Trade Allocation and Settlement Analyst (Chicago)

Trade Allocation Specialist

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 :

Preferred Qualifications :

Exempt Status : Yes = not eligible for overtime pay

Workplace Type : Office

Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds : in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range : 77,000.00 - 154,000.00 Annual

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, 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.

Note to Agency Recruiters : Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.