Team Lead – Fixed Income Settlements

Job Description:

Preferred Qualifications:

Company Overview

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients globally. The firm operates across major financial centers including Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore, and Tokyo.

Department Overview

Global Operations and Business Services provides the critical infrastructure supporting TD Securities’ trading, investment, and corporate banking activities. The organization partners closely with front office, risk, and technology teams to ensure efficient execution across the trade lifecycle while maintaining a strong operational risk and control environment.

The Fixed Income Operations team supports settlement processing, risk mitigation, and operational control functions across a broad range of fixed income products. The team plays a key role in supporting the growth of the capital markets business by delivering operational excellence and ensuring accurate and timely trade settlement.

Role Overview

The Manager – Fixed Income Settlements is responsible for leading a team supporting the settlement of fixed income securities across multiple products and legal entities. This role provides leadership and oversight of daily settlement operations while ensuring a strong risk and control framework is maintained.

The successful candidate will lead and manage a team of 5–10 settlement professionals, providing oversight of daily operational workflows, risk management, and operational performance. This individual will partner closely with front office trading desks, technology teams, and other operational groups to ensure operational efficiency, strong client service, and effective exception management across the trade lifecycle.

This role provides an opportunity to influence operational strategy supporting a large and growing Fixed Income franchise. The successful candidate will play a key role in strengthening front-to-back operational alignment, enhancing settlement efficiency, and ensuring a strong risk and control framework across the trade lifecycle.

Key Responsibilities

Team Leadership & People Management

• Lead, coach, and develop a team of settlement professionals responsible for fixed income settlement processing.
• Provide day-to-day leadership and operational oversight to ensure workflows are completed accurately and within established service levels.
• Manage team performance, including goal setting, feedback, and professional development.
• Foster a culture of accountability, collaboration, and continuous improvement.

Operational Oversight

• Oversee daily settlement activity across multiple fixed income products, including FED settlement processing.
• Ensure accurate processing from trade date through settlement, including trade matching, exception management, fail resolution, and buy-in management.
• Monitor operational metrics and service levels to ensure timely and accurate processing.
• Escalate and resolve operational issues that may impact settlement activity or client service.

Risk & Control Management

• Own the end-to-end settlement control environment, including oversight of trade lifecycle risks, exception management, and operational governance.
• Ensure adherence to internal risk management policies, regulatory requirements, and operational control frameworks.
• Identify operational risks and implement appropriate mitigation strategies.
• Support internal audit reviews, regulatory inquiries, and compliance initiatives.

Stakeholder Engagement

• Act as a key operational partner to front office trading desks, technology teams, and internal stakeholders.
• Build strong relationships across Global Operations teams including reference data, onboarding, payments, and change delivery groups.
• Provide operational insights and guidance to support business initiatives and operational improvements.

Process Improvement & Strategic Initiatives

• Identify opportunities to improve operational efficiency, scalability, and automation within settlement processes.
• Support system enhancements, new product initiatives, and operational transformation efforts.
• Partner closely with trading desks, risk, and technology teams to support platform growth and operational scalability.

Qualifications

Experience

• 7–10 years of experience in Capital Markets Operations, preferably within Fixed Income Settlements.
• Demonstrated people leadership or team supervisory experience.
• Strong understanding of the fixed income trade lifecycle and settlement processes.

Technical Knowledge

• Experience with Impact/Broadridge settlement platform.
• Exposure to Broadridge, BONY and RTTM systems preferred.
• Strong proficiency in Microsoft Excel, including pivots and data analysis tools.

Skills & Competencies

• Strong leadership and people management skills.
• Excellent analytical and problem-solving abilities.
• Ability to operate effectively in a fast-paced, deadline-driven environment.
• Strong communication and stakeholder management skills.
• Ability to manage multiple priorities and competing deadlines.
• Strong risk and control mindset, with focus on operational integrity and process discipline.

Professional Attributes

• Strong escalation awareness and judgment.
• Front-to-back ownership mentality across the trade lifecycle.
• High level of accountability and integrity.
• Collaborative approach with the ability to influence across teams.

Preferred Experience

• Experience supporting high-volume capital markets trading environments.
• Exposure to process improvement initiatives, automation, or operational transformation projects.
• Familiarity with regulatory and operational control frameworks within financial services.

Why Join Our Team

The Fixed Income Settlements team plays a critical role in supporting the growth of TD Securities’ capital markets franchise by ensuring efficient trade settlement, minimizing operational risk, and delivering strong client service.

This role offers the opportunity to lead a high-performing team while contributing to strategic initiatives that strengthen operational capabilities and support the continued growth of the business.

Inclusiveness

At TD, we are committed to fostering an inclusive and accessible environment where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of the communities we serve and creating an environment where every employee has the opportunity to reach their potential.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.