Settlements Clerk

Cantor Fitzgerald; London; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

Cantor Fitzgerald is seeking a Settlements specialist for Prime Brokerage in London. The role requires managing unmatched trades, communicating effectively with teams to minimize fails, and generating reports. Candidates should have strong knowledge of International Markets and a proven relationship management background. This position operates in a hybrid model.

Qualifications

• Relevant experience in Prime Brokerage with knowledge of International Markets.
• Strong relationship management and communication skills required.
• Ability to prioritize tasks and handle high volume of trades.

Responsibilities

• Ensure unmatched trades are confirmed before settlement date.
• Chase failing trades for delivery and agree on partial settlements.
• Produce daily reports on trade status for internal teams.

Skills

Settlement knowledge

Relationship Management

Information integrity

Communication skills

Trade matching monitoring

Team collaboration

Multitasking

Self-motivated

Tools

MS Outlook

MS Excel

Euroclear

Bloomberg

In-house systems

Job description

The role is to look after the Settlements for Prime Brokerage covering all International Markets based in London to join the team, focused on communication with the Customer Service Team and the Counterparties in order to maximise Settlements and minimise unmatched & Fails in a timely fashion. The business includes Fixed Income, Equity and Repos.

The Candidate must have good Settlements knowledge across International Markets and be comfortable discussing Settlement Mismatches for resolution.

Key Responsibilities:

Ensuring Unmatched trades are confirmed and matched before Intended Settlement Date, and communicating mismatches to the Prime Customer Service team

Ensuring Failing trades are chased for delivery and partial settlements agreed, to minimise fails

Producing daily reports for the Prime Middle Office & Customer Service teams, so they are updated on all trade status

Systems Used:

• MS Outlook
• MS Excel
• Front Office & Operations trade capture systems
• Euroclear
• Bloomberg
• In-house mainframe systems: (Phase3/SYN/STN/RIMS)
• Nexen

Skills Required:

• Relevant experience in Prime Brokerage, with good Settlement knowledge of the International Markets & Repo
• Strong Relationship Management
• Dedication to information integrity and to produce high quality output
• Good presentation and communication skills in writing and verbal
• Daily monitoring of trade matching and the investigation / resolve any discrepancies by liaising with Internal Brokers and External clients to ensure timely matching and settlement of all transactions.
• Markets covered are Euroclear & Domestic for Fixed Income and Equity
• Ability to prioritise daily workload
• Good team player
• Ability to Multitask
• Self Motivated
• Ability to process high volume of trades

We are currently operating a hybrid model for our shared services employees (including this role). We anticipate continuing these arrangements for the foreseeable future with periodic review. Hybrid for BGC Partners / Cantor Fitzgerald across the working week, means three days office based and two days remote.

To all recruitment agencies: BGC & affiliates do not accept agency resumes. Please do not forward resumes to our job alias, employees or any other company location. BGC & affiliates are not responsible for any fees related to unsolicited resumes. Please contact the Recruitment function for additional details.

About the company

Cantor Fitzgerald is an American financial services firm that was founded in 1945.

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