Settlement Analyst Job Description
Settlement analyst
provides credit support to internal business partners including TD Securities trading functions, cash management and Trade Finance teams which require credit to operate.
Settlement Analyst Duties & Responsibilities
To write an effective settlement analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included settlement analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Be knowledgeable of and ensure compliance with trading standards and other compliance requirements
Process securities transactions which includes matching of trade confirmation and settlements for the trades
Liaise with front office, dealers, custodians and counterparties to process the securities settlement
Investigate and follow-up on outstanding trade confirmations and failed trades
Resolve issues and address queries from Front office, Dealing, Counterparties and Custodians, and
To assist in the development of test data and participate in testing of new system releases where applicable
Initiate and reconcile all money movements (purchase, redemption and dividends) between the Transfer Agent accounts for GSAM and the corresponding Custodian banks
Initiate all disbursements for the funds on behalf of shareholder requests
Reconciles incoming payments with controlled purchase orders and initiate funding to the custodian banks
Coordinate with the Investment Center and Portfolio Management so that daily trading cut-offs for the funds are promptly met
Settlement Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Settlement Analyst
List any licenses or certifications required by the position: FPC, CPP, CPA, ITIL
Education for Settlement Analyst
Typically a job would require a certain level of education.
Employers hiring for the settlement analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Education, Computer Science, Finance/Accounting, Communication, Business/Administration, Business Administration/Finance
Skills for Settlement Analyst
Desired skills for settlement analyst include:
Internal control structure & compliance
Settlement Operation process
Account reconciliation and balancing processes
Cash management
Financial analysis
Trade life cycle for Fixed Income / Securities products
Special trade and funding structures
Trade Finance business
Trading of money market instruments
Ensure compliance with trading standards and other compliance requirements
Desired experience for settlement analyst includes:
Monitor and process fund estimates to ensure accurate portfolio and custodian reporting
Work closely with the Investment Center to resolve any shareholder requests regarding wires and trade settlement
Perform all functions under the pressure of daily trading and processing deadlines
Minimum of one year in the financial services industry preferred in mutual fund operations or accounting experience
Record above transactions into the core banking system and local regulatory reporting systems (AML, ABOQ, BOP?RCPMIS, Enterprise credit system )
Report in and out cash flow to Treasury as per procedure and coordinate with other teams for smooth process of the transactions, such as CIB RM, Middle Office, Credit and FM Operation
Settlement Analyst Examples
1
Settlement Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of settlement analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for settlement analyst
- Identify, recommend and implement solutions to streamline existing operational processes and achieve results of enhanced productivity and increased efficiencies
- Responsible for day to day securities settlement operations on subscriptions, redemptions, trailer fee processing for Equity, Bonds and Equity Derivatives
- Manage all aspects of trade settlement
- Through on-the-job training, discussions with colleagues and self learning, develop a thorough understanding of relevant TSF structures including the key risks and controls associated with each structure, and relevant tax & legal implications
- This position performs real time balancing of the critical path job stream
- Understand project objectives, direction and project approach
- Participate in daily, weekly and monthly settlement of physical and paper trading activity (Accounts Payable/Receivable)
- Coordinate with counter-parties to resolve invoice reconciliation discrepancies proactively and timely
- Assure accuracy and integrity of activity recorded in general ledger
- Assist with generation of invoicing statements and cash forecasting, communicating progress with settlements lead and accounting team
Qualifications for settlement analyst
- Highly dependable and dedicated to team
- Good comprehension of control environment requirements, experience with various audits
- Knowledge of payment system transaction flows
- Bachelors in Finance or equivalent and knowledge of fixed income markets
- Be analytical, organized, accurate and detail-oriented with fact-based discipline
- Ability and willingness to take initiative on new projects and work well in a team environment
2
Settlement Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of settlement analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlement analyst
- Reconcile commodity activity between facility statements and ETRM system to ensure data integrity, communicating impacts to commercial and accounting teams
- Understand contract details, fees, rates, and payment schedules to ensure all items for payment are captured in a timely manner
- Identify, recommend and implement process improvements around settlement and accounting processes
- Assist with related projects and analysis
- Work outside of normal business hours may be required at times
- General accounting knowledge of payables, receivables and inventory
- Bachelor's degree in Accounting, Finance or Business OR Associates Degree in Accounting, Finance or Business with 5+ years of experience in Accounting or Business
- Ability to multi-task, grasp complex issues, pay strict attention to details
- 3+ years of Accounting or business related experience
- Working knowledge of commodity trading and trading fundamentals in power industry
Qualifications for settlement analyst
- Minimum 2 years of experience with Workday HR/payroll preferred
- Ideally, you will be a university degree in banking/finance/accounting or commensurate experience
- You will need at least 4 years of Trade Finance operations (including L/C Documentation, presentation and trade documentation) in foreign bank
- At least 3 years in back office security settlement functions within a Private Bank or Wealth Management environment
- Specializations in other security types such as bonds, equities, structured products may be considered
- Avaloq knowledge is preferable
3
Settlement Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of settlement analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for settlement analyst
- Allocate multiple currency incoming payments in a timely manner for all service lines
- Ensure reconciliation of data with SAP
- Request payment notifications and prepare payment proposals
- Keep contact with markets and support intragroup settlement
- Liaise with various internal and external parties to clarify unallocated positions
- Analyse and/or prepare reports and provide proposals for corrective actions where necessary
- Responsible for daily processing/monitoring of stock plan automated and manual Corporate payments
- Processes trade correction for pre and post settlement errors or tax adjustments
- Performs monthly/quarterly/ yearend checkout related to SOPT, 1099 and retail accounts
- Leads the development of statistical studies of energy utilization
Qualifications for settlement analyst
- Strong hands-on coding skills in Java and strength in OO design -Knowledge of ORM /persistence frameworks
- Strong communication skill, written and verbal -Ability to interact with non-technical user groups
- Solid knowledge of Linux and shell scripting -Familiar with SDLC tools
- Financial industry background, and specifically exposure to back-office processing (securities clearance and settlement, Swift) -Experience of working on application with external connectivity
- Minimum 1 years of experience with Workday HR/payroll or other SaaS payroll engine preferred
- Experience with Workday HR/payroll preferred
4
Settlement Analyst Job Description
Job Description Example
Our company is looking to fill the role of settlement analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlement analyst
- Provides consultation, analyses and support for the development of load profiles used in gas and electric retail market settlements
- Research and resolve order settlement disconnects, past due invoices, deductions, on account cash, , to ensure working capital objectives are met
- Pull credit/business reports when necessary
- Support customer bankruptcy and country risk related activities as needed
- Perform monitoring and validation within the platforms to ensure processing was timely and complete
- Provide support to the Estate Settlement (ES) Director and Sr
- Accept / Sort / Match incoming SWIFT messages
- Prompt affirmation of trade instructions in NCS-v11
- Processing of IPO applications
- Creates regular reports to verify that GetPaid and Oracle are in alignment
Qualifications for settlement analyst
- Partnering with various teams to ensure BA deliveries fully met across Settlements projects
- Working with the Project Managers to develop a view of Business Analysis demands across all delivery work streams and resource requirements across the rest of the program
- Assist in determining approach for migrating off the existing, legacy Settlements platform of NTPA our development of strategic applications such as Instruction Manager, Settlements Manager, and Pre Matching
- Diploma in Banking and Finance / Accountancy
- Experience managing a team of minimum 3 staff in the FX /MM/NDF Settlement process or equivalent
- Responsible for exception management handling for the FX, MM and NDF Process and Settlements
5
Settlement Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a settlement analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for settlement analyst
- Streamlines current processes for management in Credit Recovery
- Communicates status on delinquent agents to the Credit managers
- Responds to requests on agent status
- Creates new reporting, as needed
- Reviews, researches, and responds to e-mails regarding agents received from Credit Recovery, Settlement and Sales
- Perform management reporting, update SOP & respond to enquiries
- Other operational duties as may be assigned from time to time
- Day to day responsibilities involve investigating nostro breaks, including chasing clients for non receipt of funds and making payments to clients for failed paymented
- Ensuring that all payments are settled correctly and any breaks are followed up on a timely manner
- Establishing an excellent relationship with Front Office sales and other internal clients
Qualifications for settlement analyst
- Opportunity to deliver quality in Business Analysis standards and best practices across the Group Ops IT
- Have a strong understanding of regulatory environment and be aware of recent regulatory changes applicable for OTC market
- Strong understanding of various RBI guidelines, FEDAI circulars, FEMA notifications from time to time and execute relevant trade regulatory reporting
- Provide independent oversight over the status of the control environment for the unit responsible for FX Settlements
- Act as subject matter expert and ‘go to’ point of contact for the desk and escalation on settlement issues
- Facilitate resolution of potential failed settlements