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- Tasks: Join our Settlements Operations team to ensure timely trade settlements and confirmations.
- Company: Be part of a growing International Bank with a dynamic Operations Department.
- Benefits: Enjoy hybrid work options and a supportive team culture.
- Why this job: Gain valuable experience in finance while contributing to essential Treasury functions.
- Qualifications: Strong Swift experience and a solid understanding of Treasury Operations are essential.
- Other info: Opportunity for cross-training and professional development within the department.
The predicted salary is between 48000 - 72000 £ per year.
Excellent opportunity opens for a Senior Settlements Analyst to join a growing International Banks’ Operations Department in a crucial role. Working in the Settlements Operations team, you will be responsible for providing operational support to the Treasury functions while providing a high level of customer service. The successful candidate will have experience on the Settlement process - validating trades, settling trades and confirmations eg. bonds, this would involve sending Clearstream (or another custodian such as Euroclear), the bank's MT5XX SWIFT messages and monitoring the trades to match status.
Job Responsibilities:
- Ensure timely settlement and confirmation of all new and maturing trades for all products.
- Processing of manual Swift messages required for the settlement of trade or cash funding.
- Monitoring and management of SWIFT, TLM, CLS and Murex queues for any exceptions.
- To ensure the accurate monitoring, management and reporting of currency Nostro positions to relevant stakeholders.
- Ensure all reports to management, Ops Risk and head office are completed on time.
- Ensure daily department checklists have been completed.
- Investigation and reconciliation of cash entries, outstanding trade confirmations and late trade settlements including any non-receipt of funds.
- Reconcile and pay monthly brokerage.
- Process relevant trade GL entries into the Midas Plus accounting system.
- Assist with cross-training of staff in line with departments training initiatives.
- Ensure Treasury / Settlement Operations Procedure Manuals are reviewed and updated whenever necessary.
- Ensure that systems and processes within Treasury / Settlement Operations are adhered to at all times.
Qualifications/Other Requirements:
- Strong experience using Swift for trade confirmations particularly BOND & FX trade.
- Experience with various SWIFT message types, including the MT2XX series (Bank Payments), is expected.
- Knowledge of Treasury Operations and Investigations, a general understanding of Trade & Loan Operations and Payment Operations.
- Ability to maintain a high level of accuracy in a deadline driven environment.
- Strong academic background, with first-class inter-personal and communication skills and excellent PC literacy.
Settlements Analyst - FX, Money Market, Securities, Derivatives | London, UK | Hybrid employer: Rothstein Recruitment
Contact Detail:
Rothstein Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlements Analyst - FX, Money Market, Securities, Derivatives | London, UK | Hybrid
✨Tip Number 1
Familiarise yourself with the specific SWIFT message types mentioned in the job description, especially the MT5XX and MT2XX series. Understanding these will not only help you during interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the settlements and treasury operations field. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your knowledge of trade validation and settlement processes, particularly for bonds and FX trades. Being able to discuss these topics confidently will set you apart from other candidates during the interview process.
✨Tip Number 4
Prepare to showcase your problem-solving skills, especially in relation to investigating and reconciling cash entries and outstanding trade confirmations. Have examples ready that highlight your ability to handle exceptions and maintain accuracy under pressure.
We think you need these skills to ace Settlements Analyst - FX, Money Market, Securities, Derivatives | London, UK | Hybrid
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in settlements, particularly with FX, Money Market, and Derivatives. Emphasise your familiarity with SWIFT messages and any specific systems mentioned in the job description.
Craft a Compelling Cover Letter: In your cover letter, explain why you are a great fit for the Settlements Analyst role. Mention your experience with trade confirmations and your ability to work under pressure while maintaining accuracy.
Highlight Relevant Skills: Clearly outline your skills related to Treasury Operations, investigations, and your understanding of trade and loan operations. Use specific examples to demonstrate your expertise in these areas.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Rothstein Recruitment
✨Know Your Settlements Process
Make sure you have a solid understanding of the settlement process, especially regarding FX, Money Market, and Securities. Be prepared to discuss your experience with validating and settling trades, as well as your familiarity with SWIFT messages like MT5XX.
✨Demonstrate Attention to Detail
Given the importance of accuracy in this role, be ready to showcase examples from your past work where your attention to detail made a difference. Highlight any experiences where you successfully managed exceptions or reconciled discrepancies.
✨Familiarise Yourself with Relevant Systems
Research the systems mentioned in the job description, such as TLM, CLS, Murex, and Midas Plus. Being able to speak knowledgeably about these tools will show that you're proactive and ready to hit the ground running.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in high-pressure situations. Think of specific instances where you had to investigate cash entries or manage late trade settlements, and be ready to explain your thought process.
