The 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 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 Overview
The Settlements team is responsible for supporting a multitude of Fixed Income and Cash Equity broking desks in several EMEA locations, performing a variety of Settlement Middle office tasks to ensure timely and accurate matching of trades within a controlled environment. The team settles principal bond, equity & money market instruments (CDs, Commercial Paper, notes) trades via Euroclear or in 30+ local domestic markets utilizing an agent bank network (BNY Mellon, BNP Paribas, Deutsche Bank, etc.). The company has no trading position or portfolio & so we deem this ‘Matched Principal’ (buys & sells are matched exactly), which is also sometimes called turnaround trading. ICAP has 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 resources that look 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 undertakes 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 Responsibilities Timely matching of trades and resolution of any exceptions same day. Validation of front office amendments/cancellations where necessary. Provision of first line support to brokers for any settlements queries. Escalation of any issues (where necessary) to management. Collaboration with peripheral teams to ensure the data is correct to support the trade flow. Daily review of cross desk trading to ensure a flat book and escalation of any residual balances. Maintaining and clearing exception queues in a timely and efficient manner. Daily reconciliations are performed and exceptions that arise resolved. Providing support on any relevant project, under the direction and oversight of your Manager. Working with the team manager to fulfill the implementation of any changes necessary within the Settlements function in relation to regulatory and business requirements. Providing support for any internal or external audits as required. Supporting our Technology teams in technical developments, including UAT and post-release support. Fulfilling any additional or ad hoc duties as required to meet the needs of our business. Experience / Competences Demonstrates excellent attention to detail, possesses high organization skills & a proactive approach. Demonstrates strong analytical ability and problem-solving skills. Demonstrates the ability to work effectively in a high-pressure environment. Highly effective written & oral communication skills; adapts communication style to suit audience. Shows evidence of being comfortable working in fast-paced or pressured environments. Skilled in Microsoft applications software (Word, Excel, PowerPoint, Outlook). Knowledge of financial markets. Previous experience in a similar organization. Not 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 organization. Our dedicated Talent Acquisition team is here to assist you in recognizing 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 Statement We 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 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.
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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 undertakes 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 Responsibilities Timely matching of trades and resolution of any exceptions same day. Validation of front office amendments/cancellations where necessary. Provision of first line support to brokers for any settlements queries. Escalation of any issues (where necessary) to management. Collaboration with peripheral teams to ensure the data is correct to support the trade flow. Daily review of cross desk trading to ensure a flat book and escalation of any residual balances. Maintaining and clearing exception queues in a timely and efficient manner. Daily reconciliations are performed and exceptions that arise resolved. Providing support on any relevant project, under the direction and oversight of your Manager. Working with the team manager to fulfill the implementation of any changes necessary within the Settlements function in relation to regulatory and business requirements. Providing support for any internal or external audits as required. Supporting our Technology teams in technical developments, including UAT and post-release support. Fulfilling any additional or ad hoc duties as required to meet the needs of our business. Experience / Competences Demonstrates excellent attention to detail, possesses high organization skills & a proactive approach. Demonstrates strong analytical ability and problem-solving skills. Demonstrates the ability to work effectively in a high-pressure environment. Highly effective written & oral communication skills; adapts communication style to suit audience. Shows evidence of being comfortable working in fast-paced or pressured environments. Skilled in Microsoft applications software (Word, Excel, PowerPoint, Outlook). Knowledge of financial markets. Previous experience in a similar organization. Not 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 organization. Our dedicated Talent Acquisition team is here to assist you in recognizing 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 Statement We 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 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.
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