At a Glance
- Tasks: Match trades accurately and support brokers with settlements queries in a fast-paced environment.
- Company: Join TP ICAP, a leading global market infrastructure provider with a collaborative culture.
- Benefits: Enjoy competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Inclusive workplace that values diverse perspectives and encourages personal growth.
- Why this job: Make an impact in the financial markets while developing your skills in a dynamic team.
- Qualifications: Strong attention to detail, analytical skills, and proficiency in Microsoft applications.
The predicted salary is between 30000 - 40000 £ per year.
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. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 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 settle 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 have no trading position or portfolio & so we deem this ‘Matched Principal’ (buys & sells are matched exactly) which is also sometimes called turnaround trading. ICAP have a small stock loan business which is processed by the Settlements team and can be a manually intensive task. Also in this team we have resource that looks after corporate actions (mainly coupon & dividend payments) that arise due to the principal trading. 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 undertake 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.
Key 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 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 any residual balances
- The maintaining and clearing 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
Experience & Competencies:
Essential:
- 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)
Desired:
- Knowledge of financial markets
- Previous experience in a similar organisation
Location: UK - City Quays - Belfast
Settlements Analyst 1 in Belfast employer: TP ICAP Group Services
At TP ICAP, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters inclusivity and collaboration. Our Belfast office provides employees with unique opportunities for professional growth within the financial markets sector, supported by a commitment to innovation and excellence. With a focus on employee well-being and development, we ensure that our team members are equipped to thrive in a fast-paced environment while contributing to our vision of being the world's most trusted liquidity and data solutions specialist.
StudySmarter Expert Advice🤫
We think this is how you could land Settlements Analyst 1 in Belfast
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand TP ICAP's values and how they align with your skills. This will help you stand out and show that you're genuinely interested.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements effectively.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar!
We think you need these skills to ace Settlements Analyst 1 in Belfast
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Settlements Analyst role. Highlight relevant experience and skills that match the job description, especially your attention to detail and analytical abilities. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our mission at TP ICAP. Keep it concise but impactful – we love a good story!
Showcase Your Communication Skills:Since effective communication is key in this role, make sure your application reflects your written communication skills. Use clear and professional language, and don’t forget to proofread for any typos or errors – we appreciate attention to detail!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at TP ICAP Group Services
✨Know Your Settlements Inside Out
Before the interview, make sure you understand the basics of settlements, especially in Fixed Income and Cash Equity. Brush up on terms like matched principal trading and the role of Euroclear. This will show your potential employer that you're genuinely interested and knowledgeable about the field.
✨Showcase Your Attention to Detail
Since the Settlements Analyst role requires high attention to detail, prepare examples from your past experiences where you demonstrated this skill. Whether it was through managing large datasets or ensuring accuracy in reports, having specific anecdotes ready will help you stand out.
✨Prepare for High-Pressure Scenarios
The job can be fast-paced and stressful, so think of times when you've successfully managed pressure. Be ready to discuss how you prioritised tasks or resolved issues quickly. This will demonstrate your ability to thrive in a challenging environment.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice explaining complex concepts in simple terms, as you may need to support brokers with queries. Being able to adapt your communication style to different audiences will be a big plus in your interview.
