Permanent Contract

Settlements (Domestic FED wire) - Senior Associate

Modified on 26/03/2024

  • NEW YORK - United States Of America
  • Operations
  • 2024-87909

Job description

Summary

Responsible for the day-to-day back office support of trading activities executed by CA Securities, our affiliates and clients. Settlement activities of all US TSY transactions. Reconciliation of trading activities

Key Responsibilities

  • TRADE PROCESSING- PROCESSING OF CASH TRADES (BUYS/SELLS) AND REPO TRANSACTIONS CLEARING THROUGH THE BNY BDC FED WIRE SYSTEM.

 

  • TRI-PARTY: PROCESSING AND FULL KNOWLEDGE OF TRI-PARTY ALLOCATIONS PROCESS UTILIZING THE BANK OF NEW YORK ACCESSEDGE SYSTEM.

 

  • PAIR-OFFS: MONITORING AND PROCESSING OF CUSTOMER PAIR-OFFS, INCLUDING CANCELLATION OF TRADES TRANSMITTED TO BNY TO AFFECT PAIR-OFF WIRE PAYMENT.

 

  • SYSTEMS: KNOWLEDGE OF ALL BNY BDC FUNCTIONS, INCLUDING THE TRANSMISSION MODES, POSITION SCREENS, PENDING TRADES, ACK/NAK, RDARS, CASH SCREENS.

 

  • INTERACTION: HIGH VOLUME PROCESSING AND KNOWLEDGE OF FED WIRE DEADLINES; CONSTANT INTERACTION WITH MIDDLE OFFICE AND TREASURY REPO DESK.

 

  • RECONCILIATION: INTRADAY AND END OF DAY BALANCING OF ACTIVITY CLEARED AT BNY THAT WAS PROCESSED ON PHASE3 SYSTEM TO ENSURE BALANCING OF POSITIONS AND CASH. PROCESS JOURNAL ENTRIES AND CASH MOVEMENTS ON PHASE3.

 

  • FICC- KNOWLEDGE OF FICC PROCESSING, INCLUDING TRADES NETTED AND BALANCE ORDER FAILS WITH THE CLEARINGHOUSE.

Secondary Duties:

  • Assist the area when called upon for the other aspects of the department and operation
    Cross-training to assist department members
     

Management and Reporting

 

  • Reporting to management of positions in inventory and operational suspense account.
  • Daily reporting of open trades and unmatched trades to escalate for timely settlement.

 

Key Internal contacts

 

  • CA middle & Front office, Finance & Compliance; Internal Audit

 

Key External contacts

 

  • CA affiliate accounts (Paris, Tokyo)

 

Salary Range: $100k - 150k

    • Minimum level of study
    • Bachelor Degree / BSc Degree or equivalent
    • Training / Specialization
    • Required: Bachelors Degree Preferred: FINRA SERIES 99 
      5 or more years’ experience relating to domestic trade FED settlements
    • Minimum experience level
    • 3-5 years
    • Compétences recherchées
      • Must be a self-starter, with excellent problem solving skills and be able to work under pressure 
      • Must possess strong written/oral communication skills
      • Ability to communicate clearly and easily
      • Ability to analyze and summarize
      • Rigour and sense of organization
      • Apprehension of results and priorities
      • Relationship management/Commercial sense
    • IT tools
    • Required: Working knowledge of the following systems: BNY BDC, DTCC, Fed-wire,  Preferred:Knowledge of Sungard/Phase3 processing system 

  • About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com Twitter: https://twitter.com/ca_cib LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/ By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Crédit Agricole CIB
Crédit Agricole CIB
Crédit Agricole CIB

Crédit Agricole CIB

Settlements (Domestic FED wire) - Senior Associate

Published the 26/03/2024

Permanent Contract
  • NEW YORK - United States Of America
  • Operations
  • 2024-87909

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