At a Glance
- Tasks: Join a dynamic team managing custody operations and ensuring regulatory compliance in cross-border capital markets.
- Company: Well-established international wholesale banking platform in The City of London.
- Benefits: Competitive salary of £55k, daily paid lunch, and attractive benefits scheme.
- Other info: Office-based role with opportunities for professional growth and development.
- Why this job: Be part of a growing custody business and gain exposure to international markets and treasury activities.
- Qualifications: Degree educated with 3 years' experience in UK financial services and proven custody operations skills.
The predicted salary is between 55000 - 55000 £ per year.
This is a newly created role supporting the launch and growth of a custody business focused on cross-border capital markets activity, combining responsibility for CASS-regulated client asset reconciliations with treasury operations across FX and interest rate products.
The position plays a key role in ensuring regulatory compliance, operational control and accurate transaction processing within a regulated wholesale banking environment.
Client Details
An organisation within the financial services and banking industry, located in The City of London:
This is an opportunity to join a well-established international wholesale banking platform that is investing in the growth of its cross-border capital markets and custody offering.
As the business continues to expand its presence in securities services, it provides exposure to international markets, regulatory change and a broad range of treasury and custody activities within a highly regulated environment.
- Description
- Perform daily and monthly CASS reconciliations across client custody assets, ensuring compliance with regulatory requirements and internal controls.
- Reconcile securities positions against external custodians, depositories and internal records, investigating and resolving any reconciliation breaks.
- Maintain accurate records, reconciliation evidence and supporting documentation in line with CASS and audit requirements.
- Support the ongoing management and development of a growing custody platform focused on cross-border capital markets activity.
- Process and monitor corporate actions, including coupon payments, redemptions and other lifecycle events across custody assets.
- Provide operational support for FX transactions, including confirmations, settlements, payment processing and account reconciliations.
- Support the lifecycle management of treasury products including FX Spot, FX Forward, FX Swaps, repos and interest rate derivatives.
- Ensure timely and accurate trade confirmation, settlement and regulatory reporting activities across treasury operations.
- Liaise with front office, finance, compliance, external custodians, counterparties and operations teams to resolve queries and support transaction processing.
- Maintain a robust control environment through maker/checker processes, operational risk monitoring, issue escalation and support for internal and external audits.
- Assist with regulatory reporting requirements, including CASS-related reporting and treasury transaction reporting obligations.
- Contribute to process improvements, operational efficiency initiatives and regulatory change projects within both the custody and treasury functions.
- Profile
- Degree educated with a minimum of 3 years' experience within UK financial services.
- Proven custody operations experience is essential, including securities settlement, corporate actions, position reconciliations and working with custodians or sub-custodians.
- Able and willing to work in the office 5 days per week (non-hybrid).
- Experience performing CASS reconciliations within an FCA-regulated environment, with a sound understanding of client asset rules and controls.
- Experience supporting operations across FX and/or interest rate products, including trade confirmation, settlement and account reconciliations.
- Good understanding of financial instruments including bonds, foreign exchange products and derivatives.
- Knowledge of SWIFT messaging and experience using custody, treasury or banking operations systems.
- Strong analytical and problem-solving skills, with the ability to investigate and resolve reconciliation breaks and operational issues.
- Excellent attention to detail, organisational skills and the ability to operate within a well-controlled regulatory environment.
- Experience of regulatory reporting, UK EMIR, Mi FID II/Mi FIR, CASS governance or Resolution Pack activities would be advantageous.
- Exposure to cross-border custody, international securities markets would be beneficial.
- Professional qualifications such as IOC, CISI, CASS, FRM or similar would be viewed favourably.
- Job Offer
- Custody Operations Officer
- Salary £55k
- 5 days in the office, lunch paid for and provided daily.
- Attractive benfits scheme.
- #J-18808-Ljbffr
Custody Operations Officer in London employer: Michael Page
ASDA is an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in the heart of Leeds. With a strong commitment to employee growth, ASDA provides numerous opportunities for professional development and advancement, alongside competitive salaries and comprehensive benefits. The hybrid working model allows for flexibility, making it an attractive workplace for those seeking meaningful and rewarding careers in one of the UK's leading retail brands.
StudySmarter Expert Advice🤫
We think this is how you could land Custody 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.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Michael Page. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Custody 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 Michael Page.
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 Michael Page'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 Michael Page
✨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 Michael Page.
✨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 Michael Page 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 Michael Page 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.
