Settlement Analyst - DTCC Settlement Transformation

Toronto, ON
On-site
Posted Oct 4, 2026
1 position

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Employment type: Contract
Experience level: Senior · 5+ years
Posting language: English
Working hours: 40 hours per week
Seniority: Mid-Senior level
Application method: Apply on LinkedIn (LinkedIn sign-in required)

Job summary

Analyze current securities settlement processes and assess the operational impact of DTCC-driven changes across systems and teams. Define future-state workflows, requirements, controls, and test scenarios, and support testing, operational readiness, and cutover.

Job details

Contract Duration: 9 months to start - possibility of extension About the role A leading Canadian bank is launching a multi-year program to deliver DTCC-driven settlement changes across its North American capital markets business. As Settlements Analyst, you'll be the settlements subject-matter voice on the program, leading impact analysis on settlement processes and defining how operations will run once partial settlement and the new messaging standards go live. What you'll do Lead current-state analysis of securities settlement processes across Toronto, New York and Houston. Assess the operational impact of DTCC changes, including partial settlement and messaging format changes, across impacted systems and teams. Define future-state settlement workflows, exception handling and controls with Operations, Technology and business stakeholders. Write clear business requirements, process maps and user stories for each impacted area. Work with the Technical Analyst to connect operational requirements to system and message-level changes. Build test scenarios, support SIT and UAT, and validate settlement outcomes end to end. Prepare operational readiness materials, including updated procedures and cutover support. What you bring 7+ years in capital markets settlements, as a Business Analyst or in a settlements operations role on change programs. Strong knowledge of the securities trade lifecycle, especially clearing, matching and settlement. Hands-on experience with DTCC services and processes (e.g., DTC, NSCC, CTM or similar). Understanding of partial settlement, fails management and settlement exception handling. Experience with Broadridge settlement platforms, such as BPS. Proven ability to run workshops and manage stakeholders across Operations, Technology and the business. Clear, structured documentation and communication skills. Nice to have Experience on T+1, CSDR or other settlement regulatory programs. Exposure to both Canadian (CDS) and U.S. settlement markets. Familiarity with ISO 20022 settlement messaging.

What you’ll do

Requirements

Requires 7+ years of capital markets settlements experience in a Business Analyst or settlements operations role on change programs, with strong knowledge of the securities trade lifecycle and hands-on experience with DTCC services or similar processes. Candidates should understand partial settlement and exception handling, have experience with Broadridge settlement platforms, and be able to document requirements and manage cross-functional stakeholders.