Settlements Analyst

5 days ago


Belfast, United Kingdom TP ICAP Full time
Job Overview

The Settlements team at TP ICAP plays a vital role in supporting our Fixed Income and Cash Equity broking desks across various EMEA locations. Their primary responsibility is to ensure timely and accurate matching of trades within a controlled environment. This involves settling principal bond, equity, and money market instruments through Euroclear or local domestic markets, utilizing an agent bank network. The team's expertise is crucial in maintaining a 'Matched Principal' status, where buys and sells are matched exactly, and minimizing risks associated with large trade sizes.

Key Responsibilities

As a Settlements Analyst, you will be responsible for:
  • Timely matching of trades and resolving any exceptions on the same day
  • Validating front office amendments and cancellations where necessary
  • Providing first-line support to brokers for settlements queries
  • Escalating issues to management when necessary
  • Collaborating with peripheral teams to ensure accurate data supports trade flow
  • Daily review of cross-desk trading to ensure a flat book and escalating residual balances
  • Maintaining and clearing exception queues in a timely and efficient manner
  • Performing daily reconciliations and resolving exceptions that arise
  • Supporting projects and implementing changes necessary within the Settlements function to meet regulatory and business requirements
  • Providing support for internal or external audits as required
  • Collaborating with Technology teams on technical developments, including UAT and post-release support

Requirements

To succeed in this role, you will need to demonstrate:
  • Excellent attention to detail and high organizational skills
  • Strong analytical ability and problem-solving skills
  • Ability to work effectively in a high-pressure environment
  • Highly effective written and oral communication skills
  • Comfort working in fast-paced or pressured environments
  • Proficiency in Microsoft applications software (Word, Excel, PowerPoint, Outlook)

Desirable Skills

While not essential, knowledge of financial markets and previous experience in a similar organization would be beneficial.
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