Settlement & Reconciliation Specialist I
Corient is a wealth management platform that helps high- and ultra-high-net-worth individuals preserve their wealth and establish lasting legacies. They are seeking a Settlement & Reconciliation Specialist I to manage trade lifecycle processes, coordinate communications, and ensure data accuracy through daily reconciliations.
Responsibilities
- Process and book daily trades for all fixed income securities processed by the team
- Ensure accurate and timely trade notifications to custodians, brokers, and internal systems
- Monitor, match, and affirm DTC (The Depository Trust Company) confirms
- Serve as the primary contact for high-volume inquiries from brokers, custodians, and internal teams
- Collaborate with traders, operations teams, and counterparties to prevent and resolve settlement issues
- Serve as the primary backup for both fixed income and equity settlements, providing coverage for either function during colleague absences
- Perform daily and monthly reconciliations to confirm internal records match custodian and counterparty data
- Identify, investigate, and resolve breaks with a strong focus on root-cause prevention
- Research and resolve complex settlement issues, including trade fails, discrepancies, and unmatched confirmations
- Proactively follow up with counterparties on missing or incorrect documentation
- Maintain and update standard settlement instructions (SSIs) for broker banks within internal systems and custodians on ALERT
- Conduct manual reconciliations for accounts requiring physical or paper-based documentation
Skills
- Proficiency with Excel; strong typing speed and data-entry accuracy
- Ability to learn and navigate trade processing and reconciliation systems
- Strong deadline management and ability to meet strict market settlement windows
- High attention to detail and commitment to minimizing operational risk
- Excellent problem-solving abilities and comfort working in a fast-paced environment
- Strong organizational skills with the ability to manage multiple tasks simultaneously
- Clear and professional written and verbal communication with brokers, banks, and internal stakeholders
- Confidence in asking questions, escalating issues, and collaborating across teams
- Must be 18 years of age or older
- Must have unrestricted work authorization to work in the United States
- Experience in trade operations, settlements, or reconciliation
- Exposure to fixed income products (corporates, municipals, treasuries, mortgage-backed securities)
- Familiarity with DTC, ALERT and custodial platforms
- Experience in an RIA, asset manager, or broker-dealer environment
Benefits
- 401(k) Plan with Employer Matching
- Four Medical Plan options that is generously subsidized by Corient
- Employer paid Dental, Vision & Life and AD&D Insurance
- Employer paid Short-term & Long-term Disability
- Paid Maternity & Parental Leave
- Flexible Spending Accounts & Health Savings Accounts
- Dependent Care FSA
- Commuter & Transit FSA
- Corporate Discount Program - Perkspot
- Training Reimbursement
- Paid Professional Designations
- Giving back to the community - Volunteer days
Company Overview