At a Glance
- Tasks: Ensure timely trade settlements and manage collateral with precision.
- Company: Join a leading international fixed income broker/dealer.
- Benefits: Competitive salary, flexible hours, and opportunities for growth.
- Other info: Fast-paced environment with potential for career advancement.
- Why this job: Be at the heart of capital markets and make impactful decisions daily.
- Qualifications: Knowledge of trade lifecycle and strong communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
We are working with an international institutional fixed income broker/dealer. They are seeking a Settlements Associate to be responsible for the daily operational processes supporting trade settlement, collateral management, and specialized handling of capital markets transactions.
Key Responsibilities
- Ensure timely settlement of trades, accurate margin call administration, and proactive issue resolution with counterparties and internal stakeholders.
- Lead margin calls with counterparties to meet required deadlines, providing timely responses and escalations.
- Lead assigned special handling processes.
- Own, monitor, and action open items in alignment with daily task deadlines and process guidelines.
- Manage coordination of deal pipeline activities with relevant internal teams, ensuring postings in the TradeOps Calendar and adherence to specialized settlement requirements.
- Partner closely with internal teams, counterparties, custodians, and clearing agents to resolve settlement breaks and margin disputes.
- Provide timely updates and elevate issues to management when settlement risk is identified.
- Support oversight of money differences, actively monitoring balance breaks in relevant systems and accounts.
- Manage customer communication and reconciliation processes on high-risk unresolved money balances.
What We Are Looking For
- Strong understanding of trade lifecycle and settlement processes related to fixed income products.
- Strong understanding of key platforms and vendors used in the settlement process (including DTCC, RTTM, Euroclear, Clearstream, and Pershing).
- Strong written and verbal communication skills with external counterparties.
- Ability to work independently under tight deadlines, particularly morning margin cutoffs.
Settlements Associate employer: Saxton Leigh
As an international institutional fixed income broker/dealer, we pride ourselves on fostering a dynamic and collaborative work environment where our Settlements Associates can thrive. Our commitment to employee growth is evident through ongoing training opportunities and a culture that encourages innovation and proactive problem-solving. Located in a vibrant financial hub, we offer competitive benefits and the chance to work alongside industry experts, making this an ideal place for those seeking meaningful and rewarding careers in capital markets.
StudySmarter Expert Advice🤫
We think this is how you could land Settlements Associate
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in settlements or trade operations. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of trade lifecycle and settlement processes. We recommend practising common interview questions related to margin calls and capital markets transactions so you can impress your potential employer.
✨Tip Number 3
Showcase your communication skills! During interviews, be ready to discuss how you've effectively resolved issues with counterparties or internal teams. Real-life examples will make you stand out as a candidate who can handle the pressure.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged in their job search.
We think you need these skills to ace Settlements Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience with trade settlement and collateral management. We want to see how your skills align with the key responsibilities mentioned in the job description.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Settlements Associate role. Share specific examples of how you've handled similar tasks or challenges in the past.
Showcase Your Communication Skills:Since strong written communication is key, ensure your application is clear and concise. We appreciate well-structured applications that reflect your ability to communicate effectively with counterparties.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Saxton Leigh
✨Know Your Trade Lifecycle
Make sure you brush up on your understanding of the trade lifecycle and settlement processes, especially for fixed income products. Being able to discuss these concepts confidently will show that you’re not just familiar with the theory but can apply it in practice.
✨Familiarise Yourself with Key Platforms
Get to know the key platforms and vendors mentioned in the job description, like DTCC, RTTM, Euroclear, Clearstream, and Pershing. If you can speak about your experience with these systems or similar ones, it’ll demonstrate your readiness for the role.
✨Practice Your Communication Skills
Since strong written and verbal communication skills are crucial, consider practising how you would explain complex settlement issues to external counterparties. Role-playing common scenarios can help you articulate your thoughts clearly and effectively during the interview.
✨Prepare for Tight Deadlines
Be ready to discuss how you handle tight deadlines, particularly around morning margin cutoffs. Think of specific examples from your past experiences where you successfully managed time-sensitive tasks, as this will highlight your ability to thrive under pressure.
