Settlement Specialist resume example with 16+ years of experience
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Work with CIBC for 11 years with proven knowledge and abilities in trade settlements. A consistent and eight times Awardee for Plus One Service
Member of the Project Team and a tester for the transition of European markets to T2S which was implemented in October 2014 and still doing updates for it's smooth implementation.
A team player, service oriented, adaptable and open to change.
Familiarity with trade's settlements systems and procedures for Asia, Europe and Exotic markets. Demonstrates success in time management. Expert in pre-matching and settling trades. Proven ability to work well under pressure and tight deadline. Ability to multi-task. Proficient with Microsoft (Word, Excel & Outlook) Strong communication both verbal and written and interpersonal skills.
| Equip with knowledge in the operation of various settlement applications/systems: ADP-Broadridge, DTCC, CDS, BONY, IWS, EUROCLEAR, ARROW and GOW |
Reconciles daily breaks for the Department and ensure that all Reconciliation breaks are adjusted before the day's end.
Prepares and reconcile month end reports and attestations.
Advices/responses to inquiries received from counter parties, internal staffs, bank's clients, agents and brokers related to trades and securities movements.
Checks accuracy of Fail trades' reasons daily.
Contacts traders, Front Office regarding unmatched and fail trades needing escalation to avoid failing the trades.
Contacts Agents/Brokers regarding escalated issues on securities transfers in and transfers out.
Liaises with different brokers and transfers agents in behalf of the Department for any issues regarding trades and securities movements.
Checks funding requirements of all foreign markets handled by the International Department to avoid fail trades due to insufficient funds.
Participates in system testing and settlement's applications.
Updates the Department's Process and Procedures regularly.
Attends meetings for updates, new projects when required.
Instructs trades received from the Front Office
Tracks trades using the COGNOS Report to avoid missing trades and to ensure that all trades are booked in the ADP system.
Pre-matched trades on SD-1 with counter parties, advice Middle Office of any unmatched trades, discrepancies to ensure that trades settle on settlement dates.
Funds depot to ensure sufficient funds for buy trades/one sided trades to avoid fails due to insufficient funds.
Settles trades on settlement date and on timely basis.
Process journal entries for the settled trades.
Balance accounting entries to ensure that correct journal entries are processed and to avoid firm breaks.
Check availability of shares in the client's account
Advise clients when shares are not sufficient in their account
Advise clients for failing trades.
Process payments for settled trades.
Instruct free deliveries of securities to other brokers as per instructions received from clients.
Book free received securities from various brokers to the client's account.
Prepare and send Monthly Client's Statement Holdings.
Process GIC (Guaranteed Investment Certificate) application from the Branch
Perform other related work as assigned by the Supervisor
Saint Paul College of Tuguegarao - Philippines,
Saint Paul College of Tuguegarao - Philippines,
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Resume Overview
School Attended
- Saint Paul College of Tuguegarao
- Saint Paul College of Tuguegarao
Job Titles Held:
- Settlement Specialist
- Senior Settlement Officer
- Settlement Officer
- GIC Processor
Degrees
- MBA
- Bachelor of Science
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