FIC Securities Settlements Senior Analyst

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records. Operations are also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally.

The primary purpose of this role is within the Settlements function as part of the FIC Settlements team. The FIC Settlements team is part of FIC & Banking Operations and is responsible for managing the day-to-day activities related to Settlements & providing Transactional Support Services across products. The team is made up of two functions:

• FIC Securities Settlements
• Security processing (confirmations & settlements)
• Custody Exception & Fails management
• Issuance
• FIC Cash Settlements
• FX processing (confirmations & settlements)
• Money Market and OTC derivative (un-cleared) settlements
• Loans processing
• Exception & Fails management
• Confirmations

There is on occasion a requirement for New York hours on-call coverage which is performed by the London-based FIC Settlements team.

What you’ll be doing:

• Review and action all intraday exception queues.
• Prioritize exceptions by the currency/market deadline and value date.
• Liaise with counterparties for any un-confirmed/un-affirmed trade instructions; elevate to the Business as required.
• Perform a safe settlement process for specific counterparties if requested by business and approved by Operations senior management and the Credit Department.
• Ensure that all new or amended client standard settlement instructions (“SSIs”) have been validated in line with the Operations Control Framework before instructions are released.
• Perform a daily reconciliation of all outstanding cash exceptions and provide full narration detailing the reason for the exception.
• Follow up with counterparties for any failed trades.
• Build and maintain relationships with key stakeholders including the Business and the Risk, HR, IT, Compliance, Legal and Internal Audit departments.
• Provide the highest level of client service when dealing with both internal and external clients of the bank.
• Report all risk incidents and/or client dissatisfaction to Operations Control within 48 hours of identification.
• Where necessary assist Operations Control with the investigation of these incidents.
• Challenge current processes and procedures to ensure they are fully optimized by proactively reviewing processes within the team for streamlining and enhancements.
• Take part in and provide cross training across the team to ensure full coverage.
• Ensure that procedures relevant to the role are kept up-to-date and recorded in the relevant share drive.
• Adhere to the Operations Control Operating Model.
• Provide daily MI reporting as agreed with senior management and Operations Control.
• As required, participate in end user project work through ongoing tactical and strategic change initiatives.

What you’ll need to be successful:

• Good settlement knowledge across Securities, FX, Money markets & OTC derivatives.
• Understanding of FCA rules and regulations or equivalent.
• Understanding of risk and control.
• Knowledge of emerging markets.

What’s in it for you?

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working – the option to work remotely up to two days per week, depending on the role.
• Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay.
• Coaching for family leave returners and access to emergency care via My Family Care.
• Paid fertility and miscarriage leave.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
• Community – paid volunteering leave and Give As You Earn scheme.
• Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development – a suite of opportunities to build the skills you need to excel in your role.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.