Settlements Analyst

Role Overview

The Settlements team are responsible for supporting a multitude of Fixed Income and Cash Equity broking desks in several EMEA locations including performing a variety of Settlement Middle office tasks to ensure both timely and accurate matching of trades within a controlled environment.The team settle principal bond, equity & money market instruments (CDs, Commercial Paper, notes) trades via Euroclear or in 30+ local domestic markets utilising an agent bank network (BNY Mellon, BNP Paribas, Deutsche Bank etc).The company have no trading position or portfolio & so we deem this ‘Matched Principal’ (buys & sells are matched exactly) which is also sometimes called turnaround trading.ICAP have a small stock loan business which is processed by the Settlements team and can be a manually intensive task.Also in this team we have resource that looks after corporate actions (mainly coupon & dividend payments) that arise due to the principal trading.