FED Settlement Associate

Summary

Responsible for the day-to-day back office support of trading activities executed by CA Securities, our affiliates and clients. Settlement activities of all US TSY transactions. Reconciliation of trading activities

Key Responsibilities

TRADE PROCESSING- PROCESSING OF CASH TRADES (BUYS/SELLS) AND REPO TRANSACTIONS CLEARING THROUGH THE BNY BDC FED WIRE SYSTEM.

TRI-PARTY: PROCESSING AND FULL KNOWLEDGE OF TRI-PARTY ALLOCATIONS PROCESS UTILIZING THE BANK OF NEW YORK ACCESSEDGE SYSTEM.

PAIR-OFFS: MONITORING AND PROCESSING OF CUSTOMER PAIR-OFFS, INCLUDING CANCELLATION OF TRADES TRANSMITTED TO BNY TO AFFECT PAIR-OFF WIRE PAYMENT.

SYSTEMS: KNOWLEDGE OF ALL BNY BDC FUNCTIONS, INCLUDING THE TRANSMISSION MODES, POSITION SCREENS, PENDING TRADES, ACK/NAK, RDARS, CASH SCREENS.

INTERACTION: HIGH VOLUME PROCESSING AND KNOWLEDGE OF FED WIRE DEADLINES; CONSTANT INTERACTION WITH MIDDLE OFFICE AND TREASURY REPO DESK.

RECONCILIATION: INTRADAY AND END OF DAY BALANCING OF ACTIVITY CLEARED AT BNY THAT WAS PROCESSED ON PHASE3 SYSTEM TO ENSURE BALANCING OF POSITIONS AND CASH. PROCESS JOURNAL ENTRIES AND CASH MOVEMENTS ON PHASE3.

FICC- KNOWLEDGE OF FICC PROCESSING, INCLUDING TRADES NETTED AND BALANCE ORDER FAILS WITH THE CLEARINGHOUSE.

Secondary Duties:

• Assist the area when called upon for the other aspects of the department and operation
• Cross-training to assist department members

Management and Reporting

Reporting to management of positions in inventory and operational suspense account.

Daily reporting of open trades and unmatched trades to escalate for timely settlement.

Key Internal contacts

CA middle & Front office, Finance & Compliance; Internal Audit

Key External contacts

CA affiliate accounts (Paris, Tokyo)

KNOWLEDGE AND SKILLS

Bachelor's Degree

5 or more years’ experience relating to domestic trade FED settlements

Must be a self-starter, with excellent problem solving skills and be able to work under pressure

Must possess strong written/oral communication skills

Ability to communicate clearly and easily

Ability to analyze and summarize

Rigour and sense of organization

Apprehension of results and priorities

Relationship management/Commercial sense

Working knowledge of the following systems: BNY BDC, DTCC, Fed-wire

Knowledge of Sungard/Phase3 processing system

FINRA Series 99 is desired