• Settlements Analyst

    Location : Location US-TN-Nashville
    Operations & Technology
    Position Type
  • Company Overview

    AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.


    OPS Group Description:

    Provide a brief overview of the OPS group, including the core businesses and business functions and applications the group supports, or, if an enterprise-servicing group, what enterprise functions and applications it supports:


    OPS Job Description:

    We are seeking a Nashville-based Derivative Settlements Analyst to join our Settlements Team in the Derivative Operations.


    The OTC Settlements Associate will:

    • Affirm / confirm cash settlement for executed deals with the various counterparties
    • Transmit cash instructions to custodians, administrators and other relevant third parties
    • Liaison with custodians, administrators, counterparties, AB OTC Middle Office and AB OTC Trade Documentation teams to resolve affirmation / confirmation discrepancies and / or settlement failures

    The primary applications used to support this role are Microsoft Access and Calypso

    AllianceBernstein is an equal opportunity employer.  We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.


    • Ensure all aspects of OTC Derivative trade settlement affirmation are carried out in a timely manner
    • Maintain and exchange static data and settlement instructions for 300+ legal entities
    • Maintain counterparty static data and settlement instructions
    • Perform upfront/ termination/ and exercise fee settlement and reset and roll calculations for relevant OTC deals as required
    • Assist with the implementation of industry initiatives and internal operational efficiencies and improvements
    • Perform ad-hoc requests, support and analysis
    • Promptly identify, track and settle all outgoing and incoming payments 

    This role will immerse a candidate into the inner working of OTC derivatives to work through the settlements of both trade execution and lifecycle events including corporate actions, credit events and resets. A successful candidate will also be able to cultivate relationships with AB’s dealer middle and back office teams while also coordinating with other internal operations teams.


    This role will also offer candidates an opportunity to develop a deep understanding of the OTC markets, honing professional skills on presenting to senior audiences and the opportunity to grow within a niche part of the financial industry.


    The ideal candidate should have a degree in finance, economics or another relevant discipline and 1-3 years of experience supporting settlement functions related to OTC Derivatives on the sell-side or buy-side.  


    The Settlements Analyst will need to strongly demonstrate the following:

    • Time management ability
    • Effective problem solving skills
    • Oral and written communication skills
    • Attention to detail
    • Builds productive relationships with other internal and external parties

    Our Settlements Analysts typically have track records of outstanding professional performance or academic achievement, along with excellent analytical skills and financial skills as well as strong communication skills.  Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences. Our middle office analysts will use Bloomberg, ICE, Markit, DTCC and Calypso extensively so a thorough understanding of these tools is required.


    An understanding of OTC Derivative products or familiarity with general trade support, settlement and middle office functions.



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