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- Tasks: Support Fixed Income Settlements and ensure smooth trade processes across global markets.
- Company: Join a leading global financial institution with a dynamic operations team.
- Benefits: Competitive salary, career development opportunities, and a collaborative work environment.
- Why this job: Make an impact in the finance world while working with top-tier professionals.
- Qualifications: 1-3 years in Fixed Income Settlements and strong problem-solving skills required.
- Other info: Great opportunity for growth in a fast-paced, supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
About us: Market Operations is a Global team of 400+ Operations Professionals who support our Global Markets, Commodities, Structured Trade & Treasury businesses globally. Functions performed are trade confirmation / affirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions (the front to back trade lifecycle) across FX, Fixed Income, Rates, Commodities, Carbon, Structured Trade, Derivatives and Loans. Market Operations also provides Middle and Back Office services including Collateral Management, Regulatory Reporting, Client Reference Data maintenance, Client Onboarding, KYC Refresh, Account Origination, Client Case Management, Estate Management, International Loan Administration & Operations, Trade Support, Confirmation services and Settlements / Payments.
Picture yourself in the team: The Fixed Income Settlements support the Commonwealth Bank’s UK, European and US portfolio of Global Markets. The core responsibilities include:
- Settlement Pre-Matching
- Settlement dispute and resolution
- Communication with Buy Side / Sell Side Firms, Global Custodians, ICSD’s and CCP’s to ensure trades are matched to settlement finality
- Fails Management
- Reconciliations Resolution (Cash / Bonds)
Do work that matters: You will support all aspects of UK/Europe and US Bond related duties including:
- Trade validation of Fixed Income Products supporting the Cash / Repo Desks
- Perform pre-matching of fixed income securities trades across Clearstream, Euroclear, CCP and Domestic Agents
- Liaise with Brokers, Custodians, Clients, International Central Securities Depositories and CCP’s to resolve unmatched or failed trades
- Monitor and Manage trade fails, escalating issues as needed
- Close interactions with Cash / Repo Desks for Trade Resolution
- Close interaction with Pre-Trade and Trade Support teams to ensure STP is maximized for SSI Enrichment and Trade Allocations identifying opportunities for process improvement
- Cash and Stock Reconciliation Breaks Resolution to ensure that cash balances and securities positions are accurate and reconciled daily
- Identifying the root causes of unmatched trades, such as incorrect trade details or counterparty mismatches
We are interested in hearing from you if you have:
- Minimum 1-3 years in Fixed Income Securities Settlements, ideally with experience of the Cash / Repo product
- Knowledge of Murex (system) is strongly preferred
- Understanding of Clearstream / Euroclear Processing and their internal systems
- Knowledge of European Domestic and CCP Markets is advantageous
- Bachelor’s degree in business administration or related discipline
- Client service focused/oriented, commercially minded and very well organized
- Identify operational discrepancies and escalate according to procedure
- Aware of the importance of risk and control in an operations environment
- High attention to detail, and good problem-solving skills
- A team player always willing to collaborate and step in when called upon combined with the ability to work independently
In order to be considered you must have the right to work in UK, also please indicate your salary expectations and notice period on the application form.
Associate, Fixed Income Settlements in City of London employer: Commonwealth Bank
Contact Detail:
Commonwealth Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate, Fixed Income Settlements in City of London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working in Fixed Income Settlements. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Murex and the European Domestic and CCP Markets. We want to see you shine, so show us you know your stuff and can talk confidently about the role!
✨Tip Number 3
Practice your problem-solving skills! Think of scenarios where you had to resolve discrepancies or manage trade fails. We love seeing candidates who can think on their feet and tackle challenges head-on.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re here to support you every step of the way in landing that dream job with us.
We think you need these skills to ace Associate, Fixed Income Settlements in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate, Fixed Income Settlements role. Highlight your experience in Fixed Income Securities Settlements and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. We love seeing enthusiasm and a clear understanding of what we do at StudySmarter.
Showcase Your Problem-Solving Skills: In your application, don’t forget to mention specific examples where you've identified operational discrepancies or resolved issues. We value problem solvers who can think on their feet and contribute to our team's success.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets to the right people!
How to prepare for a job interview at Commonwealth Bank
✨Know Your Fixed Income Stuff
Make sure you brush up on your knowledge of fixed income securities and the cash/repo products. Familiarise yourself with terms like trade validation, pre-matching, and fails management. This will show that you're not just interested in the role but also understand the intricacies involved.
✨Get to Grips with the Systems
If you have experience with Murex or know how Clearstream and Euroclear work, make it known! Be ready to discuss how you've used these systems in past roles. If you're not familiar, do a bit of research beforehand so you can speak confidently about them.
✨Show Off Your Problem-Solving Skills
Be prepared to share examples of how you've identified and resolved operational discrepancies in previous jobs. Highlight your attention to detail and how you approach problem-solving, especially in high-pressure situations. This is key for a role that involves reconciliation and trade resolution.
✨Demonstrate Team Spirit
Since this role requires close collaboration with various teams, be ready to talk about your experiences working in a team environment. Share instances where you stepped in to help colleagues or contributed to process improvements. This will show that you're a team player who values collaboration.
