Job Order #2317

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Posted Date: 8/14/2014
Job Category:
Position Title: SR Trade Settlements Analyst
Salary Range:
Location: Chicago, Illinois, USA
Desired Skills:
Name Level Experience Required
Articulate No
Desktop Applications No
Operations No
Organizational Skills No
Problem-Solving No
Reconciliation No
Trading No

TITLE: Senior Trade Settlement Analyst

1. Must have 3+ years of experience working within a Capital Markets Operations role in the last 5+ years.
2. Fixed Income background is preferred but not mandatory.
3. ICI Impact system experience is a plus.


Fulfill routine and non-routine transactions for the Operations supporting Capital Markets debt products businesses. Perform DTC and Euroclear trade settlement and reconciliation activities, and solve more complex issues efficiently and effectively in accordance with broker dealer and industry standards. Follow procedures to resolve internal business partner requests and issues. Act as a subject matter expert to the team. Recommend/ implement process improvements. Act as point of approval/ resolution of escalated issues, where applicable. Manage various types of securities processing activities for the BMO Capital Markets including, trade processing and settlement functions, resolution of unmatched trades with counter-parties, cash movements, processing of cancel/rebilled trades, filing documents per regulatory guidelines, and more. Perform the trade settlement functions for Fed eligible and DTC eligible securities by utilizing the DTC System settlement functions, including Financing type trades such as Tri-Party trades. Work with the sales and trading areas as well as external counter parties to resolve non confirmed/matched trades so that trades settle timely. Process and/or fulfill transactions, perform audit/ reconciliation activities and/or other activities in accordance with established priorities and deadlines on a timely, accurate and efficient basis. Work daily with internal business partners and external counter-parties to minimize number of failed trades. Balance end of day cash positions with the DTC depository. Coordinate end of day Firm financing activities. Review and resolve reconciliation discrepancies in a timely manner. Process any interest claims against counter parties. Create and process general ledger entries. Review of MSRB and TRACE reported trades to identify any reporting problems and for escalation and resolution. Generation and distribution of various reports, including trade fails and other types of data. Prepare journal entries and accurately and timely. Resolve discrepancies/ exceptions that frequently deal with non-routine situations, requiring further analysis. Investigate and may resolve or make recommendations to more senior team members on more complex, non-routine issues relating to internal business partner and/or external customer inquiries or requests, business process efficiency and quality control within existing procedures.


Knowledge: Securities processing knowledge, including municipal and corporate bond types and other fixed income type of securities with a broker/dealer. Fixed income clearing and settlement functions for the DTCC depository. University degree/college diploma or equivalent work experience. 2 to 3(+) years of related experience. Good knowledge of standard desktop applications used by the business unit. Good knowledge and understanding of the business unit's key products and services, processes and controls. Good understanding of the business unit's risk and regulatory requirements. Good knowledge of departmental systems and applications

Skills: Strong processing skills with great attention to detail and accuracy. Ability to multi-task with strict processing deadlines. Good analytical and problem-solving skills. Good investigation skills. Able to prioritize. Good organizational skills. High levels of customer service and relationship management. Good written and oral communication. Ability to multi-task in a fast-paced environment.

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