# Settlement Specialist

*/JobTypes/Settlement_Specialist*

## Neighborhood

### Related (signature role)

- [Payment Processing Service](/CompanyTypes/Payment_Processing_Service) — signature role · CompanyTypes
- [Payment Processing Company](/CompanyTypes/Payment_Processing_Company) — signature role · CompanyTypes
- [Bank Payment Services Provider](/CompanyTypes/Bank_Payment_Services_Provider) — signature role · CompanyTypes
- [Energy Trading Services Provider](/CompanyTypes/Energy_Trading_Services_Provider) — signature role · CompanyTypes
- [Energy Trading Service Provider](/CompanyTypes/Energy_Trading_Service_Provider) — signature role · CompanyTypes
- [Energy Trading Services Firm](/CompanyTypes/Energy_Trading_Services_Firm) — signature role · CompanyTypes
- [Transportation Management Service](/CompanyTypes/Transportation_Management_Service) — signature role · CompanyTypes
- [Transport Management Service Provider](/CompanyTypes/Transport_Management_Service_Provider) — signature role · CompanyTypes
- [Meter Data Agency](/CompanyTypes/Meter_Data_Agency) — signature role · CompanyTypes
- [Central Counterparty Clearinghouses](/CompanyTypes/Central_Counterparty_Clearinghouses) — signature role · CompanyTypes
- [Central Bank Processing & Clearing Center](/CompanyTypes/Central_Bank_Processing_&_Clearing_Center) — signature role · CompanyTypes

### Related (staff)

- [Payment Operations](/Departments/Payment_Operations) — staff · Departments
- [Cash Operations](/Departments/Cash_Operations) — staff · Departments
- [Treasury Operations](/Departments/Treasury_Operations) — staff · Departments

### Related (delivered by)

- [Manage preauthorizations](/Processes/Manage_preauthorizations) — delivered by · Processes
- [Manage exchange reconciliations](/Processes/Manage_exchange_reconciliations) — delivered by · Processes

### Perform

- [Resolve Counterparty Settlement Queries](/Tasks/Resolve_Counterparty_Settlement_Queries) — perform · Tasks
- [Reconcile Custodian Positions](/Tasks/Reconcile_Custodian_Positions) — perform · Tasks
- [Execute wire transfers of funds.](/Tasks/Execute_wire_transfers_of_funds.) — perform · Tasks
- [Escalate Aged Breaks To Front Office And Counterparties](/Tasks/Escalate_Aged_Breaks_To_Front_Office_And_Counterparties) — perform · Tasks
- [Confirm settlement instructions with counterparties](/Tasks/Confirm_settlement_instructions_with_counterparties) — perform · Tasks
- [Coordinate Closing Details with Agents and Counterparties](/Tasks/Coordinate_Closing_Details_with_Agents_and_Counterparties) — perform · Tasks
- [Verify Funding Conditions Are Satisfied](/Tasks/Verify_Funding_Conditions_Are_Satisfied) — perform · Tasks
- [Disburse Funds to Parties per Instructions](/Tasks/Disburse_Funds_to_Parties_per_Instructions) — perform · Tasks
- [Resolve Discrepancies in Settlement Figures](/Tasks/Resolve_Discrepancies_in_Settlement_Figures) — perform · Tasks
- [Maintain Compliant Settlement Files and Records](/Tasks/Maintain_Compliant_Settlement_Files_and_Records) — perform · Tasks
- [Prepare Settlement Statements and Disbursement Schedules](/Tasks/Prepare_Settlement_Statements_and_Disbursement_Schedules) — perform · Tasks
- [Investigate Failed Settlements](/Tasks/Investigate_Failed_Settlements) — perform · Tasks
- [Maintain Standing Settlement Instructions](/Tasks/Maintain_Standing_Settlement_Instructions) — perform · Tasks
- [Match Counterparty Confirmations](/Tasks/Match_Counterparty_Confirmations) — perform · Tasks
- [Prepare Daily Settlement Reports](/Tasks/Prepare_Daily_Settlement_Reports) — perform · Tasks
- [Validate contract terms against amounts actually paid](/Tasks/Validate_contract_terms_against_amounts_actually_paid) — perform · Tasks
- [Resolve Settlement Discrepancies](/Tasks/Resolve_Settlement_Discrepancies) — perform · Tasks
- [Coordinate settlement timing with counterparties](/Tasks/Coordinate_settlement_timing_with_counterparties) — perform · Tasks
- [Apply payments and reconcile accounts](/Tasks/Apply_payments_and_reconcile_accounts) — perform · Tasks
- [Process incoming and outgoing settlement payments](/Tasks/Process_incoming_and_outgoing_settlement_payments) — perform · Tasks
- [Prepare and process settlement documentation](/Tasks/Prepare_and_process_settlement_documentation) — perform · Tasks
- [Maintain settlement logs and records](/Tasks/Maintain_settlement_logs_and_records) — perform · Tasks
- [Escalate unresolved settlement issues](/Tasks/Escalate_unresolved_settlement_issues) — perform · Tasks

### Uses software

- [Document Management System](/Software/Document_Management_System) — uses software · Software
- [Wire Transfer Platforms](/Software/Wire_Transfer_Platforms) — uses software · Software
- [Settlement Processing Software](/Software/Settlement_Processing_Software) — uses software · Software
- [Core Banking System](/Software/Core_Banking_System) — uses software · Software
- [DTCC Settlement Systems](/Software/DTCC_Settlement_Systems) — uses software · Software
- [Reconciliation Software](/Software/Reconciliation_Software) — uses software · Software
- [SWIFT Messaging Platform](/Software/SWIFT_Messaging_Platform) — uses software · Software
- [Document Management Software](/Software/Document_Management_Software) — uses software · Software
- [Payment Processing System](/Software/Payment_Processing_System) — uses software · Software
- [ERP System](/Software/ERP_System) — uses software · Software
- [Microsoft Excel](/Software/Microsoft_Excel) — uses software · Software

### Engage in

- [Verify Funding Conditions Are Satisfied](/Activities/Verify_Funding_Conditions_Are_Satisfied) — engage in · Activities
- [Prepare Settlement Statements and Disbursement Schedules](/Activities/Prepare_Settlement_Statements_and_Disbursement_Schedules) — engage in · Activities
- [Disburse Funds to Parties per Instructions](/Activities/Disburse_Funds_to_Parties_per_Instructions) — engage in · Activities
- [Confirm Trade Settlement Instructions](/Activities/Confirm_Trade_Settlement_Instructions) — engage in · Activities
- [Investigate Failed Settlements](/Activities/Investigate_Failed_Settlements) — engage in · Activities
- [Reconcile Cash and Securities Positions](/Activities/Reconcile_Cash_and_Securities_Positions) — engage in · Activities
- [Resolve Settlement Discrepancies](/Activities/Resolve_Settlement_Discrepancies) — engage in · Activities
- [Process incoming and outgoing settlement payments](/Activities/Process_incoming_and_outgoing_settlement_payments) — engage in · Activities
- [Prepare and process settlement documentation](/Activities/Prepare_and_process_settlement_documentation) — engage in · Activities

### Required skills

- [Settlement Document Preparation](/Skills/Settlement_Document_Preparation) — requires skill · Skills
- [Reconciliation](/Skills/Reconciliation) — requires skill · Skills
- [Funds Disbursement Processing](/Skills/Funds_Disbursement_Processing) — requires skill · Skills
- [Deadline Management](/Skills/Deadline_Management) — requires skill · Skills
- [Client Communication](/Skills/Client_Communication) — requires skill · Skills
- [Data Entry Accuracy](/Skills/Data_Entry_Accuracy) — requires skill · Skills
- [Exception Investigation](/Skills/Exception_Investigation) — requires skill · Skills
- [Reconciliation Processing](/Skills/Reconciliation_Processing) — requires skill · Skills
- [Time Management](/Skills/Time_Management) — requires skill · Skills
- [Written Communication](/Skills/Written_Communication) — requires skill · Skills
- [Account Reconciliation](/Skills/Account_Reconciliation) — requires skill · Skills
- [Attention to Detail](/Skills/Attention_to_Detail) — requires skill · Skills
- [Discrepancy Resolution](/Skills/Discrepancy_Resolution) — requires skill · Skills
- [Document Preparation](/Skills/Document_Preparation) — requires skill · Skills
- [Record Keeping](/Skills/Record_Keeping) — requires skill · Skills
- [Payment Processing](/Skills/Payment_Processing) — requires skill · Skills

### Required knowledge

- [Settlement and Closing Regulations](/Knowledge/Settlement_and_Closing_Regulations) — requires knowledge · Knowledge
- [Escrow and Trust Accounting Rules](/Knowledge/Escrow_and_Trust_Accounting_Rules) — requires knowledge · Knowledge
- [Contract Terms and Conditions](/Knowledge/Contract_Terms_and_Conditions) — requires knowledge · Knowledge
- [Accounting Principles](/Knowledge/Accounting_Principles) — requires knowledge · Knowledge
- [Banking Regulations](/Knowledge/Banking_Regulations) — requires knowledge · Knowledge
- [Counterparty Documentation](/Knowledge/Counterparty_Documentation) — requires knowledge · Knowledge
- [Payment Systems and Wire Protocols](/Knowledge/Payment_Systems_and_Wire_Protocols) — requires knowledge · Knowledge
- [Securities Settlement Cycles](/Knowledge/Securities_Settlement_Cycles) — requires knowledge · Knowledge
- [Contract obligations](/Knowledge/Contract_obligations) — requires knowledge · Knowledge
- [Settlement Procedures](/Knowledge/Settlement_Procedures) — requires knowledge · Knowledge
- [Financial Record Keeping](/Knowledge/Financial_Record_Keeping) — requires knowledge · Knowledge
- [Payment Systems](/Knowledge/Payment_Systems) — requires knowledge · Knowledge

### Requires ability

- [Oral Comprehension](/Ability/Oral_Comprehension) — requires ability · Ability
- [Attention to Detail](/Ability/Attention_to_Detail) — requires ability · Ability
- [Numerical Reasoning](/Ability/Numerical_Reasoning) — requires ability · Ability
- [Working Memory](/Ability/Working_Memory) — requires ability · Ability
- [Number Facility](/Ability/Number_Facility) — requires ability · Ability
- [Perceptual Speed](/Ability/Perceptual_Speed) — requires ability · Ability
- [Selective Attention](/Ability/Selective_Attention) — requires ability · Ability

### Type of

- [Financial Specialists, All Other](/Occupations/Financial_Specialists,_All_Other) — type of · Occupations
- [Brokerage Clerks](/Occupations/Brokerage_Clerks) — type of · Occupations

### Problems this exposes

- [DTC/CSD settlement fails forcing manual buy-in chasing and predict/recall calls to resolve short positions before the buy-in cutoff](/Problems/DTC%2FCSD_settlement_fails_forcing_manual_buy-in_chasing_and_predict%2Frecall_calls_to_resolve_short_positions_before_the_buy-in_cutoff) — exposes problem · Problems
- [Nostro/custodian cash and stock reconciliation breaks investigated line-by-line across statements with no auto-pairing](/Problems/Nostro%2Fcustodian_cash_and_stock_reconciliation_breaks_investigated_line-by-line_across_statements_with_no_auto-pairing) — exposes problem · Problems
- [Corporate action entitlements (dividends, splits) landing mid-settlement and re-opening already-instructed trades for adjustment](/Problems/Corporate_action_entitlements_(dividends,_splits)_landing_mid-settlement_and_re-opening_already-instructed_trades_for_adjustment) — exposes problem · Problems
- [CTM/Oasys trade affirmation breaks where block-vs-allocation economics mismatch the counterparty and must be reconciled by hand before affirmation deadline](/Problems/CTM%2FOasys_trade_affirmation_breaks_where_block-vs-allocation_economics_mismatch_the_counterparty_and_must_be_reconciled_by_hand_before_affirmation_deadline) — exposes problem · Problems
- [SWIFT MT540-543 instruction mismatches against counterparty SSIs causing unmatched status at the depository](/Problems/SWIFT_MT540-543_instruction_mismatches_against_counterparty_SSIs_causing_unmatched_status_at_the_depository) — exposes problem · Problems
- [T+1 compression collapsing the exception-resolution window, so same-day breaks can't be worked before cutoff](/Problems/T+1_compression_collapsing_the_exception-resolution_window,_so_same-day_breaks_can't_be_worked_before_cutoff) — exposes problem · Problems
- [Standing settlement instruction (SSI) database drift — stale custodian/nostro accounts in ALERT routing instructions to the wrong place](/Problems/Standing_settlement_instruction_(SSI)_database_drift_—_stale_custodian%2Fnostro_accounts_in_ALERT_routing_instructions_to_the_wrong_place) — exposes problem · Problems
- [FX leg settlement missing CLS cutoff, splitting a delivery-vs-payment trade into separate cash and securities risk legs](/Problems/FX_leg_settlement_missing_CLS_cutoff,_splitting_a_delivery-vs-payment_trade_into_separate_cash_and_securities_risk_legs) — exposes problem · Problems