Settlements Officer

Crédit Agricole Group; Montreal (administrative region); Hybrid; CAD 124,000 - 180,000; Full time

Job summary

CA Securities, CACIB NY branch, seeks a back-office settlements specialist responsible for day-to-day support of trading activities and US domestic settlements, including DTCC and tri-party processing.

You will coordinate with treasury, middle office, and front office to ensure timely funding, wire payments, and accurate books and records. Familiarity with BNY Accessedge and FIS Phase3 is a plus.

Qualifications

• Experience with US domestic settlements and DTCC workflows.
• Familiarity with triparty processing and collateral movements.
• Ability to communicate with middle office, treasury and front office.

Responsibilities

• Manage settlements within the US Domestic Settlements team including DTCC and BNY workflows.
• Oversee funding of broker-dealer accounts and daily treasury cash movements.
• Process wire payments for collateral requirements and settlements.
• Balance books between clearinghouses and internal systems; resolve discrepancies.
• Coordinate production issues and projects with finance, middle office, and trading teams.

Skills

DTCC knowledge

US settlements

Wire processing

Triparty movements

Tools

FIS Phase3

BNY Accessedge

DTCC systems

Job description

Summary

Responsible for the day-to-day back-office support of trading activities executed by CA Securities, CACIB NY branch, our affiliates and clients. Settlement activities of all US TSY transactions. Tri-party processing & funding, and DTCC activities for the self-clearing broker dealer.

Key Responsibilities

Manage settlements within the US Domestic Settlements team, which incorporates transactional processing in DTCC, BNY BDC & BNY Accessedge:

• Thorough knowledge of DTCC functionalities, as we are a self-clearing broker dealer and direct DTCC members. Occasional manual deliveries and pledges, investigation, collateral movement to satisfy intraday deficits.
• Funding of the broker-dealer account- review of incoming and outgoing payments, DTCC & FED settlements to determine. Daily funding requirement with Treasury department.
• BNY FED wire & triparty- required knowledge of BNY BDC functionality for FED settlements & collateral movements.
• Need to be knowledgeable of BNY Accessedge for triparty movements, force maturities, allocations of triparty shells.
• Must be familiar with products within our scope, US corporate bonds, US equities, US FED eligible TSY & MBS, commercial paper, MMI instruments. (securities lending/borrowing activities, repo, outright cash trade)
• Processing of wire payments for collateral requirements, reprices, pair-offs, claims & coupon interest.
• Department balancing between clearinghouses (DTCC, BNY) and internal systems (FIS Phase3) ensures that books and records balance daily.
• Ability to communicate & articulate with other support teams (Finance, middle office, collateral management) along with front office trading and sales on production issues, along with projects and implementations.

Systems

Knowledge of all BNY BDC & Accessedge functionalities – trade matching, allocation of triparty shells, including the transmission modes, position screens, pending trades, ack/nack, rdars, cash screens.

Interaction

High volume processing and knowledge of fed wire deadlines; constant interaction with middle office, trading, sales and treasury repo desk.

Reconciliation

Intraday and end of day balancing of activity cleared at BNY that was processed on FIS (Phase3) system to ensure balancing of positions and cash. Process journal entries and cash movements on FIS (Phase3).