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