Global Settlements and Operations Associate

Position Description

Global Settlement and Operations Associate

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Status: Full-Time Employee

Location: New York, New York

Education: Bachelor’s degree or higher in Finance, Economics, or Business

Reporting To: Head Of Operations

Company Description:

Silvercrest Asset Management Group LLC is a leading independent, registered investment advisor offering bespoke asset management and family office services to ultra-high-net-worth families and select institutional investors. Founded in 2002, Silvercrest provides a range of tailored investment strategies and wealth management solutions, specializing in long-term, customized planning and advisory services. The firm advises on over $36 billion in assets, serving a distinguished clientele, including families, endowments, foundations, and other institutional investors. Silvercrest's commitment to a client-centric approach ensures personalized solutions emphasizing fiduciary responsibility and value creation. The firm combines proprietary research with institutional rigor, supporting clients with expertise across public and private markets, alternative investments, and family office services.

Job Objective:

We are seeking a detail-oriented and proactive Global Settlement and Operations Associate to join our Operations team. This role is integral to ensuring the smooth settlement of global trades, supporting operational processes, and maintaining compliance with regulatory requirements. The ideal candidate will have broad, international settlement experience beyond a single region and a track record of success in complex multi-market environments.

Trade Settlement and Reconciliation:

• Manage the settlement of equity, fixed income, and derivative trades across global markets, including North America, EMEA, APAC, and LATAM. Reconcile daily trade activity, ensuring accuracy between internal systems, custodians, and counterparties.
• Proactively resolve international settlement breaks, considering local market nuances, time zone cutoffs and currency implications.
• Monitor evolving settlement cycles (e.g., T+1 transitions) and maintain compliance with jurisdiction specific rules.

Operational Support:

• Coordinate multi-currency cash flow operations, including FX settlements and international fund movements.
• Lead the onboarding of global custodians, brokers, and settlement agents, ensuring international compliance and readiness. Support portfolio accounting by reconciling positions and transactions against custodian records.

Partner with Compliance to meet regulatory obligations under global frameworks such as EMIR, MiFID II, or CSDR.

System and Process Improvement:

Recommend enhancements to international settlement workflows and controls. Participate in operational due diligence and testing of systems upgrades and global workflow improvements. Maintain and refine internal documentation on global trade operations, ensuring alignment with best practices and local laws.

Reporting and Communication:

Deliver reporting packages on global settlement activity, exposure, and reconciliation outcomes to investment and compliance teams. Serve as the primary contact for portfolio managers and counterparties in resolving cross-border operational issues. Contribute to regulatory and internal audit responses involving global operational matters.

Qualifications:

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field. Advanced degrees or certifications (e.g., CFA, CAIA, CIPM) are a plus.
• 5+ years of experience in global operations and settlements, ideally covering multiple regions and asset classes.
• Extensive familiarity with international settlement systems (e.g., Euroclear, Clearstream, CREST, NSDL/CDSL, DTCC), FX, and SWIFT protocols.
• Demonstrated proficiency in navigating regional differences in settlement cycles, holidays, and cutoffs.
• Hands-on experience with systems like Bloomberg AIM, CTM, Moxy, APX, or similar OMS/reconciliation tools.
• Strong analytical and problem-solving skills with high attention to detail.
• Technical skills in Excel (advanced), VBA, or SQL are advantageous. Excellent communication and interpersonal skills for working with internal and external stakeholders.

We anticipate the base salary range for this position at Silvercrest Asset Management Group LLC to be approximately $100,000-135,000 USD. The actual base compensation offered will be determined by various factors, including, but not limited to, the candidate's relevant years of experience, career progression, qualifications, educational background, certifications or professional licenses, and role-specific skills. Base salary represents one element of Silvercrest Asset Management’s comprehensive compensation package, which also includes robust benefits and may include incentive-based compensation.

Silvercrest Asset Management Group LLC is an Equal Opportunity Employer.