Senior Settlements Analyst

 Montreal, Canada       Permanent contract        Banking Operations


  • Management of settlement activity for Money Market, Interest Rate, Credit, FX and Equity Derivative trading activity, including reconciliation and break clearance
  • Ensure all aspects of OTC Derivative trade settlement affirmation are carried out in a timely and efficient manner
  • Ensure that the affirmation process is performed for unmatched deals, including the chasing of confirmations from counterparties as required via email and phone
  • Ensure that all relevant payment messages are authorized and released before the currency cut-off time
  • Ensure that all payment messages are generated successfully
  • Maintain and exchange static data and settlement instructions for Counterparts and Clients
  • Promptly identify, track and settle all outgoing and incoming payments 
  • Perform fail management and break resolution related to OTC Derivative cash settlements 
  • Analyze the source of the breaks and evaluate the related risks
  • Ensure the breaks get resolved and escalate to the hierarchy if necessary
  • Manage the whole process of manual reconciliation: justify the manual matching of deals and monitor the breaks and resolution
  • Provide top class customer service as it relates to client's requests, responding to client needs and queries in an efficient manner while participating in customer services initiatives
  • Manage and Investigate queries and activities across the different product groups by extracting data from various systems & liaising with Middle Office
  • Ensure that policies, procedures, best practices, mission and objectives set by management are adhered to on daily basis
  • Follow-up to ensure amendments are done
  • Identify root causes for the discrepancies and make suggestions to implement a permanent fix

Studies and projects:

  • Provide personal knowledge in order to help studies and local projects, in regards to process improvements and/or the implementation of new products and activities
  • Express the needs in order to improve tools
  • Participate to the elaboration of test plans and users tests (UAT)

Training of Settlement and Delivery Analysts and Officers:

  • Ensure the processes are correctly followed

Relationship with external clients and partners:

  • If necessary, participate in meetings with clients

Profile Required


  • Estimates the risks or opportunities of own actions and initiatives
  • Seeks to involve the appropriate people or resources to answer demands outside own scope
  • Involves the appropriate teams or departments to handle client demands
  • Consolidates and organizes communication of key knowledge in own field
  • Actively drives changes, defining the concrete steps to implement them
  • Understands and can explain why changes are being implemented
  • Steps forward to provide extra support to team leader and colleagues when necessary

Why Join Us

Experience Needed:

  • 7+ years of experience supporting settlement functions related to OTC Derivatives
  • Comprehensive knowledge of operational risk principles and procedures
  • Ability to transform large amounts of data and information into short and concise communication with sound business conclusions and recommendations
  • Strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences
  • Builds productive relationships with other internal and external parties

Educational Requirements:

Bachelor's Degree

Business Insight

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities and the world in which we live, because relationships are at the heart of how we operate.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000X82
Business unit:
Starting date: 27/01/2020
Date of publication: 22/01/2020
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Senior Settlements Analyst

Permanent contract   |   Montreal   |   Banking Operations