, NJ | United States

Job description

OVERVIEW:

Being a member of the Fixed Income Clearance and Settlement Operations Team, the Associate Director will identify gaps in procedures and training, work with team leads to strengthen the control environment, improve the performance of the department, and provide direction and guidance to team leads to ensure departmental communication is clear and reaches all team members.

In addition, the Associate Director | Clearance & Settlement will interact with partners & clients when appropriate to resolve processing issues, respond to client feedback, lead department projects and initiatives, delegate tasks where appropriate to foster an environment of developing junior staff, and provide opportunities for talent to grow.

RESPONSIBILITIES:

• Perform oversight of day-to-day processing activities of government and mortgage-backed operations team, including exception resolution, achievement of metrics & benchmarks, adherence to controls, audit follow-up, compliance, & risk management activities
• Make well-informed, effective, and timely decisions using available data & perceive the impact & implications of decisions. Hold self and others accountable for measurable high-quality and timely results.
• Understand and apply principles, procedures, requirements, regulations, and policies related to specialized business functions. Support and drive continuous improvement for process and procedures; ensure procedures are continually followed and updated.
• Articulate and present complex or technical information clearly & effectively to partners &/or non-technical colleagues in both small & large group settings
• Lead performance management by developing and coaching the team. Be a strong talent evaluator with a focus on developing others to perform by providing ongoing feedback and opportunities to learn through formal and informal methods.
• Use subject matter expertise to review & enhance the control environment and identify & implement operational improvements.
• Build & maintain strong relationships with internal and external partners to facilitate issue resolution, operational improvements, and risk reduction. Take a lead role on department projects and initiatives.
• Implement short & medium-term strategy and ensure execution of divisional goals at a department level.
• Lead development of training plans and delivery to meet staff development targets.
• Mitigate risk by following established procedures & monitoring controls, spotting key errors, & demonstrating strong ethical behavior.

MUST HAVE:

• Bachelor's degree (preferred) or equivalent experience.
• Minimum 8 years of related experience in fixed income products, allocations, and settlements - with mortgage-backed experience.
• Mortgage-Backed Securities (MBS)
• Expansive mortgage-backed securities allocation background.
• Must have people management experience.
• Ability to perform day-to-day processing activities of government & mortgage-backed operations teams, including exception resolution, achievement of metrics & benchmarks, adherence to controls, audit follow-up, compliance, & risk management activities.

Job tags

Salary