TD Bank

Fixed Income DTC Settlement Analyst

TD Bank$95K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in fixed income securities operations
  • Strong hands-on expertise with DTC settlement workflows
  • Exposure to repo, Stock Loan and DTC Settlement required
  • Bachelor's degree in finance, Business, or related field preferred
  • Experience at a broker-dealer or primary dealer environment preferred

Responsibilities

  • Manage daily DTC settlement of fixed income securities including various delivery types
  • Ensure timely settlement in a T+1 environment while meeting market cut-offs
  • Monitor and manage DTC settlement queues using Settlement Web / PTS
  • Escalate high-risk exposures and aged fail items
  • Drive resolution with counterparties, custodians, and internal trading desks
  • Perform daily reconciliations of DTC positions vs. internal ledgers and cash balances
  • Act as key liaison between various internal and external parties

Benefits

  • Skills development and growth opportunities
  • Support for audits, inquiries, and control reviews
  • Opportunities to drive operational scalability and risk reduction initiatives
  • Participation in system upgrades, testing, and platform migrations
  • Engagement in process improvement and automation initiatives
Full Job Description
Work Location:
New York, New York, United States of America

Hours:
40

Line of Business:
TD Securities

Pay Detail:
$95,000 - $115,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Preferred Qualifications:

Role Summary

The Fixed Income DTC Settlement Analyst is responsible for the end-to-end settlement of U.S. fixed income securities through The Depository Trust Company (DTC). The role focuses on ensuring timely settlement, minimizing fails, managing inventory and funding impacts.

Key Responsibilities

Settlement Execution (Fixed Income Focus)
  • Manage daily DTC settlement of fixed income securities including:
    • DVP/RVP, free of payment, and institutional deliveries
    • REPO, Reverse REPO
    • Stock Loan - Loanet
  • Ensure timely settlement in a T+1 environment while meeting all market cut-offs
  • Monitor and manage DTC settlement queues using Settlement Web / PTS
  • Escalate high-risk exposures and aged fail items
  • Drive resolution with counterparties, custodians, and internal trading desks
  • Partner with funding/treasury teams to ensure sufficient liquidity


Reconciliation & Controls
  • Perform daily reconciliation of:
    • DTC positions vs. internal ledgers
    • Cash balances and settlement activity
  • Identify and resolve breaks with a strong control mindset
  • Ensure adherence to operational risk and control frameworks


Stakeholder Management
  • Act as key liaison between:
    • Fixed Income Trading Desks
    • Middle Office / Confirmations
    • Funding & Treasury teams
    • External counterparties and custodians
  • Provide clear, timely updates on settlement risks and issues


Regulatory & Risk Compliance
  • Ensure compliance with SEC, FINRA, and internal policies
  • Support audits, inquiries, and control reviews


Process Improvement & Change Initiatives
  • Identify opportunities to automate manual processes and improve STP rates
  • Participate in system upgrades, testing, and platform migrations
  • Drive operational scalability and risk reduction initiatives


Qualifications & Experience

Experience
  • 5+ years of experience in fixed income securities operations
  • Strong hands-on expertise with DTC settlement workflows
  • Exposure to repo, Stock Loan and DTC Settlement is required


Systems & Tools
  • DTC platforms (Settlement Web, PTS/PBS)
  • Settlement systems (e.g., Broadridge)
  • Stock Loan system (Loanet)


Skills & Competencies
  • Strong analytical and problem-solving capabilities
  • High attention to detail with a risk & control mindset
  • Ability to perform in a high-volume, time-sensitive environment
  • Effective communication with trading desks and senior stakeholders


Key Performance Indicators (KPIs)
  • Timely resolution of exceptions and reconciliation breaks
  • Accuracy of DTC positions and cash balances
  • Improved settlement efficiency and STP rates
  • Strong audit and control outcomes


Preferred Qualifications
  • Bachelor's degree in finance, Business, or related field
  • Experience at a broker-dealer or primary dealer environment


The Operations Analyst/Specialist I TDS provides back up for the Canadian Fixed Income Desk. This individual will handle corporate actions, daily cash reconciliation, tracking file uploads into FIST, and be a DTC clearance specialist. Responsibilities include the clearance of London trading activity passing through US broker/dealers. Activities include advising agent of ticket control numbers for confirmations and by performing required system maintenance. In addition, the position will maintain compliance files and verify new clients are set up on FIST, acknowledging that settlement and other client instructions are complete.

Depth & Scope:
  • Acts as a specialist owner or representative in the discipline
  • Leads / participates in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for Global Business Services
  • Identifies documents, investigates, and resolves service delivery issues
  • Manages relationships with the client, and other areas of TDS / GBS
  • Acts as a project manager for small-scale projects/initiatives
  • Initiates or participates in projects follows project management methodologies, communicates project status and provides timely escalation of issues to senior management to ensure project objectives are met
  • Interfaces with regulators, external groups (legal firms, accountants etc.), suppliers on operating and service delivery issues relative to the specific area of functional expertise as authorized by the manager
  • Escalates non-standard or high risk transactions or other activities as appropriate
  • Acquires and applies expertise in the discipline, provides guidance, assistance and direction to others in TD Securities
  • Identifies recommend and effectively executes standard practices applicable to the discipline
  • Analyzes service delivery issues and identifies potential solutions that enhance the customer experience and support TD Securities business objectives
  • Protects the interests of the firm identifies and manages risks
  • Completes business process reviews as required


Education & Experience:
  • Bachelor's degree, or specialized training / equivalent work experience
  • 3-4 years related experience


About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Net Income
-$6.9 million
5 Year Trend
+6.6%

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