Financial Services

Associate, Fixed Income Operations

New YorkOnsiteFull TimePosted 1 month ago

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Required skills

Fixed Income Operations
Settlements
Trade Lifecycle Management
Reconciliations
Trade Support
Corporate Actions
Global Markets
Detail Oriented

Nice to have

DTC
Euroclear
Fedwire
Excel
Python
SQL

Role summary

Nearwater Capital is seeking an Associate for its Risk Retention business within Operations. This role is responsible for the accurate and timely settlement of security purchases, sales, repo transactions, invoicing, and reporting. Key responsibilities include communicating with custodians, monitoring settlements, confirming transactions, coordinating with accounting, and ensuring regulatory compliance. The ideal candidate will have 2-5+ years of direct experience in financial services fixed income operations and settlements, with strong organizational and problem-solving skills. Preferred qualifications include experience with DTC, Euroclear, Fedwire, and data analysis tools like Python, SQL, or Power BI. This is a 100% work-from-office role in New York City.

THE OPPORTUNITY

This role sits within Operations supporting Nearwater's Risk Retention business, one of the firm's three business lines alongside Liquid Markets and Capital Markets, and is directly responsible for the accurate and timely settlement of security purchases and sales, repo transactions, invoicing, and other reporting requirements. It requires close coordination with our third-party custodian bank, counterparties, and trading teams, and also provides back-up support to the settlement process for the Risk Retention business.

WHAT YOU'LL DO

Communicate with securities custodians to affect purchases of securities, wires, and other related settlement and administrative activities

Monitor all trade settlements and coordinate with the custodian and counterparties to address any settlement issues

Confirm security settlements and cash flows with the custodian bank and counterparties

Keep management appraised of current settlement status and escalate issues as needed

Coordinate with the accounting team to ensure all required information is available to book transactions

Ensure invoices are sent to clients on a timely basis

Work with service providers to ensure regulatory reporting requirements are met

Monitor bank accounts for incoming payments and follow up with counterparties on missing or late payments

Provide the trading desk with end-of-day positions

Support special projects as needed

WHAT WE'RE LOOKING FOR

Required:

Bachelor's degree or equivalent background and experience

2–5+ years of direct experience in a financial services organization performing fixed income operations and settlements including trade lifecycle and industry technology. Familiar with Enfusion a plus

Operational Expertise: demonstrate considerable understanding of key operational functions such as Settlements, Trade Lifecycle Management, Reconciliations, Trade Support and Corporate Actions within Global Markets

Excellent organizational skills and superior problem-solving capabilities

Strong verbal and written communication skills

A team player who is detail oriented, with the ability to operate independently, multi-task and prioritize appropriately

Preferred:

Experience with DTC, Euroclear, and Fedwire settlements

Advanced Excel and experience with data-analysis or automation tools (e.g., Python, SQL, VBA, Power BI) to improve reporting accuracy and efficiency.

HOW YOU WORK

Take ownership of a process end to end and follow through until it's actually resolved

Move with urgency when something looks off, chasing down a discrepancy or unconfirmed settlement before it becomes a bigger problem

Keep people informed as a matter of course, flagging status and issues without being asked

Look for ways to automate or streamline manual steps in the settlement process

WHAT YOU'LL GET

Real ownership of a function where accuracy and timeliness are visible immediately

Direct, regular contact with trading, accounting, and senior leadership, with no layers in between

A front-row seat to the full settlement lifecycle as the Risk Retention business scales

A track record you can point to quickly, since the impact of the work shows up in real time

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.

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