Trade and Settlement Assistant Manager in City of London

City of London Full-Time 55000 - 65000 £ / year (est.) No working from home possible

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At a Glance

Tasks: Manage pre- and post-trade processing, settlements, and trade reconciliation for Equities and MTN.
Company: A Japanese financial institution based in London, focusing on trade operations.
Benefits: Hybrid work model with a strong possibility of permanent placement after a 6-month contract.
Other info: Morning shift work required on a rotation, starting from 6am or 7am.
Why this job: Excellent opportunity for experienced settlement professionals to step into management.
Qualifications: Minimum 5 years' experience in middle/back office within securities or asset management.

The predicted salary is between 55000 - 65000 £ per year.

A Japanese financial institution is currently recruiting a Trade and Settlement Assistant Manager in London. In this role, you will be responsible for pre-trade and post-trade processing, settlements, trade reconciliation, and liaison with custodians, counterparties, and prime brokers, as well as supporting audits, regulatory filings, and operational projects. This is an excellent opportunity for an experienced settlement professional who is ready to step up into the management role.

The ideal candidate should have a minimum of 5 years' experience in middle/back office within a securities broker or asset management environment.

Work Type: hybrid
Type: 6-month contract – strong possibility to be permanent depending on performance
Working Hours: Morning shift work is required on a rotation (Summer time from 7am, Winter time from 6am). Can work from home and come to the office later on for the morning shift days.
Salary: 55K+ – other salary range could be negotiable
Start: ASAP
Location: London city
Main Responsibilities:

Manage both pre- and post-trade processing for Equities and MTN.
Work closely with custodians to resolve and escalate settlement-related queries.
Liaise with counterparties and prime brokers regarding unconfirmed or unsettled trades, escalating issues where necessary to ensure timely settlement.
Complete daily reconciliations and end-of-day (EOD) checklist.
Cross-train and support team members.
Escalate urgent issues to the Group Head of Trade Operations.
Build and maintain strong working relationships with Front Office, Risk, Compliance, Accounting and overseas offices.
Assist with audits, regulatory filings, and operational due diligence processes.
Manage the account opening process for securities with clients and their prime brokers.
Maintain operational manuals to audit standard.
Provide cover for other team members during holidays or rotations.
Support ad hoc projects, e.g. System migrations/upgrades, SWIFT CSP attestation.

Ideal Candidate:

5+ years' experience in middle/back office within a securities broker or asset management environment.
Strong understanding of the trade life cycle, settlement processes and reconciliation (cash and positions).
Knowledge of market regulations and settlement procedures.
Exceptional attention to detail, reliability and ownership of deliverables.
Comfortable managing relationships with multiple counterparties.
Strong written and verbal communication skills.
Ability to work accurately under pressure.
Working knowledge of SWIFT, CTM and Alert.
Basic knowledge of Japanese (written, reading and spoken) would be beneficial.

All applicants for the Settlement must have the right to work in the country as the Company is not able to offer visa support.