Fixed Income DTC Settlement Analyst

Fixed Income Dtc Settlement Analyst

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:

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