At a Glance
- Tasks: Handle CASS reconciliations and support FX and fixed-income operations in a dynamic banking environment.
- Company: Join a leading PRA- and FCA-regulated wholesale bank with a collaborative team.
- Benefits: Competitive salary, professional development, and a chance to work with industry experts.
- Other info: Opportunity for career growth in a fast-paced, detail-oriented role.
- Why this job: Make an impact in financial services while honing your analytical and operational skills.
- Qualifications: Degree and 3+ years in UK financial services with strong reconciliation experience.
The predicted salary is between 45000 - 55000 £ per year.
We are seeking a
CASS Reconciliations & Custodian Operations Officer to join the Operations team of a PRA- and FCA-regulated wholesale bank.
This is a hands-on, dual-function role responsible for meeting the Bank's CASS 6 safe custody reconciliation obligations while supporting the operational processing of FX, interest-rate and fixed-income products.
The successful candidate will work closely with Treasury, Finance, Compliance, Technology, external custodians and counterparties.
The role is particularly suited to an operations professional with strong reconciliation experience, excellent attention to detail and a sound understanding of regulatory controls.
Key responsibilities
- Perform daily external and monthly internal reconciliations of safe custody assets in accordance with FCA CASS requirements.
- Reconcile custody-system positions and securities records against CSD, sub-custodian and accounting balances.
- Investigate, document and resolve reconciliation breaks, escalating significant issues and potential client-asset shortfalls promptly.
- Maintain complete reconciliation evidence, account records, break logs and supporting documentation for the CASS Resolution Pack.
- Prepare daily CASS reconciliation certificates in accordance with maker/checker controls.
- Support the settlement and reconciliation of cross-border UK-China OTC bond transactions.
- Process corporate actions, including coupon payments, redemptions, amortisations, calls, puts and exchange offers.
- Support FX spot, forwards, swaps and NDFs throughout the confirmation, settlement and reconciliation lifecycle.
- Manage unmatched or unconfirmed trades and prepare relevant SWIFT payment and settlement instructions.
- Perform nostro reconciliations for treasury accounts.
- Support the lifecycle management of interest-rate and fixed-income products, including cross-currency swaps and bond repos.
- Assist with applicable UK EMIR and Mi FID II/Mi FIR reporting requirements.
- Support CMAR preparation, internal and external audits, regulatory reviews and operational-risk investigations.
- Maintain effective four-eyes controls and accurate, audit-ready operational records.
- Identify opportunities to strengthen controls, automate reconciliations and improve operational processes.
Requirements
- A degree and a minimum of three years' experience within UK financial services.
- Three to five years' experience in CASS reconciliations, custody operations, treasury operations or a related field.
- Practical knowledge of CASS 6 and/or CASS 7 internal and external reconciliation requirements.
- Experience in securities settlement, position reconciliation and corporate-action processing within a custody or sub-custody environment.
- Experience supporting FX products such as spot, forwards and swaps, and/or interest-rate products such as IRS and cross-currency swaps.
- Knowledge of trade confirmation, settlement processing, SWIFT messaging and nostro reconciliation.
- Awareness of the SM&CR Certification Regime, UK EMIR and Mi FID II/Mi FIR.
- Strong numerical accuracy, analytical skills and reconciliation-break investigation experience.
- Advanced Excel skills, including lookup formulas, pivot tables and reconciliation techniques.
- The ability to work effectively with colleagues across Operations, Treasury, Finance, Compliance and Technology.
- CASS Resolution Pack preparation or CMAR submissions.
- Cross-border RMB markets and offshore CNH settlement.
- Bond Connect, CIBM Direct, CCDC or SHCH settlement.
- Professional qualifications such as the CISI Investment Operations Certificate, CASS Practitioner Certificate, FRM or an ICMA qualification.
- What we are looking for
You will be a detail-focused and analytical operations professional with a strong controls mindset.
You should be comfortable managing time-sensitive processes, investigating complex reconciliation differences and communicating operational or regulatory matters clearly to both technical and non-technical stakeholders.
- This role falls within the
- FCA Certification Regime
, and the successful candidate will be subject to the Bank's applicable fitness and propriety assessment.
Custodian Operations Officer in London employer: Harvey Nash Group
As a leading international banking institution located in the vibrant city of London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our Treasury Management Analyst role offers not only competitive benefits and opportunities for professional growth but also the chance to engage with a diverse team of experts in a fast-paced environment. Join us to contribute to impactful projects while enjoying the unique advantages of working in one of the world's financial capitals.
StudySmarter Expert Advice🤫
We think this is how you could land Custodian Operations Officer in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Custodian Operations Officer in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Harvey Nash Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Harvey Nash Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Harvey Nash Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Harvey Nash Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Harvey Nash Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Harvey Nash Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
