Fixed Income Settlements Specialist

Background

Our client is looking for a Fixed Income Settlements Specialist who will play a critical role in the post-trade lifecycle of a range of financial instruments, ensuring that transactions are accurately confirmed, settled, and recorded. This team operates as a bridge between the front office (trading) and other support functions (risk, compliance, finance).

Accountabilities & Responsibilities

Trade Lifecycle Management

• Execute and monitor end-to-end trade processing for Repo, Credit Bonds, and other fixed income instruments.
• Ensure timely and accurate trade confirmation with counterparties via platforms such as MarkitWire, SWIFT, or email.
• Oversee settlement processes across global markets, ensuring alignment with market cut-offs and regulatory requirements.

Tri-Party Management

• Manage tri-party repo transactions.
• Liaise with tri-party agents (e.g., Euroclear) to ensure smooth processing and resolution of issues.
• Ensure compliance with internal and external guidelines.

BAU Operations & Controls

• Maintain daily BAU processes including reconciliations, exception management, and reporting.
• Investigate and resolve trade breaks, unmatched trades, and settlement fails.
• Ensure adherence to internal controls and escalation procedures.

Product & Market Expertise

• Apply deep understanding of fixed income instruments, including credit bonds, sovereign debt, and structured products.
• Stay current with market practices, regulatory changes (e.g., CSDR, SFTR), and industry developments.

Stakeholder Engagement

• Collaborate with front office, risk, compliance, and technology teams to resolve operational issues.
• Build strong relationships with custodians, counterparties, and clearing agents.

Process Improvement & Projects

Identify and implement process enhancements to improve efficiency and reduce operational risk.

• Participate in system upgrades, UAT testing, and strategic initiatives.

• Experience

  • At least 3–5 years of experience in Securities Operations, preferably in:
  • Fixed Income Middle Office
  • Repo and Collateral Operations
  • Trade Support or Settlements
  • Hands-on experience with:
  • Trade confirmation and settlement
  • Tri-party repo processing
  • Credit bond lifecycle events
  • Daily BAU operations and reconciliations