Trade Settlement Job Description

Trade Settlement Job Description

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Trade settlement provides consultancy and subject matter expertise to Derivatives, Repo and Fixed Income stakeholders – both internal and external.

Trade Settlement Duties & Responsibilities

To write an effective trade settlement job description, begin by listing detailed duties, responsibilities and expectations. We have included trade settlement job description templates that you can modify and use.

Sample responsibilities for this position include:

Involve and undertake ad-hoc tasks and projects in support of Exchange, industry, business / support unit, client requirements, pertaining to Derivatives and Clearing & Execution products and services
Working closely with the BU
Ensure all internal
Understanding the trade lifecycle, products, processes and systems
Manage your daily workflow
Set your own priorities in line with market and internal deadlines
Respond to varied queries from clients and internal business partners
Protect the Firm and its clients from market penalties associated with Asset Servicing and buy-in events
During the first six months, you will focus on a small group of European markets, to allow you to develop your market expertise
Be responsible for risk management and efficiency

Trade Settlement Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Trade Settlement

Typically a job would require a certain level of education.

Employers hiring for the trade settlement job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Education, Economics, Business/Administration, Mathematics, Physics, Computer Science, Management

Skills for Trade Settlement

Desired skills for trade settlement include:

Access and Outlook
Excel
Loan product
Trading operations is desired
Complex securities sufficient to resolve issues quickly and timely and explain in clear and concise terms to parties involved
Accounting principles
AML : with prior experience will be key
Derivatives
Fixed income
KYC

Desired experience for trade settlement includes:

Good PC and general IT skills, good computer literacy (MS Office, Intellimatch)
Proven analytical and creative skills demonstration to work accurately and independently Proven problem solver
Experience of working in a time-pressured environment
Very good skills in German and English, both written and spoken, French is beneficial
Ready to take over responsibility, set priorities and ensure a high service quality
High level of motivation, commitment and integrity

Trade Settlement Examples

1

Trade Settlement Job Description

Job Description Example
Our company is looking for a trade settlement. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trade settlement
  • Perform trade reconciliations and ad-hoc reporting to mitigate risk and increase issue transparency
  • Manage a team of 4-7 individuals in Delaware
  • Participate in Global Wealth Management initiatives/projects those created within the Settlements team
  • To perform the day to day operations to deliver quality service to internal / external clients within established service levels
  • Ensure all internal controls / procedures are complied at all times and update SOP on a timely basis whenever necessary
  • Participate in the development and implementation of new systems, products and markets
  • Handle enquiries received from clients, dealers, business / support partners via emails, phone and call centre
  • Process daily payments, trade confirmations, regulatory reporting, fund transfers
  • Participate in projects and ad-hoc tasks assigned from time to time
  • Team planning, management reporting, review processes, etc
Qualifications for trade settlement
  • Initiative, open-minded and flexible person
  • Initiative - High level of self-motivation and ability to take responsibility for assigned tasks
  • The Investment Operations Certificate (issued by the Chartered Institute for Securities & Investment) is required for this role, however is it not a pre-requisite for applying as this qualification can be obtained whilst on the job
  • Knowledge of securities industry and back office operations
  • Strong mainframe and desktop/PC skills
  • Experience in middle / back office management with broad understanding of product management and the ability to spot and develop / revise process and procedures to improve the overall efficiency if the business and operations is an advantage
2

Trade Settlement Job Description

Job Description Example
Our innovative and growing company is hiring for a trade settlement. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trade settlement
  • Supervise, coach, motivate and evaluate performance of staff members and resolve employee issues in accordance with company policies
  • Provide effective training and development for staff members to perform job duties
  • Ensure proper auditing of all broker managed trade payments
  • Ensure Non-Brokered payments and deductions are processed accurately and timely
  • Facilitate proper handling of escalations and address root cause and training opportunities
  • Analyze trade deduction account balances and report any financial impact and investigate any major changes in the balances and, if detected, determine root cause
  • Ensure timely identification and resolution of system feed issues that may impact broker efficiency
  • Collaborate and build strong relationships with Minute Maid sales, finance, and Acosta stakeholders to identify and implement process improvements and efficiencies
  • Operate within the defined ORM framework and ensure all internal operating procedures comply with the Bank’s policies and guidelines
  • Responsible to update and keep SOPs current
Qualifications for trade settlement
  • Strong communications and interpersonal skills for effective communication with business partners, colleagues and customers
  • Able and willing to work on all Singapore Public Holidays
  • Able and willing to work on shifts
  • Minimum experience in various operation functions which includes processing, reconciliation, settlements etc
  • Open to fresh graduates with positive attitude and keenness to learn
  • Regular review of internal processes to identify opportunities to streamline and improve the ‘as-is’ processes
3

Trade Settlement Job Description

Job Description Example
Our company is searching for experienced candidates for the position of trade settlement. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for trade settlement
  • Researching and resolving security data discrepancies
  • Assuming ownership for any operational issues that are raised and providing resolution in a manner that considers the impact to other operational areas
  • Assist PWM Teams and clients with investments in managed accounts
  • Coordinate across portfolio managers on fundings, withdrawals, trading requests and account attribute changes
  • Perform position and activity reconciliations to mitigate risk
  • Mitigate risk across the managed account platform designing process improvements
  • Works directly with many fund companies to settle trades for mutual fund assets
  • DTS also uses wires to complete cash settlement of securities such as Euro Time Deposits, Tri-Party Repurchase Agreements, Term Loans, and TBAs
  • Works closely with team members within DTS, other departments within Trust Operations, Trust Account Administrators, and occasionally external brokers
  • Processes money orders through E ticket system (online DDA system) for related security transactions
Qualifications for trade settlement
  • Experience in the development and enhancement of systems and process / workflow and ability to implement it
  • At least 5 years experience in Treasury and Markets team within a commercial bank
  • Functional knowledge/experience in back office support is required
  • Strong operational management and control of daily workflows
  • Ability to work in stretched environment and open to Change Management ideas
  • Ability to work in a production, deadline driven environment
4

Trade Settlement Job Description

Job Description Example
Our innovative and growing company is looking for a trade settlement. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trade settlement
  • Reads and interprets complex trust and other legal documents in order to identify administrative requirements and responsibilities
  • Supports the account maintenance and modifications resulting from document amendments and supplements ongoing deal administration changes
  • This position will support all CMES debt products
  • Prepare / Repair trade instructions in NCS-v11
  • Ensure SGX trades, CDP and SGS bonds are duly pre-matched and settled accordingly
  • Timely reporting of settlement issues to ensure minimal failed trade
  • Liaising with counterparties on trade issues
  • Providing support to CSMs and other departments
  • FX processing and trade funding
  • Raise accounting entries
Qualifications for trade settlement
  • Personal computing experience and expertise with Word, Access and Power Point
  • Must be willing to work independently in a team environment
  • Bachelor’s degree with a minimum of four years of professional experience
  • Knowledge of financial products, whether academically or professionally acquired
  • High level of discretion and awareness of accountability
  • Comprehension of industry agenda and platforms (e.g., DTC, SWIFT, DTCC)
5

Trade Settlement Job Description

Job Description Example
Our company is looking to fill the role of trade settlement. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for trade settlement
  • Cash Upfront Post Trade Settlement and Cash balancing
  • Giro returned file upload for Post Trade Settlement and Giro balancing
  • Processing of Client’s Netoff Request
  • Client’s Soft Commission and invoice payment
  • Day End completeness check and balancing between LN Request and iBoker updates for Fund Withdrawal and Conversion
  • Take on project task and initiatives, partnership with stake holders for implementation
  • Adhoc task assigned from time to time
  • Monitoring & follow up Investigates and resolve trade errors and ensure all Equity trades are settled effectively and on time
  • Ensure proper escalation of issues and that approvals are obtained for any exceptional processing
  • Carry out all the necessary reconciliations related to Equity trades
Qualifications for trade settlement
  • Efficient, accurate, self-employed, solution oriented way of working
  • 2+ years of work experience in Operations, Finance, or related field
  • Strong focus on risks, controls, and attention to detail
  • Ability to work quickly and accurately under pressure to meet intraday deadlines
  • Ability to work proactively with all levels including PWM Teams and internal and external portfolio managers
  • 2-3 yrs of securities settlement experience

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