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Fixed Income Settlements Specialist
- Location London
- Job type Contract
- Salary £400 - 470 per day
- Discipline Financial Services
- Reference J92616
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