Settlements (Domestic FED wire) - Senior Associate

Crédit Agricole

  • New York City, NY
  • $100,000-150,000 per year
  • Permanent
  • Full-time
  • 1 month ago
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.For more information, please visit www.ca-cib.comTwitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/Working every day in the interest of society, our Group is committed to diversity and inclusion. To find out more on our Diversity Policy, click here: https://www.credit-agricole.com/en/pdfPreview/198689Reference 2024-87909Publication date 26/03/2024Job descriptionBusiness typeTypes of Jobs - OperationsJob titleSettlements (Domestic FED wire) - Senior AssociateContract typePermanent ContractJob summarySummaryResponsible for the day-to-day back office support of trading activities executed by CA Securities, our affiliates and clients. Settlement activities of all US TSY transactions. Reconciliation of trading activitiesKey Responsibilities
  • TRADE PROCESSING- PROCESSING OF CASH TRADES (BUYS/SELLS) AND REPO TRANSACTIONS CLEARING THROUGH THE BNY BDC FED WIRE SYSTEM.
  • TRI-PARTY: PROCESSING AND FULL KNOWLEDGE OF TRI-PARTY ALLOCATIONS PROCESS UTILIZING THE BANK OF NEW YORK ACCESSEDGE SYSTEM.
  • PAIR-OFFS: MONITORING AND PROCESSING OF CUSTOMER PAIR-OFFS, INCLUDING CANCELLATION OF TRADES TRANSMITTED TO BNY TO AFFECT PAIR-OFF WIRE PAYMENT.
  • SYSTEMS: KNOWLEDGE OF ALL BNY BDC FUNCTIONS, INCLUDING THE TRANSMISSION MODES, POSITION SCREENS, PENDING TRADES, ACK/NAK, RDARS, CASH SCREENS.
  • INTERACTION: HIGH VOLUME PROCESSING AND KNOWLEDGE OF FED WIRE DEADLINES; CONSTANT INTERACTION WITH MIDDLE OFFICE AND TREASURY REPO DESK.
  • RECONCILIATION: INTRADAY AND END OF DAY BALANCING OF ACTIVITY CLEARED AT BNY THAT WAS PROCESSED ON PHASE3 SYSTEM TO ENSURE BALANCING OF POSITIONS AND CASH. PROCESS JOURNAL ENTRIES AND CASH MOVEMENTS ON PHASE3.
  • FICC- KNOWLEDGE OF FICC PROCESSING, INCLUDING TRADES NETTED AND BALANCE ORDER FAILS WITH THE CLEARINGHOUSE.
Secondary Duties:
  • Assist the area when called upon for the other aspects of the department and operation
Cross-training to assist department membersManagement and Reporting
  • Reporting to management of positions in inventory and operational suspense account.
  • Daily reporting of open trades and unmatched trades to escalate for timely settlement.
Key Internal contacts
  • CA middle & Front office, Finance & Compliance; Internal Audit
Key External contacts
  • CA affiliate accounts (Paris, Tokyo)
Salary Range: $100k - 150kPosition locationGeographical areaAmerica, United States Of AmericaCityNEW YORKCandidate criteriaMinimal education levelBachelor Degree / BSc Degree or equivalentAcademic qualification / SpecialityRequired: Bachelors DegreePreferred: FINRA SERIES 99Level of minimal experience3-5 yearsExperience5 or more years' experience relating to domestic trade FED settlementsRequired skills
  • Must be a self-starter, with excellent problem solving skills and be able to work under pressure

Crédit Agricole