Settlements Analyst
5 days ago
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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