Extended Back Office Associate

Crédit Agricole; Montreal; On-site; CAD 70,000 - 110,000; Full time

Job summary

Crédit Agricole in Montreal, QC, seeks an experienced Settlements Operations professional to manage pending transactions for DTC/FED and BNY settlements in primary and secondary markets, including government issues, repo settlements, corporate bonds, and triparty activity. The role also covers CAD/MXN trade follow-ups with agent banks, settlement of equities transactions, and securities lending/borrowing.

You will monitor settlement-delivery, verify instructions with custodians, and coordinate

Qualifications

• Experience in settlement operations for equities and fixed-income instruments.
• Ability to monitor settlement-delivery and cash flows with custodians.
• Knowledge of invoicing cycles and reconciliation processes.

Responsibilities

• Manage settlement-delivery for equities / bonds / EIS scopes.
• Monitor triparty and collateral funding and daily settlements.
• Oversee invoicing, reconciliation, and payment processing; escalate issues as needed.

Skills

Settlement operations

Equities & bonds

Lending/Borrowing

Invoicing & billing

Custodian coordination

Job description

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