Securities Settlement Analyst

Role: SECURITIES SETTLEMENTS ANALYST

SALARY: £65,000 per annum

Contract: Permanent

Work arrangement: 3 days in the office and 2 Work from home

START DATE: ASAP

LOCATION: London

Our client is a global markets dynamic, fast-growing company that operates a full-service execution and clearing brokerage operation covering Cash Equities, Exchange Traded Derivatives, Fixed Income, CFD’s and Foreign Exchange.

The Key responsibilities of the Securities Settlements Analyst is to carry out the day-to-day operational business throughout the trade life cycle from Trade Capture to Trade Settlement for cash products: Equities, Bonds, CFD’s, Funds, Repo and Security Lending. You will report to Head of Securities Operations.

Responsibilities

• Trade booking, confirmation, and settlement
• Ensure that all trades executed are entered completely and accurately into back-office systems
• Liaison with trade counterparties to agree trade details and ensure instructions are matched in the market
• Responsible for the set up and the static data maintenance of Bonds and Issuers in the relevant systems
• Management of Bilateral and Tri-party repo/reverse repo trades including Collateral switches
• Management of Securities Lending trades
• Fail Management and monitoring of alleged trades
• Trade management of all trades related to the assignment and exercises from F&O transactions
• Escalation of all unsettled and unmatched trades to management – daily fail reporting
• Completing transfers in/out
• Processing of Corporate Actions events for Client positions such as Coupons, dividends, redemptions and maturity payments
• Completing transfers in/out for clients from external brokers and custodians

• Reconciliations
• Reconciling daily Cash, Stock position and inter-system breaks and ensuring all breaks are resolved in a timely manner
• Creating escalation reports to management on all breaks with relevant auditable commentary

• Regulatory Reporting
• Quarterly reconciliation and reporting to Panel of Takeovers (PTM)
• Financial Transaction Tax reconciliation and reporting – France, Italy and Spain
• FATACA & CRS annual reporting

Requirements

• Full life cycle understanding to support the company’s growing Repo and Structured Finance business. (Essential requirement)
• Full trade life cycle understanding to support the settlement processing supporting both Equity, fixed income product type
• In depth experience on Corporate Action events e.g., coupon payments, dividends, maturities across all product types
• Understanding of CASS cash and custody rules.
• Manage manual tasks in the role and investigate to improve/automate
• Intermediate/Advanced Excel skills
• Strong analytical and communication skills
• Process improvement/re-engineering
• Reconciliation

System Knowledge (Preferable)

• Eclipse
• Broadridge SFCM and Gloss platforms
• Crest, Euroclear, DTC
• Duco reconciliation platform