Fixed Income DTC Settlement Analyst

Work Location

New York, New York, United States of America

40

TD Securities

$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  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.

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.

• 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 counter parties, custodians, and internal trading desks
• Partner with funding/treasury teams to ensure sufficient liquidity

• 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

• Act as key liaison between:
  • Fixed Income Trading Desks
  • Middle Office / Confirmations
  • Funding & Treasury teams
  • External counter parties and custodians
• Provide clear, timely updates on settlement risks and issues

• Ensure compliance with SEC, FINRA, and internal policies
• Support audits, inquiries, and control reviews

• 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

• 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

• DTC platforms (
  Settlement Web, PTS/PBS )
• Settlement systems (e.g., Broadridge)
• Stock Loan system (Loanet)

• 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

• 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

• Bachelor’s degree in finance, Business, or related field
• Experience at a broker-dealer or primary dealer environment

Provides backup for the Canadian Fixed Income Desk. This individual will handle corporate actions, daily cash reconciliation, tracking file uploads into FIST, and be a DTC clearance specialist. Responsibilities include the clearance of London trading activity passing through US broker/dealers. Activities include advising agent of ticket control numbers for confirmations and by performing required system maintenance. In addition, the position will maintain compliance files and verify new clients are set up on FIST, acknowledging that settlement and other client instructions are complete.

• Acts as a specialist owner or representative in the discipline
• Leads /…