International Settlements Clerk
Core
End-to-end processing of equity and fixed-income trades across global markets, from booking to final settlement.
Role type
International Settlements Clerk
Builds
Accurate settlement records and resolved trade discrepancies for global equity and fixed-income markets
Domain
Securities operations and international settlements
Required skills
Trade booking and settlement processing, Discrepancy identification and resolution, Settlement instruction verification, Custodian and counterparty coordination, Fail tracking and investigation, Reconciliation of securities and cash
Preferred skills
DVP and FOP transaction knowledge, Major market infrastructure familiarity (Euroclear, CREST), SWIFT messaging experience, FIS Phase 3 experience
Technologies
SWIFT, FIS Phase 3, Excel
Responsibilities
Process and monitor international equity and fixed-income transactions from trade booking through final settlement. Review trade details, allocations, confirmations, and matching status to identify discrepancies before market deadlines. Verify settlement instructions, account details, settlement dates, currencies, and place of settlement. Coordinate trade amendments and settlement instructions with global custodians, sub-custodians, clearing agents, and counterparties. Monitor securities availability and cash funding requirements; escalate shortfalls as needed. Track unmatched, pending, and failed transactions, prioritizing aged fails, significant exposures, and approaching cut-offs. Investigate fail causes such as insufficient securities, funding shortages, incorrect instructions, late allocations, and booking errors. Maintain fail reason codes, exception logs, and daily management reporting; follow established procedures and controls. Reconcile securities positions, cash balances, and settlement activity against custodian and internal records. Support investigation and resolution of settlement penalties, claims, and buy-in notices.
Seniority
Junior to Mid-level, hands-on IC