Consulting Manager, Trade Settlement

About Cognizant Consulting

Cognizant Consulting is more than Cognizant’s consulting practice—we’re a global community of 5,000+ experts dedicated to helping clients reimagine their business. Blending our deep industry and technology advisory capability, we create innovative business solutions for Fortune 500 clients. And now, we’re looking for our next colleague who’ll join us in shaping the future of business. Could it be you?

As a Consulting Manager – Trade Settlement & Custody
, you will make an impact by supporting strategic transformation initiatives across Trade Settlement, Custodian Services, and SWIFT modernization programs. You will be a valued member of the Capital Markets team and work collaboratively with business, operations, and technology stakeholders to drive requirements, solution design, and delivery across global transformation initiatives.

In this role, you will:

• Analyze and document the end-to-end trade lifecycle, including execution, confirmation, clearing, and settlement processes

• Manage workflows involving custodians, clearing houses, brokers, and counter parties while supporting post-trade operations

• Monitor and analyze settlement cycles (T+1/T+2), identify trade breaks, reconciliation issues, and settlement failures, and support resolution efforts

• Drive initiatives related to SWIFT MT/MX messaging modernization and ISO 20022 migration programs

• Gather and document business requirements, develop BRDs, FRDs, user stories, process flows, and data mapping artifacts, while facilitating workshops across business, operations, and technology teams

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a hybrid position requiring time in a client or Cognizant office in Toronto, Ontario
. Regardless of your working arrangement, we are here to support a healthy work-life balance through our various wellbeing programs.

The working arrangements for this role are accurate as of the date of posting. This may change based on the project you’re engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

• 8–14 years of experience as a Business Analyst within Capital Markets, Trade Settlement, Custody Services, or Post-Trade Operations

• Strong understanding of the end-to-end trade lifecycle, including execution, confirmation, clearing, settlement, and reconciliation processes

• Experience working with custodians, clearing houses, brokers, counter parties, and post-trade operational workflows

• Experience supporting SWIFT MT/MX messaging initiatives and ISO 20022 transformation programs

• Strong business analysis skills including requirements gathering, stakeholder management, workshop facilitation, and documentation

• Experience creating BRDs, FRDs, user stories, process flow diagrams (As-Is/To-Be), and data mapping documents

• Experience leading or supporting large-scale transformation initiatives such as T+1 migration, automation, or regulatory change programs

• Excellent communication skills with the ability to bridge business, operations, and technology teams

• Experience with Broadridge post-trade platforms including GLOSS, INTACT, or BPSA

• Experience identifying opportunities for AI-driven automation within trade processing, reconciliation, and operational workflows

• Knowledge of trade break management, exception processing, and settlement optimization

• Experience working on strategic transformation programs within Capital Markets organizations

• Strong analytical and problem-solving skills with the ability to translate complex business requirements into effective solutions

• Experience facilitating cross-functional workshops and driving alignment across multiple stakeholder groups

We're excited to meet people who share our mission and can make an impact in a variety of ways. Don't hesitate to apply, even if you only meet the minimum requirements listed. Think about your transferable experiences and unique skills that make you stand out as someone who can bring new and exciting things to this role.

We regularly assess market data to ensure we offer a competitive compensation package for our associates. The base salary for this position ranges between $100,000 - $126,000 per year. Where the successful candidate may fall within the range depends on relevant education, work and/or management experience and other business-related and job-necessary qualifications. This position is also eligible for Cognizant’s discretionary annual performance-based bonus, as well as benefits that support your physical, mental and financial wellbeing.