Summary
Responsible for the day-to-day back-office support of trading activities executed by CA Securities, CACIB NY branch, our affiliates and clients. Settlement activities of all US TSY transactions. Tri-party processing & funding, and DTCC activities for the self-clearing broker dealer.
Key Responsibilities
Manage settlements within the US Domestic Settlements team, which incorporate transactional processing in DTCC, NSCC, BNY BDC & BNY Accessedge.
· Thorough knowledge of DTCC functionalities, as we are a self-clearing broker dealer and direct DTCC members.
RAD approvals, occasional manual deliveries and pledges, investigation, movement of collateral to satisfy intraday deficits.
· Funding of the broker-dealer account- review of incoming and outgoing payments, DTCC, NDCC & FED settlements to determine
Daily funding requirement with Treasury department.
· BNY FED wire & triparty- required knowledge of BNY BDC functionality for FED settlements & collateral movements.
Need to be knowledgeable of BNY Accessedge for triparty movements, force maturities, allocations of triparty shells.
· Must be familiar with products within our scope, US corporate bonds, US equities, US FED eligible TSY & MBS, commercial paper, MMI
instruments.
· Processing of wire payments for collateral requirements, reprices, pair-offs, claims & coupon interest.
· Department balancing between clearinghouses (DTCC, NSCC, BNY) and internal systems (FIS Phase3) ensuring that books and records
are balances on a daily basis.
· Ability to communicate & articulate with other support teams (Finance, middle office, collateral management) along with front office trading and sales
on production issues, along with projects and implementations.
SYSTEMS: KNOWLEDGE OF ALL BONY BDC & ACCESSEDGE FUNCTIONALITIES –TRADE MATCHING, ALLOCATION OF TRIPARTY SHELLS, 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, TRADING, SALES 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.
CASH MANAGEMENT- DAILY FUNDING OF OUR DEPOSITORY ACCOUNTS- DTCC, BANK OF NEW YORK, EUROCLEAR. COMMUNICATION WITH NY TREASURY TEAMS ON FUNDING NEEDS. COMMUNICATION WITH PARIS TREASURY ON FUNDING OF PARIS ACTIVITIES THAT CLEAR THROUGH CAS & CACIB NY BRANCH.
