Fixed Income DTC Settlement Analyst

Fixed Income DTC Settlement Analyst 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 Manage daily DTC settlement of fixed income securities including DVP/RVP, free of payment, institutional deliveries, REPO, Reverse REPO, and 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 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. Operations Analyst/Specialist I TDS Provides backup for the Canadian Fixed Income Desk, handling corporate actions, daily cash reconciliation, tracking file uploads into FIST, and acting as a DTC clearance specialist. Responsibilities include clearance of London trading activity passing through U.S. broker‑dealers, advising on ticket control numbers for confirmations, and performing required system maintenance. Maintains compliance files and verifies new clients are set up on FIST, ensuring settlement and other client instructions are complete. Depth & Scope Acts as a specialist owner or representative in the discipline. Leads or participates in the identification, development, and implementation of new products, operating workflows, additional services/applications, or operational efficiencies for Global Business Services. Identifies documents, investigates, and resolves service delivery issues. Manages relationships with clients and other areas of TDS / GBS. Acts as a project manager for small‑scale projects/initiatives. Initiates or participates in projects following project management methodologies, communicating project status and providing timely escalation of issues to senior management. Interfaces with regulators, external groups, suppliers on operating and service delivery issues related 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, providing guidance, assistance and direction to others in TD Securities. Identifies, recommends 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 by identifying and managing risks. Completes business process reviews as required. Education & Experience Bachelor's degree, or specialized training / equivalent work experience. 3–4 years related experience. Benefits Our Total Rewards package includes base salary, variable compensation/incentive awards, health and well‑being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Equal Opportunity Statement TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law. #J-18808-Ljbffr TD Securities (USA) LLC