Settlements Analyst 1

TP ICAP Group; Belfast City District; On-site; GBP 28,000 - 42,000; Full time

Job summary

TP ICAP Group is seeking a Settlements professional in Belfast to support fixed income and cash equity broking desks. You will perform settlement middle office tasks, ensure timely matching, and manage reconciliations within a controlled environment.

The role requires accuracy, resilience, and collaboration with global teams. The position offers hybrid working arrangements in Northern Ireland, with early starts and late coverage to support US settlements, and exposure to regulatory and audit

Qualifications

• Excellent attention to detail and high level of organisation.
• Strong analytical ability and problem solving skills.
• Ability to communicate clearly in fast paced environments.

Responsibilities

• Timely matching of trades and resolution of any exceptions the same day.
• Provide first line support to brokers for settlements queries.
• Escalate issues to management and collaborate with peripheral teams to ensure accurate data.

Skills

Attention to detail

Analytical ability

High-pressure work style

Communication skills

Tools

Excel

PowerPoint

Word

Outlook

Job description

Group OverviewThe TP ICAP Group is a world leading provider of market infrastructure.Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.Through our people and technology, we connect clients to superior liquidity and data solutions.The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.Role OverviewThe Settlements team are responsible for supporting a multitude of Fixed Income and Cash Equity broking desks in several EMEA locations including performing a variety of Settlement Middle office tasks to ensure both timely and accurate matching of trades within a controlled environment. The team settle principal bond, equity & money market instruments (CDs, Commercial Paper, notes) trades via Euroclear or in 30+ local domestic markets utilising an agent bank network (BNY Mellon, BNP Paribas, Deutsche Bank etc). The company have no trading position or portfolio & so we deem this ‘Matched Principal’ (buys & sells are matched exactly) which is also sometimes called turnaround trading. ICAP have a small stock loan business which is processed by the Settlements team and can be a manually intensive task. Also in this team we have resource that looks after corporate actions (mainly coupon & dividend payments) that arise due to the principal trading.The main function of the team is to ensure that all trades are matched with clients so that the purchases & sales settle on time with zero cost to the company, as trade sizes are very large & carry associated risks. The team also undertake nostro & depot reconciliations for the associated accounts . Most staff work 8am to 5pm however we require some coverage from 7am and then until 8pm to cover US settlements. The team implements a limited shift rota to cover these extended hours.Role ResponsibilitiesTimely matching of trades and resolution of any exceptions same dayValidation of front office amendments/cancellations where necessaryProvision of first line support to brokers for any settlements queriesEscalation any issues (where necessary) to managementCollaboration with peripheral teams to ensure the data is correct to support the trade flowDaily review of cross desk trading to ensure a flat book and escalation any residual balancesThe maintaining and clearing exception queues in a timely and efficient mannerDaily reconciliations are performed and exceptions that arise resolvedTo provide support on any relevant project, under the direction and oversight of your ManagerTo work with team manager, to fulfil the implementation of any changes necessary within the Settlements function in relation to regulatory and business requirementsTo provide support for any internal or external audits as requiredTo support our Technology teams in technical developments, including UAT and post-release supportFulfil any additional or ad hoc duties as required to meet the needs of our businessExperience / CompetencesEssentialDemonstrates excellent attention to detail, possesses high organisation skills & a proactive approachDemonstrates strong analytical ability and problem solving skillsDemonstrates the ability to work effectively in a high pressure environmentHighly effective written & oral communication skills; adapts communication style to suit audienceShows evidence of being comfortable working in fast paced or pressured environmentsSkilled in Microsoft applications software (Word, Excel, PowerPoint, Outlook)DesiredKnowledge of financial marketsPrevious experience in a similar organisationBand & LevelProfessional, 4#LI-Hybrid #NIJobs #LI-ENTNot The Perfect Fit?Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.Company StatementWe know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.LocationUK - City Quays 3 - Belfast