Equity Settlement Associate

Job Description

Equity Settlement Associate:
On behalf of our financial client, Procom is searching for an Equity Settlement Associate for a 12-month role. This position is a hybrid position with 3 days onsite at our client’s Jersey City, New Jersey 07311 office.

Equity Settlement Associate - Job Description:
The Equity Settlement Associate supports North American equity trading operations by managing trade settlements, custody positions, and prime brokerage activities across various markets. The role ensures accurate and timely transaction processing, supports increasing business volumes and reporting requirements, and operates within a collaborative, cross-functional team environment.

Equity Settlement Associate - Responsibilities:
• Execute and monitor global securities settlements.
• Resolve breaks, confirmations, and discrepancies promptly.
• Manage cash movements and ensure accurate postings in the bank’s books and records.
• Provide guidance on corporate actions and entitlements.
• Act as backup for team members and manager.
• Assist in workflow coordination, quality control, and training initiatives.
• Maintain adherence to regulatory requirements such as SEC, FINRA, and REG 204 Buy-In.
• Identify and escalate risk breakdowns in processes.
• Support business continuity planning and testing.
• Participate in process enhancements and system upgrades.
• Analyze data for insights and recommend improvements.

Equity Settlement Associate - Mandatory Skills:
• Bachelor’s degree in Finance, Business, or related field (preferred).
• 5-10 years of experience in securities settlement or capital markets operations.
• Proficiency with Broadridge platforms: BPS, GFW, PostEdge.
• Experience with BONY systems and Treasury Edge.
• Knowledge of clearing and settlement portals: DTCC, NSCC, CDS, DTC/OCC/Arrow.
• Strong understanding of regulatory requirements and risk management principles.
• Ability to manage complex issues independently.

Equity Settlement Associate – Nice-to-Have Skills:
• Experience in domestic and international capital markets operations.
• Familiarity with regulatory reporting and compliance standards.
• Knowledge of margin calculations under Federal Reserve Regulation T.
• Experience handling restricted shares (Rule 144) and DTC Global Lock securities.
• Understanding of treasury management and collateral sourcing for margin.

Equity Settlement Associate – Assignment Length:
This is a 12-month contract position with the possibility of extension.

Equity Settlement Associate - Start Date:
ASAP.

Equity Settlement Associate - Assignment Location:
Jersey City, New Jersey, 07311 United States. Hybrid role with 3 days in office.