Settlements Officer

Summary

Responsible for the day-to-day back-office support of trading activities executed by CA Securities, CACIB NY branch, our affiliates and clients. Settlement activities of all US TSY transactions. Tri-party processing & funding, and DTCC activities for the self-clearing broker dealer.

Key Responsibilities

Manage settlements within the US Domestic Settlements team, which incorporates transactional processing in DTCC, BNY BDC & BNY Accessedge:

• Thorough knowledge of DTCC functionalities, as we are a self-clearing broker dealer and direct DTCC members. Occasional manual deliveries and pledges, investigation, collateral movement to satisfy intraday deficits.
• Funding of the broker-dealer account- review of incoming and outgoing payments, DTCC & FED settlements to determine. Daily funding requirement with Treasury department.
• BNY FED wire & triparty- required knowledge of BNY BDC functionality for FED settlements & collateral movements.
• Need to be knowledgeable of BNY Accessedge for triparty movements, force maturities, allocations of triparty shells.
• Must be familiar with products within our scope, US corporate bonds, US equities, US FED eligible TSY & MBS, commercial paper, MMI instruments. (securities lending/borrowing activities, repo, outright cash trade)
• Processing of wire payments for collateral requirements, reprices, pair-offs, claims & coupon interest.
• Department balancing between clearinghouses (DTCC, BNY) and internal systems (FIS Phase3) ensures that books and records balance daily.
• Ability to communicate & articulate with other support teams (Finance, middle office, collateral management) along with front office trading and sales on production issues, along with projects and implementations.

Systems

Knowledge of all BNY BDC & Accessedge functionalities – trade matching, allocation of triparty shells, including the transmission modes, position screens, pending trades, ack/nack, rdars, cash screens.

Interaction

High volume processing and knowledge of fed wire deadlines; constant interaction with middle office, trading, sales and treasury repo desk.

Reconciliation

Intraday and end of day balancing of activity cleared at BNY that was processed on FIS (Phase3) system to ensure balancing of positions and cash. Process journal entries and cash movements on FIS (Phase3).