Senior Administrator – Settlements

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Empower

WebsiteLinkedInAll Job Openings

10,000+ employees

💸 Finance

💳 Fintech

👥 B2C

Finance • Fintech • B2C

Empower is a leading provider of financial services focused on helping individuals and organizations achieve financial freedom through retirement planning and investment management. Serving over 19 million Americans, Empower offers a comprehensive suite of finance-related services, including smart planning and investment advice, and tools like the Empower Personal Dashboard™ for a complete financial view. The company is renowned as a top retirement plan provider and works closely with personal investors, workplace plan savers, plan sponsors, and financial professionals. Empower is also recognized for initiatives in Diversity, Equity, Inclusion, and has a social commitment that bolsters community impact.

📋 Description

• Process, clear, and settle complex domestic and international securities transactions and derivative instruments • Support the complete trade lifecycle from front-office execution through accounting, settlement, security master maintenance, derivative support, and exception management • Confirm trades with counterparties and notify custodian banks of pending settlements • Monitor failed trades, settlement queues, cash and position breaks, and high-risk or high-value transactions • Research and resolve complex settlement discrepancies and exceptions with brokers, custodians, traders, counterparties, and internal partners • Perform manual trade entry and process structured-security factors and broker cash settlements • Set up, review, maintain, and validate Security Master Files using Bloomberg, IDC, OnBase, custodians, and internal systems • Research security reference data, corporate actions, pricing, identifiers, settlement instructions, and market information using Bloomberg Terminal • Set up and settle OTC derivatives, reconcile margin cash movements, and process swap payments • Fund private placements and open global custody accounts for international portfolios • Process sub-advised trades, including dollar rolls and TBA transactions • Monitor institutional trade matching, affirmations, and settlement status using DTCC CTM TradeSuite • Maintain Standing Settlement Instructions using DTCC ALERT • Ensure compliance with settlement deadlines, market conventions, and regulatory requirements • Participate in settlement-system testing, implementation, enhancements, automation, and process improvements • Support month-end, quarter-end, and year-end operational activities • Maintain operating procedures and support audit, compliance, and internal control requests • Escalate operational risks and settlement issues • Develop working relationships with traders, portfolio managers, custodians, brokers, counterparties, Legal, Treasury, Accounting, Compliance, and other business partners

🎯 Requirements

• Bachelor's degree in Accounting, Finance, Business, or a related field, or equivalent work experience • Three (3) years of directly related experience in investment operations, trade settlements, investment administration, or related financial services • Without a degree, an additional two (2) years of directly related experience required • Strong knowledge of securities, fixed income, mortgage-backed securities, derivatives, and institutional settlement processes • Experience managing the trade lifecycle from execution through settlement and reconciliation • Experience with Bloomberg Terminal for security research, reference data, and Security Master maintenance • Experience with DTCC CTM TradeSuite, DTCC ALERT, or similar institutional trade matching and settlement platforms • Experience maintaining Security Master Files and validating investment reference data • Knowledge of domestic and global market settlement practices and market conventions • Experience working with multiple global custodians, brokers, counterparties, and external investment managers • Intermediate to advanced Microsoft Excel skills • Ability to manage multiple priorities and meet critical deadlines in a fast-paced operational environment • Strong analytical, problem-solving, organizational, and communication skills • High attention to detail and commitment to accuracy

🏖️ Benefits

• Flexible work environment • Fluid career paths and internal mobility • Purpose, well-being, and work-life balance focus • Welcoming and inclusive environment • Volunteer opportunities • Reliable high-speed internet with a wired connection required for remote positions • Necessary computer equipment provided