SETTLEMENTS ANALYST

Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. CFT is represented in over 28 countries, employing over 2,500 people.Tradition’s goal is to provide superior client services. It believes its business success is a direct reflection of its employees and recruits. As such, teamwork, creativity, reliability and integrity are components of a work ethic taken very seriously since the company was founded in 1959.Tradition is currently seeking to appoint a Settlements Analyst based in Madrid.Main responsibilities within the Settlements Analyst position include:Responsible for the settlement of Fixed Income Products.Main Settlement Markets include France, Germany and Euroclear but will be expected to manage other T2S settlement locations.Identifying and resolving trade matching exceptions, this may require direct contact with front office brokers, client personnel and settlement agents.Securities holding management – ensure, where necessary, partial settlement is offered to minimise the risk on daily overdrafts impacting liquidity at settlement agents.Fails management – ensure any failing trades are followed up with relevant parties and brought to the attention of an appropriate escalation contact.Carrying out BUY-INs where necessary, understanding the regulation BUY-IN rules, example FINRA and ICMA.Monitoring the group inbox.Setting up Fixed Income products, new clients, new desks and brokers within the in house system.Key skills, experience and competencies required in this role:Fixed Income product knowledge is beneficial but not essential.Experience within an Operations team.Understanding of settlement deadlines across all markets that are relevant.The ability to solve problems and be a lateral thinker.Excellent communicator.Ability to adapt to changing situationsAble to work under pressure and meeting multiple deadlines.Understanding settlement disciplines as part of CSDR.Experience of Microsoft Office particularly Excel and Outlook.Tradition do not accept agency CV’s. Please do not forward CV’s to our employees or Talent team. Tradition are not accountable for any fees related to unsolicited resumes. The Talent team will reach out to trusted agents when required.Please note, due to the large volume of applications for this position, only suitable candidates will be contacted. If you have not heard from us within 14 days, unfortunately, your application has been unsuccessful.Tradition welcome all suitable applications and are an equal opportunity employer who value diversity. All employment is decided on the basis of qualifications and merit.By applying for this role, you agree that we may retain your details on our system for a period of 6 months and may contact you for any future vacancies that may arise within the Tradition Group.