US Securities Settlements - Boston

COMPANY OVERVIEW

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

Role

KKR's Credit Middle Office seeks a professional to support all aspects of securities and credit derivatives settlement. The individual will support DTC and Euroclear settlements, physical certificates, and derivatives clearing for multiple trading platforms within the firm.

Responsibilities

• Coordinate with brokers, custodians, and third-party settlement service providers to ensure timely instruction and matching of trades
• Settle trades and communicate with various parties to resolve any confirmation, matching, and settlement issues
• Monitor daily failing trades; escalate potential buy-ins and other economically impactful issues to traders and operations management
• Coordinate with front office and other support teams, locally and globally, to address trade related inquiries and issues
• Confirmation / Affirmation of cash and derivatives trades
• Coordinate with various internal teams such as Treasury, Legal, Compliance, and Finance on settlement and other account issues as needed
• Work with operational onboarding team to ensure timely and accurately set up new accounts on internal systems and Omgeo Alert
• Identify control gaps and offer solutions related to settlements and trade operations processes
• Proactively identify opportunities to improve processes and raise service level to internal clients

Qualifications

• Minimum 2 years’ experience in securities settlements, ideally in an alternative asset management firm
• Knowledge of corporate bonds, mortgage-backed securities, and equities
• Knowledge of credit derivatives - both cleared and OTC, ISDA, short sales, and portfolio margining
• Experience with multiple settlement methods including DTC, Euroclear/Clearstream, Physical Securities, DTCC and ICE Link for derivatives matching and clearing
• Understanding of bond repos
• Awareness of risks and controls related to T+1 Settlements

Interpersonal and Business Skills

• High level attention to detail and the ability to resolve problems effectively and quickly
• Strong organizational and time management skills: Be able to take on multiple requests at once and effectively complete tasks in a time efficient manner
• Flexibility and the ability to adapt to change in a dynamic environment
• Ability to build relationships across teams
• Customer service oriented (managing internal and external clients)
• Strong work ethic with the ability to quickly grasp key concepts
• Strong written and oral communication skills

Preferred Qualifications/Experience With:

• Convertible bonds, commercial paper, options and trade claims
• Working with outsourced service providers
• BMS Everest, Eze OMS, and Advent Geneva

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