Settlements Associate

TP ICAP Group Settlement Team Member

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.

The Group operates from more than 60 offices in 27 countries. We are 5,300 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

As a settlement team member, work to facilitate the successful settlement of US treasuries in FICC RTTM and the Bank of New York. Support competing businesses with professionalism and discretion. The role partners with Operations management, Risk, Finance, IT, GRD, and Client Onboarding, prioritizing risk aversion and regulatory compliance. The work of the settlement team directly impacts the funding capabilities of the firm, and the team has a responsibility to communicate issues effectively, thoroughly, and with all due transparency.

Role Responsibilities

• Process, settle and reconcile fixed income trades for the TP ICAP businesses.
• Monitor trade flow and ensure post-trade processes are functioning from Middle Office and Back office applications along with messaging to the settlement depositories such as FICC, MBSCC, Bank of NY and reporting to Trace.
• Monitor and execute settlements of securities and create and execute money wires at the settlement bank and FICC. Monitor TRACE reporting and liaise with brokers and customers to resolve discrepancies.
• Reconcile daily settlement control accounts.
• Facilitate TMPG claims.
• Handle audit requests from internal and external auditors.

Experience / Competencies

Essential

Desired

Level 5

$80,000-$90,000

#LI-Hybrid

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

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. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location USA - 200 Vesey Street - New York, NY