Senior Associate, Fixed Income Settlements

TD • New York, NY

1d

About The Position

TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients. The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore and Tokyo. www.td.com Department Overview Global Operations and Business Services is a diverse and dynamic group of individuals, whose varied talents and experiences enable us to provide critical infrastructure services that support and/or control the trading, investment, and corporate banking functions of TD Securities. We are committed to innovation with purpose, execution with excellence, and continually improving the employee value proposition. We foster a culture of diversity, inclusion, and community giving. Our dynamic team is divided into five main functional areas: Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, and Change Delivery. The Global Operations team partners with the front office and other groups globally to mitigate risk and deliver world class service to our global client base. They provide operational support and control functions across the trade lifecycle. The team is heavily involved in new product initiatives and process improvements to streamline our support model. They take great pride in ensuring controls are being continuously reviewed and updated while focusing on the customer at every point of contact. The Fixed Operations team strives to create efficiency, improve client service levels and reduce operational risk. If you are industrious, collaborative, innovative, and enjoy visionary thinking, while also maintaining a commercial view on the market, joining our team could be an ideal opportunity for you. Fixed Income Settlements Senior Analyst Manage daily settlement transactions across multiple fixed income products for Fed settlements. You would be responsible for all settlement's functions across your set of legal entities from trade date to settlement date as well as any trade fails, and buy-ins on securities transactions. Our team interacts with many operations groups globally in our goal of providing an industry leading level of client service to external clients and internal stakeholders. Supporting stakeholders and developing valuable internal & external relationships with employees. 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 nctional 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

• 6+ years’ experience within Capital Markets: Fixed Income Operations/Settlements Organization
• Team player, collaborates with others across teams, encourages other team members to participate and contribute and acknowledges the contributions of others.
• Strong Understanding of trade lifecycle from trade capture through post settlement
• Experience with BONY – BDC and Access Edge systems, Broadridge IMPACT and RTTM exposure
• Strong ability to identify and troubleshoot settlement issues; fails and trade mismatches with CP
• Understand and provide resolutions to trade and cash reconciliation
• Able to work in a fast-paced, deadline sensitive environment and possess good communication skills
• A self-starter who is comfortable in a complex role that interfaces regularly with clients, front office, technology, finance, and trade support teams
• Strong knowledge of Excel, Vlookup, Pivots and other requirements
• Strong product knowledge including rollout and integration, accompanied with a strong lean mentality
• A proven risk assessment and management skill set, fostering a zero tolerance policy for poor integrity and risk taking
• A clear communication style
• Escalation awareness
• A strong front-to-back ownership mentality
• Multi-tasking skills and the ability to prioritize amidst competing / conflicting priorities
• Excellent analytical/problem solving skills and a sense of urgency regarding responsibilities
• Able to take ownership of the design and operating effectiveness of key controls and processes
• On top of industry and market driven initiatives to understand risks and impacts
• Responsible and accountable for delivery of key objectives within your immediate team and the broader Securities Settlement function
• Build strong relationships and work collaboratively within Global Operations and Business Services teams including settlements, new accounts, reference data and change delivery to support the growing Fixed Income business
• Bachelor's degree, or specialized training / equivalent work experience
• 3-4 years related experience

Responsibilities

• Manage daily settlement transactions across multiple fixed income products for Fed settlements.
• Responsible for all settlement's functions across your set of legal entities from trade date to settlement date as well as any trade fails, and buy-ins on securities transactions.
• Interacts with many operations groups globally in our goal of providing an industry leading level of client service to external clients and internal stakeholders.
• Supporting stakeholders and developing valuable internal & external relationships with employees.
• 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 nctional 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

Benefits

• Growth opportunities and skill development are defining features of the colleague experience at TD.
• Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.
• Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
• You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level