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- Tasks: Support Securities Finance with settlements, exception management, and cash/stock reconciliation.
- Company: Join a leading financial services firm in Glasgow, driving innovation in securities lending.
- Benefits: Enjoy flexible working options, competitive salary, and opportunities for professional growth.
- Why this job: Be part of a dynamic team, enhance your finance skills, and make a real impact.
- Qualifications: Experience in Securities Lending operations and strong communication skills are essential.
- Other info: Work with global clients and collaborate across various departments to solve challenges.
The predicted salary is between 36000 - 60000 £ per year.
The Securities Lending Settlementsrole is to support the Security Finance business. This includes exception management, Cash and Stock Break resolution, depot realignments between domestic agent bank and Euroclear, Security Finance experience including settlements of Borrows and Loans, Triparty, different Collateral types and requirements, liaising with external agents and counterparts.Stock Loan Settlements are responsible for monitoring and escalating Agent breaks, performing post trade contract compare reconciliation through Equilend and Pirum
Department: Securities Lending Settlements
Key Responsibilities & Tasks:
- International Equity settlement coverage Stock Lending.
- Unmatched processing/Pre-matching prior to settlement date
- Same Day and Post Settlement date fails management
- Working with Middle Office to resolve booking issues and amendments.
- Cash and Stock reconciliation investigation and reporting to Control and Regulatory Reporting departments.
- Understanding and experience of Client Money rules and regulation.
- Experience of the Security Finance business in relation to collateral types and processes.
- Knowledge of International buy-in rules and deadlines including market penalties and CSDR.
- Good understanding of the T2S and the Platform.
- Settlement Exceptions processing via internal settlement systems.
- MIS Collation, looking at cancellation volumes and root causes.
- Liaise with Operational areas for such as SBL Middle Office, Ops Control, Corporate Actions, Static Data, Client Onboarding, Product Control to support business requirements.
- Identify and escalate operational risks & potential issues promptly and in accordance with the firm’s risk framework.
- Identifying areas for improvement and driving enhancements to operational processes and controls.
Qualifications/ Experience:
The candidate is required to have experience in the Securities Lending operational space. Understanding of the key functions for the front to back process will assist the individual to support the daily function. System knowledge to the associated product will bring value to the group such as Pirum, Equilend, Global One, Swift, Easyway, CREST and Gloss.Excellent communicator with strong interpersonal skills and able to develop good networks across regional and global stakeholders.
Working relationships:
The candidate will face internal and external clients on a global scale to support the process. There will be a requirement to work with our vendor services and agent banks to reach resolution on open issues. The role requires an internal network of colleagues in several different areas includingTreasury, Operations, Technology, Control and Finance.
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Securities Lending Settlements (Glasgow) employer: Jefferies
Contact Detail:
Jefferies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Securities Lending Settlements (Glasgow)
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as Pirum and Equilend. Having hands-on experience or even a basic understanding of these platforms can set you apart from other candidates.
✨Tip Number 2
Network with professionals already working in Securities Lending or related fields. Attend industry events or join online forums to connect with individuals who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Stay updated on current regulations and market trends related to Securities Lending. Understanding Client Money rules and International buy-in rules will demonstrate your commitment and knowledge during interviews.
✨Tip Number 4
Prepare to discuss your problem-solving skills, especially in relation to exception management and reconciliation processes. Be ready to share examples of how you've successfully resolved similar issues in past roles.
We think you need these skills to ace Securities Lending Settlements (Glasgow)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Securities Lending and Settlements. Focus on specific roles you've held that relate to exception management, cash and stock reconciliation, and your familiarity with systems like Equilend and Pirum.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the Securities Lending operational space and how your skills align with the responsibilities outlined in the job description.
Highlight Relevant Skills: Emphasise your communication and interpersonal skills, as well as your ability to work with various stakeholders. Provide examples of how you've successfully resolved issues or improved processes in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Jefferies
✨Know Your Securities Lending Basics
Make sure you brush up on your knowledge of securities lending, including the processes involved in settlements, collateral types, and the roles of different parties. Being able to discuss these topics confidently will show that you understand the core functions of the role.
✨Familiarise Yourself with Relevant Systems
Get acquainted with systems like Pirum, Equilend, and Global One. If you can demonstrate familiarity with these tools during the interview, it will highlight your readiness to hit the ground running and your ability to adapt quickly to their operational environment.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, especially regarding exception management and reconciliation. Prepare examples from your past experience where you successfully resolved issues or improved processes, as this will showcase your practical knowledge and initiative.
✨Highlight Your Communication Skills
Since the role involves liaising with various stakeholders, emphasise your interpersonal skills. Be ready to discuss how you've built relationships in previous roles and how you handle communication with both internal teams and external clients.
