Huntington National Bank
Trade Allocation and Settlement Analyst
Huntington National Bank, Addison, Texas, United States, 75001
Join to apply for the Trade Allocation and Settlement Analyst role at Huntington National Bank.
Description The Huntington Securities, Inc. (HSI) Trade Allocation Specialist is responsible for ensuring timely and accurate trade allocations and corrections for institutional clients. This role involves close coordination with internal teams, clients, and external counterparties to manage risk and maintain compliance with regulatory requirements.
Duties & Responsibilities
Manage daily trade allocation process
Identify and work with clients sending manual trade allocations to meet regulatory allocation requirements
Work with internal teams and clients to facilitate trade corrections
Process timely and accurate trade corrections
Conduct thorough research and analysis for all trade corrections
Utilize a strong understanding of financial markets to identify and mitigate potential operational risks
Stay up to date on industry regulations and compliance requirements related to trade allocations, corrections, and settlement
Create and maintain detailed documentation of allocation processes and procedures
Communicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlements
Collaborate with various internal teams to ensure smooth settlement processes
Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary
Process and reconcile daily trade settlements in a timely and accurate manner
Ensure timely and accurate settlement of trades, while mitigating operational risk
Monitor trade affirmations to comply with T+1 regulations
Provide support to other team members and assist with ad hoc projects as needed
Performs other duties as assigned
Basic Qualifications
Bachelor’s Degree
2 or more years of Broker Dealer trade allocations experience or comparable experience
FINRA Series 7
Preferred Qualifications
Collaborate with team members to ensure accurate and timely securities trade processing
Resolve operational or trading issues by coordinating with other departments and external parties
Complete in-depth investigations into all trade corrections, both internally and with clients to create timely resolutions
Experience working with MBS products, including TBA and Pools
Knowledge of securities regulations, compliance, and industry standards
Ability to manage multiple priorities in a fast-paced environment; adaptive to change
Ability to create and foster strong partnerships with business partners and work well in a team environment
Detail oriented with strong organizational skills
Bloomberg/TOMS/CTM
Strong understanding of securities markets and trading systems
Analytical, problem-solving, and communication skills
Exempt Status Not eligible for overtime pay (Exempt). Exempt Status: Yes.
Workplace Type Office. Certain positions outside our branch network may be eligible for a flexible work arrangement, combining in-office and work‑from‑home as appropriate.
Compensation Range 77,000.00 - 154,000.00 Annual. Colleagues are also eligible to participate in an applicable incentive compensation plan.
In addition to base salary, Huntington provides a variety of benefits including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
#J-18808-Ljbffr
Description The Huntington Securities, Inc. (HSI) Trade Allocation Specialist is responsible for ensuring timely and accurate trade allocations and corrections for institutional clients. This role involves close coordination with internal teams, clients, and external counterparties to manage risk and maintain compliance with regulatory requirements.
Duties & Responsibilities
Manage daily trade allocation process
Identify and work with clients sending manual trade allocations to meet regulatory allocation requirements
Work with internal teams and clients to facilitate trade corrections
Process timely and accurate trade corrections
Conduct thorough research and analysis for all trade corrections
Utilize a strong understanding of financial markets to identify and mitigate potential operational risks
Stay up to date on industry regulations and compliance requirements related to trade allocations, corrections, and settlement
Create and maintain detailed documentation of allocation processes and procedures
Communicate with internal and external stakeholders to provide status updates and resolve any issues or concerns related to settlements
Collaborate with various internal teams to ensure smooth settlement processes
Monitor and manage trade exceptions, ensuring prompt resolution and escalation when necessary
Process and reconcile daily trade settlements in a timely and accurate manner
Ensure timely and accurate settlement of trades, while mitigating operational risk
Monitor trade affirmations to comply with T+1 regulations
Provide support to other team members and assist with ad hoc projects as needed
Performs other duties as assigned
Basic Qualifications
Bachelor’s Degree
2 or more years of Broker Dealer trade allocations experience or comparable experience
FINRA Series 7
Preferred Qualifications
Collaborate with team members to ensure accurate and timely securities trade processing
Resolve operational or trading issues by coordinating with other departments and external parties
Complete in-depth investigations into all trade corrections, both internally and with clients to create timely resolutions
Experience working with MBS products, including TBA and Pools
Knowledge of securities regulations, compliance, and industry standards
Ability to manage multiple priorities in a fast-paced environment; adaptive to change
Ability to create and foster strong partnerships with business partners and work well in a team environment
Detail oriented with strong organizational skills
Bloomberg/TOMS/CTM
Strong understanding of securities markets and trading systems
Analytical, problem-solving, and communication skills
Exempt Status Not eligible for overtime pay (Exempt). Exempt Status: Yes.
Workplace Type Office. Certain positions outside our branch network may be eligible for a flexible work arrangement, combining in-office and work‑from‑home as appropriate.
Compensation Range 77,000.00 - 154,000.00 Annual. Colleagues are also eligible to participate in an applicable incentive compensation plan.
In addition to base salary, Huntington provides a variety of benefits including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
#J-18808-Ljbffr