Operations Specialist

Operations Specialist =======================

We are seeking an experienced Operations Specialist to join our team in New York. As an Operations Specialist, you will play a critical role in supporting the end-to-end trade lifecycle for core fixed income and financing products.

Responsibilities ---------------

• Support the trade lifecycle for core fixed income and financing products, including U.S. Treasuries, corporate bonds, mortgage-backed securities, foreign sovereign and corporate bonds, and repo transactions.
• Execute and monitor daily settlement activity directly with Bank of New York and across multiple prime brokers.
• Coordinate daily with counterparties, custodian banks, prime brokers, and internal stakeholders to facilitate trade confirmations, resolve settlement exceptions and fails, and address corporate action and servicing-related inquiries.
• Perform daily reconciliations of cash, positions, and trades, investigate discrepancies, and drive resolution of assigned breaks within established service levels.
• Assist with intraday cash management related to settlement activity through prime brokers.
• Support monthly P&I processing and resolve discrepancies with agent banks and custodians.

Qualifications ------------

• Bachelor's degree in Finance, Economics, Accounting, or a related discipline.
• 3-5 years of experience in buy-side operations, middle office, prime brokerage servicing, custody, or fixed income settlements.
• Working knowledge of fixed income products and post-trade processing.
• Experience managing trade confirmations, settlement exceptions/fails, and break resolution.
• Proficiency with reconciliations across cash, positions, and trades.
• Strong Excel skills and comfort working with large data sets.
• Experience with order management, trade capture, or post-trade systems is preferred.

Benefits --------

Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future.