Fixed Income DTC Settlement Analyst

TD•New York, NY

1d•$95,000 - $115,000•Onsite

About The Position

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. 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. Depth & Scope: Acts as a specialist owner or representative in the discipline Leads / participates in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for Global Business Services Identifies documents, 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

Requirements

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
DTC platforms (Settlement Web, PTS/PBS)
Settlement systems (e.g., Broadridge)
Stock Loan system (Loanet)
Strong analytical and problem-solving capabilities
High attention to detail with a risk & control mindset
Ability to perform in a high-volume, time-sensitive environment
Effective communication with trading desks and senior stakeholders
Bachelor's degree, or specialized training / equivalent work experience
3-4 years related experience

Nice To Haves

Bachelor's degree in finance, Business, or related field
Experience at a broker-dealer or primary dealer environment

Responsibilities

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 / PTS
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
Perform daily reconciliation of: DTC positions vs. internal ledgers Cash balances and settlement activity
Identify and resolve breaks with a strong control mindset
Ensure adherence to operational risk and control frameworks
Act as key liaison between: Fixed Income Trading Desks Middle Office / Confirmations Funding & Treasury teams External counterparties and custodians
Provide clear, timely updates on settlement risks and issues
Ensure compliance with SEC, FINRA, and internal policies
Support audits, inquiries, and control reviews
Identify opportunities to automate manual processes and improve STP rates
Participate in system upgrades, testing, and platform migrations
Drive operational scalability and risk reduction initiatives
Handle corporate actions, daily cash reconciliation, tracking file uploads into FIST, and be a DTC clearance specialist.
Clearance of London trading activity passing through US broker/dealers.
Advising agent of ticket control numbers for confirmations and by performing required system maintenance.
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
Leads / participates in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for Global Business Services
Identifies documents, 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