Manager- US Treasury Clearing Project
Spectraforce
New York, New York
3 hours ago
Job Description
Role: Manager- US Treasury Clearing Project
Duration: 12 months with possibility of extension
Location: New York, NY 10017 - Hybrid- 2 to 3 days in the office, beginning with the need to be in the office 5 days a week for training
Notes from HM:
This role supports a regulatory-driven US Treasury Clearing initiative mandated by FINRA and FICC.
Key objective:
• All repo trades must be cleared and netted through GSCC
• Program includes both cash trades and repo transactions
• Implementation timeline: End of 2026 into early 2027
• Multi-phase rollout
• Program includes both cash trades and repo transactions
• Implementation timeline: End of 2026 into early 2027
• Multi-phase rollout
The team currently has a consultant leaving and is hiring a replacement for a hybrid project support and operations role.
Current Phase
• Development largely completed
• Currently in Functional Testing phase
• Functional testing will run for approximately 5–6 weeks
• Followed by 1 month of End-to-End (E2E) Testing
• E2E testing will include Finance, Reconciliation, and downstream reporting teams
• Currently in Functional Testing phase
• Functional testing will run for approximately 5–6 weeks
• Followed by 1 month of End-to-End (E2E) Testing
• E2E testing will include Finance, Reconciliation, and downstream reporting teams
They are entering test trades now and validating workflows before full downstream integration.
Role Overview
This is a hybrid role combining:
• Light Project Management oversight
• Settlement and Treasury operations knowledge
• GSCC netting expertise
• Coordination and reporting responsibilities
• Settlement and Treasury operations knowledge
• GSCC netting expertise
• Coordination and reporting responsibilities
There are dedicated project managers on the program. This role supports day-to-day execution and testing oversight and reports into Manager.
The person will:
• Stay on top of testing progress
• Review test cases and scenarios
• Ensure all scenarios are covered
• Identify potential settlement edge cases
• Coordinate across operations teams
• Provide updates to leadership
• Represent operations in project meetings
• Review test cases and scenarios
• Ensure all scenarios are covered
• Identify potential settlement edge cases
• Coordinate across operations teams
• Provide updates to leadership
• Represent operations in project meetings
Testing Expectations
Q: How hands-on is the testing component?
Answer:
• A dedicated testing resource is running execution
• This role will not primarily execute test trades
• They will review test case scenarios
• They will validate completeness of coverage
• May act as backup if required
• Will provide oversight and quality checks
• This role will not primarily execute test trades
• They will review test case scenarios
• They will validate completeness of coverage
• May act as backup if required
• Will provide oversight and quality checks
Testing involvement increases during E2E phase when downstream systems are engaged.
GSCC Interaction
Q: How heavily does the role interact with GSCC processes?
Answer:
• Very heavily
• 60–70% of the role involves GSCC
• Monitoring GSCC dashboards
• Ensuring mapping and netting functionality works correctly
• Validating trade flows into GSCC
• 60–70% of the role involves GSCC
• Monitoring GSCC dashboards
• Ensuring mapping and netting functionality works correctly
• Validating trade flows into GSCC
GSCC expertise is critical.
Broadridge Requirement
Q: If someone does not have Broadridge experience, can they still be considered?
Answer:
• Yes, but Broadridge is strongly preferred
• GSCC and Broadridge are industry standards for fixed income
• Most US Treasury / fixed income professionals will have exposure
• Would be unusual for someone with GSCC experience not to know Broadridge
• GSCC and Broadridge are industry standards for fixed income
• Most US Treasury / fixed income professionals will have exposure
• Would be unusual for someone with GSCC experience not to know Broadridge
Python Clarification
Q: How will Python be used and is it required?
Answer:
• Python is a nice to have
• Used for data analysis during testing phases
• Could help compare spreadsheets or reconcile results
• Not a decisive or mandatory skill
• Not a showstopper if missing
• Used for data analysis during testing phases
• Could help compare spreadsheets or reconcile results
• Not a decisive or mandatory skill
• Not a showstopper if missing
Additional Expectations from Irina
Irina emphasized that this is not purely a technical settlement role.
The candidate must:
• Have experience managing people and processes
• Represent operations in front of senior leadership
• Coordinate across operations teams
• Organize UAT participation
• Manage staff training coordination
• Update procedures
• Provide operational overviews
• Be highly organized and detail-oriented
• Be comfortable acting as a central facilitator
• Represent operations in front of senior leadership
• Coordinate across operations teams
• Organize UAT participation
• Manage staff training coordination
• Update procedures
• Provide operational overviews
• Be highly organized and detail-oriented
• Be comfortable acting as a central facilitator
JIRA familiarity is beneficial.
This role requires someone who can act as the operational middle layer between project leadership and operational teams.
Ideal Candidate Profile
Must Have:
• Strong US Treasury settlement experience
• GSCC netting experience
• Fixed income trade lifecycle knowledge
• Understanding of repo and cash trade flows
• Experience working through testing phases
• Strong coordination and organizational skills
• GSCC netting experience
• Fixed income trade lifecycle knowledge
• Understanding of repo and cash trade flows
• Experience working through testing phases
• Strong coordination and organizational skills
Preferred:
• Broadridge experience
• Project coordination experience
• UAT coordination exposure
• Python (nice to have)
• JIRA familiarity
• Project coordination experience
• UAT coordination exposure
• Python (nice to have)
• JIRA familiarity
Not Required:
• Full project manager background
• Deep hands-on testing execution
• Pure technical development skills
• Deep hands-on testing execution
• Pure technical development skills
Role Positioning
This is not:
• A pure project manager role
• A pure settlement processing role
• A pure technical data role
• A pure settlement processing role
• A pure technical data role
This is:
• An operations-facing project support lead
• Heavy GSCC oversight
• Testing oversight and coordination
• Regulatory-driven transformation support
• Stakeholder-facing within senior leadership context
• Heavy GSCC oversight
• Testing oversight and coordination
• Regulatory-driven transformation support
• Stakeholder-facing within senior leadership context
Recruiter Screening Focus
Prioritize candidates with:
• Direct GSCC exposure
• US Treasury fixed income settlement background
• Repo clearing knowledge
• Experience coordinating UAT or E2E testing
• Strong communication and leadership presence
• Ability to oversee processes and manage multiple stakeholders
• US Treasury fixed income settlement background
• Repo clearing knowledge
• Experience coordinating UAT or E2E testing
• Strong communication and leadership presence
• Ability to oversee processes and manage multiple stakeholders
This is a regulatory program tied to FINRA/FICC mandates, and GSCC experience is the core anchor skill.
CANDIDATE PROFILE DETAILS:
Degree/Certifications Required: more about the experience
Years of experience: 8 years
For information on benefits, equal opportunity employment, and location-specific applicant notices, click here
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 85.00/hr.