Settlement & Reconciliation Specialist I

CI Financial•Chicago, IL

9d•$25 - $31•Onsite

About The Position

Join a team that values your ambition and empowers your growth At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.

Requirements

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.
For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents.
Must be willing to execute Corient’s Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure.

Nice To Haves

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.

Responsibilities

Trade Lifecycle Management 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.
Communication & Coordination 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.
Reconciliation & Data Accuracy 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.
Exception & Fail Management Research and resolve complex settlement issues, including trade fails, discrepancies, and unmatched confirmations.
Proactively follow up with counterparties on missing or incorrect documentation.
Systems & Data Maintenance Maintain and update standard settlement instructions (SSIs) for broker banks within internal systems and custodians on ALERT.
Specialized Account Handling Conduct manual reconciliations for accounts requiring physical or paper-based documentation.