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- Tasks: Manage settlements for Prime Brokerage across international markets, ensuring timely trade matching.
- Company: Join Cantor Fitzgerald, a leading American financial services firm established in 1945.
- Benefits: Enjoy a hybrid work model with three days in the office and two days remote.
- Why this job: Be part of a dynamic team focused on communication and problem-solving in finance.
- Qualifications: Relevant experience in Prime Brokerage and strong knowledge of international market settlements required.
- Other info: Opportunity to work with advanced systems like Euroclear and Bloomberg.
The predicted salary is between 36000 - 60000 £ per year.
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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Settlements Clerk employer: Cantor Fitzgerald
Contact Detail:
Cantor Fitzgerald Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlements Clerk
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as Euroclear and Bloomberg. Having hands-on experience or knowledge of these platforms can set you apart during discussions.
✨Tip Number 2
Brush up on your communication skills, especially in relation to resolving mismatches and liaising with both internal teams and external clients. Being able to articulate your thoughts clearly will be crucial in this role.
✨Tip Number 3
Network with professionals already working in Prime Brokerage or Settlements roles. Engaging with them can provide insights into the day-to-day responsibilities and challenges, which can be beneficial during interviews.
✨Tip Number 4
Stay updated on current trends and news in international markets, particularly in Fixed Income and Equity. Demonstrating your knowledge of market dynamics can impress interviewers and show your commitment to the field.
We think you need these skills to ace Settlements Clerk
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Settlements Clerk. Familiarise yourself with the key tasks such as managing unmatched trades and communicating with the Customer Service Team.
Highlight Relevant Experience: In your CV and cover letter, emphasise any relevant experience in Prime Brokerage and your knowledge of International Markets. Mention specific systems you've used, like Euroclear or Bloomberg, to demonstrate your technical skills.
Tailor Your Application: Customise your application to reflect the skills and qualities mentioned in the job description. Use keywords from the listing, such as 'relationship management' and 'communication skills', to show you are a perfect fit for the role.
Proofread Your Documents: Before submitting your application, carefully proofread your CV and cover letter. Ensure there are no spelling or grammatical errors, as attention to detail is crucial in this role.
How to prepare for a job interview at Cantor Fitzgerald
✨Brush Up on Settlements Knowledge
Make sure you have a solid understanding of settlements, especially in the context of Prime Brokerage and International Markets. Be prepared to discuss specific scenarios involving unmatched trades and how you would resolve them.
✨Showcase Your Communication Skills
Since the role involves liaising with both the Customer Service Team and external counterparties, demonstrate your strong verbal and written communication skills. Practice explaining complex settlement issues clearly and concisely.
✨Familiarise Yourself with Relevant Systems
Get to know the systems mentioned in the job description, such as Euroclear, Bloomberg, and any in-house systems. If possible, try to gain some hands-on experience or at least understand their functionalities to discuss them confidently.
✨Demonstrate Your Team Player Attitude
Highlight your ability to work collaboratively within a team. Share examples from your past experiences where you successfully worked with others to achieve common goals, particularly in high-pressure situations.
