About this role
Summary
Manage any pending transactions for DTC/FED and BNY settlements regarding primary and secondary markets.
This includes government issues, repo settlements and resets, corporate bonds, triparty activity, and asset backed securities.
Follow up on CAD/MXN trade issues with agent banks; limited trade processing as required.
Settlement of equities transactions, buy and sell, repo and securities lending/borrowing activities.
Key Responsibilities
Management of trading operations for Equities / Convertible Bonds / EIS Sales scopes:
- Monitoring of settlement-delivery of operations for equities
- Management of settlement-delivery on physical OSTs
- Monitoring of CB issuance settlements
Equities Lending/Borrowing:
- Verification of proper transaction integration in the settlement-delivery chain
- Verification of proper receipt of settlement instructions by custodians
- Monitoring of proper operation settlements
- Real-time monitoring of global positions
- Escalation of failed transactions to FO
- Management of issues with IT support
- Management of accounting suspense items
Securities Lending/Borrowing Collateral:
- Management of triparty long box funding
- Monitoring of proper daily operation settlements for the implementation of cash and securities collateral
- Monitoring of payment defaults/cash receipt in relation to treasury and accounting
Lending/Borrowing Invoicing Division:
- Monthly generation and sending of invoices
- Reconciliation of received invoices
- Analysis and investigation of identified discrepancies
- Correction of discrepancies and payment processing
- Monitoring of payment defaults and accounting suspense items
- Research for optimization of invoicing processes
Supplementary Information
(EBO) Extended Back-Office:
- All related operational management, including billing processing.
- BNY Custody account settlements/monitoring and related reconciliations.
- Soc Gen Futures processing – daily margin calls and program monitoring/reconciliation review.
- Manage settlement issues on behalf of Paris book during NY business hours.
- Liaise with NY Front Office/Middle Office and the custodian as required.
- Liaise with counterparties as needed in coordination with Bondsettlement team in Paris and CAS BO.
- Monitor and investigate breaks on real-time daily position report reconciliation (Calypso against P3).
- Maintain referential data, including creation and modification of SDI records on Calypso and accounts on Phase3
- Validate CA positions on new Treasury auctions with MO for regulatory reporting.
- Review trades with Japanese clients to ensure integrity of data flowing from Calypso to Phase 3.
- Investigate and liaise with clients and MO regarding EOD client fails and DKs, until resolution.
- Review of processing queues and alerts from systems (EAI, EFIRA, Murex, APEX, OT) to ensure smooth trade workflow.
- End of business day Calypso queue verification to ensure all trades and issues have been addressed for same day value.
- Provide Paris BO with daily end of day IM reports.
- Update of 15A6 trade accounts on Calypso to correct internal reconciliation break
Minimal education level
Bachelor Degree / BSc Degree or equivalent
Level of minimal experience
3-5 years
Experience
3+ years in Back Office settlements or Trade Support. Focus on Equities and Fixed Income products
Required skills
- 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 analyse and summarize
- Rigour and sense of organization
- Apprehension of results and priorities
- Relationship management/Commercial sense
- Knowledge of Securities processing; Payments; regulatory requirements, Equities
- Ability to work in a highly demanding environment
- Verbal and written communication skills in English and French required (You will need to service Anglophone clients and work with Anglophone colleagues)