Jefferies
VP, US Fixed Income Operations
Jefferies, Jersey City, New Jersey, United States, 07390
VP, US Fixed Income Operations
The VP, US Fixed Income Ops would be primarily responsible for:
Leading efforts to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes.
Managing the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories.
Day-to-day responsibilities include:
Developing, implementing, and testing enhancements to ensure straight-through processing of outright and report transactions.
Researching and reconciling breaks, fails, open items, unencumbered securities, etc.
Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations.
Architecting and managing trade and security flows to respective systems/depots for settlement.
Re-aligning securities between depots.
Creating and repairing processes to lower operational risk to the firm.
Experience in the following is a plus:
MBS Allocations.
Warehouse Lending/Gestation Repo Ops.
TMPG and Claims.
Desirable Qualifications:
Strong knowledge of all Fixed Income clearance/settlement concepts and experience in DTC, Fed, and Euroclear.
Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc.) and its effect on stock record/trial balances.
Proven track record of managing operational risk, processes, projects, and staff.
Strong knowledge of Broadridge GPS products (BPS, CAGE, Impact, Gloss).
Proven track record of successfully managing the allocation of collateral into triparty shells and running a funding operation.
Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc.).
Strong attention to detail.
Strong written and verbal communication skills.
Strong Excel skills (Pivot Tables, VLOOKUP, analysis of large data sets).
Proven self-starter with ability to think quickly under pressure.
Primary Location Full Time Salary Range of $150,000 - $180,000.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies offers, for eligible employees, an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (vacation), unplanned time off (sick leave), and paid holidays and paid parental leave.
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