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 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 Overview
The 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 settles 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 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.
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 The maintaining and clearing of exception queues in a timely and efficient manner Daily reconciliations are performed and exceptions that arise resolved To provide support on any relevant project, under the direction and oversight of your Manager To work with team manager, to fulfil the implementation of any changes necessary within the Settlements function in relation to regulatory and business requirements To provide support for any internal or external audits as required To support our Technology teams in technical developments, including UAT and post-release support Fulfil any additional or ad hoc duties as required to meet the needs of our business Experience / Competences Demonstrates excellent attention to detail, possesses high organisation 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 organisation 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 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.
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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 The maintaining and clearing of exception queues in a timely and efficient manner Daily reconciliations are performed and exceptions that arise resolved To provide support on any relevant project, under the direction and oversight of your Manager To work with team manager, to fulfil the implementation of any changes necessary within the Settlements function in relation to regulatory and business requirements To provide support for any internal or external audits as required To support our Technology teams in technical developments, including UAT and post-release support Fulfil any additional or ad hoc duties as required to meet the needs of our business Experience / Competences Demonstrates excellent attention to detail, possesses high organisation 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 organisation 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 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.
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