At a Glance
- Tasks: Match trades and resolve exceptions in a fast-paced environment.
- Company: Join TP ICAP, a leading global market infrastructure provider.
- Benefits: Enjoy competitive pay, flexible hours, and a supportive team culture.
- Other info: Inclusive workplace with opportunities for growth and development.
- Why this job: Make an impact in financial markets while developing your skills.
- Qualifications: Attention to detail, strong analytical skills, and proficiency in Microsoft Office.
The predicted salary is between 31500 - 38500 £ 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 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
- 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)
- Knowledge of financial markets
- Previous experience in a similar organisation
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute.
Settlements Analyst 1 employer: TP ICAP Group
TP ICAP is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to inclusivity, employees benefit from robust professional development opportunities and a culture that values diverse perspectives, ensuring everyone can contribute meaningfully to the company's success. As the world's leading broker in Energy & Commodities, working here means being part of a prestigious team dedicated to excellence and growth in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Settlements Analyst 1
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like TP ICAP Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Settlements Analyst 1
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to TP ICAP Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on TP ICAP Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at TP ICAP Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with TP ICAP Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at TP ICAP Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former TP ICAP Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
