Fixed Income DTC Settlement Analyst
Job Description
The Fixed Income DTC Settlement Analyst is responsible for the end-to-end settlement of U.S. fixed income securities through The Depository Trust Company (DTC). The role focuses on ensuring timely settlement, minimizing fails, managing inventory and funding impacts.
- Manage daily DTC settlement of fixed income securities including:DVP/RVP, free of payment, and institutional deliveries
- REPO, Reverse REPO
- Stock Loan - Loanet
- Ensure timely settlement in a T+1 environment while meeting all market cut-offs
- Monitor and manage DTC settlement queues using Settlement Web / PTSE
- Escalate high-risk exposures and aged fail items
- Drive resolution with counterparties, custodians, and internal trading desks
- Partner with funding/treasury teams to ensure sufficient liquidity
Preferred Qualifications
- 5+ years of experience in fixed income securities operations
- Strong hands-on expertise with DTC settlement workflows
- Exposure to repo, Stock Loan and DTC Settlement is required
Experience Qualifications & Experience
- Systems & Tools: DTC platforms (Settlement Web, PTS/PBS), Settlement systems (e.g., Broadridge), Stock Loan system (Loanet)
- Bachelor's degree in finance, Business, or related field
- Experience at a broker-dealer or primary dealer environment
Skills & Competencies
- Strong analytical and problem-solving capabilities
- High attention to detail with a risk & control mindset
- Effective communication with trading desks and senior stakeholders
Key Performance Indicators (KPIs)
- Timely resolution of exceptions and reconciliation breaks
- Accuracy of DTC positions and cash balances
- Improved settlement efficiency and STP rates
- Strong audit and control outcomes
Operations Analyst/Specialist I TDS
The Operations Analyst/Specialist I TDS provides back up for the Canadian Fixed Income Desk. This individual will handle corporate actions, daily cash reconciliation, tracking file uploads into FIST, and be a DTC clearance specialist. Responsibilities include the clearance of London trading activity passing through US broker/dealers. Activities include advising agent of ticket control numbers for confirmations and by performing required system maintenance. In addition, the position will maintain compliance files and verify new clients are set up on FIST, acknowledging that settlement and other client instructions are complete.
- Acts as a specialist owner or representative in the discipline
- Learns / participates in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for Global Business Services
- Investigates, and resolves service delivery issues
- Manages relationships with the client, and other areas of TDS / GBS
- Acts as a project manager for small-scale projects/initiatives
- Initiates or participates in projects follows project management methodologies, communicates project status and provides timely escalation of issues to senior management to ensure project objectives are met
- Interfaces with regulators, external groups (legal firms, accountants etc.), suppliers on operating and service delivery issues relative to the specific area of functional expertise as authorized by the manager
- Escalates non-standard or high risk transactions or other activities as appropriate
- Acquires and applies expertise in the discipline, provides guidance, assistance and direction to others in TD Securities
- Identifies recommend and effectively executes standard practices applicable to the discipline
- Analyzes service delivery issues and identifies potential solutions that enhance the customer experience and support TD Securities business objectives
- Protects the interests of the firm identifies and manages risks
- Completes business process reviews as required
Education & Experience
- Bachelor's degree, or specialized training / equivalent work experience
- 3-4 years related experience