Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
Job Description
Primary functions and essential responsibilities:
• Perform detailed reconciliations of trade attributes - including traded quantity, price and asset - to ensure alignment with counterparty records
• Knowledge of Bond, ABS and FX settlement workflows
• Existing knowledge of SWIFT and Euroclear. Clearstream, DTCC systems, including the ability to initiate and manage trade amendments via SWIFT.
• Proven experience in resolving trade failures with custodians and counterparties
• Knowledge of MIFID II and/or EMIR reporting advantageous
• Knowledge of CSDR-Claims process
• Attention to detail when loading and updating trades as needed in our OMS
• Communicates well and able to organize workload to meet deadlines
• Strong attention to detail when dealing with wire uploads
• Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing activity to ensure accuracy.
• Proactively research, resolve and prevent settlement cash and par breaks with custodian banks and third-party administrators
• Timely crosschecking of trades with funding memos/Transparent Par, booking trade fees as per funding memo, and settle with correct quantity
• Knowledge of loan settlements workflow and prior use of Clearpar advantageous
• Handle adhoc requests in a timely fashion
• Identify opportunities and work with all internal and external stakeholders to improve process efficienci