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- Tasks: Lead the transformation of cash and securities settlements using SWIFT and automation.
- Company: Join CMC Markets, a dynamic leader in financial services and trading.
- Benefits: Enjoy flexible working options and a supportive team culture.
- Why this job: Be at the forefront of innovation in finance, making a real impact on processes.
- Qualifications: 5+ years in Securities Settlements and 3+ years with SWIFT messaging required.
- Other info: We celebrate diversity and encourage applications from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
We are looking to hire a Securities Settlement Transformation Manager to join the team here at CMC Markets. This is an exciting opportunity to manage and oversee the development of CMC’s cash and securities settlements processes, with focus on using SWIFT and internal applications to drive automation and control.
Key responsibilities
- Provide SME support to CMC’s Payments/Banking and Settlements/Custody functions, to drive implementation of settlements best practice.
- Lead the implementation of automated and scalable settlements processes for all new product/business lines, utilising SWIFT as appropriate.
- Transform the Group’s interaction with banks, brokers and custodians, transitioning from file-based settlements to settlement via SWIFT messaging.
- Drive improvement to the account funding process for the Group’s high net worth/institutional client base, ensuring automation wherever possible.
- Manage and develop the Group’s Banking Administration team, responsible for all account opening, closing, static data, access etc.
- Work closely with the first line Payments, Settlements and Reconciliations teams to ensure a highly automated and frictionless journey from execution date to settlement date, through to reconciliation.
- Drive improvement to settlements control and oversight, ensuring appropriate exception/failure management process and oversight.
- Analyse and escalate settlement issues and root cause to reduce recurring breaks and improve straight through processing rates.
- Participate in process improvement initiatives and technology upgrades, such as migration to ISO 20022 and adoption of T+1 settlement.
- Provide SME support to related internal and external audit programmes, including SWIFT Customer Security Programme audit.
- Ensure adherence to industry best practice and all regulatory and counterparty requirements.
Skills/Experience
- Minimum 5 years’ experience in Securities Settlements across international markets.
- Minimum 3 years’ experience in SWIFT messaging for cash and securities, including detailed knowledge of SWIFT messaging technical standards.
- Ability to support and engage with senior management and front office staff.
- Excellent numerical, analytical and investigative skills with exceptional attention to detail.
- Excellent written and verbal communication skills for dealing with internal stakeholders.
- Ability to work independently and in a team environment.
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
Securities Settlement Transformation Manager employer: CMC Markets
Contact Detail:
CMC Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Securities Settlement Transformation Manager
✨Tip Number 1
Familiarise yourself with SWIFT messaging standards and the latest trends in securities settlements. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the securities settlement field, especially those who have experience with CMC Markets or similar companies. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've driven automation and process improvements in previous roles. Highlight your achievements in transforming settlement processes, as this aligns closely with the responsibilities of the position.
✨Tip Number 4
Research CMC Markets' recent initiatives and projects related to securities settlements. Being knowledgeable about their current strategies will demonstrate your genuine interest in the company and the role during your discussions.
We think you need these skills to ace Securities Settlement Transformation Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in securities settlements and SWIFT messaging. Use specific examples that demonstrate your expertise and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to CMC Markets. Emphasise your experience with automated settlements processes and your ability to drive improvements in banking administration.
Showcase Your Skills: In your application, highlight your analytical skills and attention to detail. Provide examples of how you've successfully managed settlement issues or improved processes in previous roles.
Research CMC Markets: Familiarise yourself with CMC Markets' operations and values. Understanding their approach to securities settlements will help you align your application with their expectations and demonstrate your genuine interest in the role.
How to prepare for a job interview at CMC Markets
✨Showcase Your SWIFT Knowledge
Since the role heavily involves SWIFT messaging, be prepared to discuss your experience with it in detail. Highlight specific projects where you implemented SWIFT solutions and how they improved processes.
✨Demonstrate Analytical Skills
The job requires excellent analytical abilities. Prepare examples of how you've used these skills to solve complex problems in securities settlements, particularly focusing on root cause analysis and process improvements.
✨Engage with Stakeholders
You'll need to interact with senior management and various teams. Practice articulating your ideas clearly and confidently, and think of instances where you've successfully collaborated with different stakeholders.
✨Prepare for Regulatory Discussions
Understanding regulatory requirements is crucial. Familiarise yourself with relevant regulations and be ready to discuss how you've ensured compliance in past roles, especially regarding settlements and audit programmes.
