Syndicate Operations Analyst – FI Income Municipal Support

TD Bank • New York, NY

1d • $95,000 - $115,000

About The Position

TD Securities' Municipal Syndicate Operations Desk offers a unique opportunity to work in support of a fast growing and diversifying fixed income origination business. The role will primarily support the Municipal Public Finance underwriting and syndicate desks while also supporting the growing Tender Option Bond and Commercial Paper business. The position requires thorough attention to detail, risk management awareness and understanding the needs of TDS’s clients and internal business partners. Working within a highly integrated team, our target is to build strong relationships with upstream and downstream stakeholders including Public Finance and Sales & Trading desks as well as Middle Office, Settlements, Compliance, Finance and Change Delivery.

Requirements

• BA/BS degree in Finance or relevant field
• 3+ years’ experience within Capital Markets Operations: Fixed Income Underwriting & Syndicate Support
• Experience with Fed Wire setup and release, invoicing receivables and tracking
• Knowledge of Bloomberg TOMS, MSRB EMMA, DTCC, IPREO and Pershing's Nex360 systems.
• Team player who collaborates and motivates others across teams.
• Able to work in a fast-paced, deadline sensitive environment and maintain strong communication and attention to detail.
• A self-starter who is comfortable in a complex role that interfaces regularly with clients, front office, technology, finance, and trade support teams
• A mindset of critical thinking, risk management and understanding the needs of TDS’s clients and internal business partners
• Strong judgement and problem solving – Thinks ahead, anticipates questions, finds alternative solutions and identifies clear objectives
• 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.
• Bachelor's degree, or specialized training / equivalent work experience
• 3-4 years related experience

Nice To Haves

• Proficiency with Excel Macros and Python is a plus.

Responsibilities

• Responsible for operational support throughout the lifecycle of Primary Market Municipal offerings. This includes CUSIP Requests, Good Faith payments, Announcing and Disseminating information in DTCC, posting and monitoring activity during the lifecycle in EMMA/MSRB, funding and final settlement through our third-party custodian.
• Work closely with Issuers, Financial Advisors, Bond Counsels, Trustees and Syndicate Insurers to lead successful underwriting executions.
• Support Tender Option Bonds business. Operationally support our activities as remarketing agents and originators through the TOB unwind process and settlement.
• Support the Commercial Paper Issuance business and our collection of fees as Remarketing Agents.
• Responsible for managing the syndicate funding account. Tracking and accepting incoming funds resulting from Municipal Syndicate, Remarketing and Trading Desk activity.
• Monitoring and actioning trade exceptions in the Bloomberg Blotter and Custodian's Settlement platform across Muni Syndicate, Tender Option Bond and Commercial Paper businesses.
• Cross train with Debt Capital Markets and Global Equity Derivatives Syndicate Operations Desks to aid and assist in a backup support capacity.
• 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

Benefits

• Our 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.
• We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees