Reconciliations & Settlements Analyst in Coventry

Reconciliations & Settlements Analyst in Coventry

Coventry Full-Time 36000 - 60000 £ / year (est.) On-site
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At a Glance

  • Tasks: Ensure FX transactions are confirmed, settled, and reconciled daily.
  • Company: Join Moneycorp, a global payments leader with 45 years of experience.
  • Benefits: Enjoy a competitive salary, bonus, 25 days holiday, and private health insurance.
  • Other info: Embrace a culture of inclusivity and grow your career in a supportive environment.
  • Why this job: Be part of a dynamic team making a real impact in international payments.
  • Qualifications: Interest in FX processing and prior banking or reconciliation experience required.

The predicted salary is between 36000 - 60000 £ per year.

Who We Are:

Moneycorppowers global payments for corporates,institutionsand high networth individuals, combining worldwide reach with localexpertise. With over 45 years of market experience, two banking licences and offices in 11 countries,our technologydelivers24/7 accessibility, while our people deliveraward-winning service. In 2024, we supported$1tn+of payment volume, reaching 190 countriesin130 currencies.Our32k+ corporateclientsbenefitfrom our regulatory resiliencewith63+permissions globally, access to major payment rails, and our proprietary technology.

Moneycorp is a place where energy, commitment, and collaboration are core to our values of shared success. We’re restless in our drive to surpass the expectations of our customers and unlock opportunities to support them at every stage of their journey. The foundation of our success is our people, and nurturing a culture of belonging for all our colleagues is central to our journey as a global business.

Role Purpose

This is a fantastic opportunity for someone to take on a key role within the Payments Operations function, where we are seeking someone who is keen to get involved in multiple projects within an established growing international organisation, providing amazing scope for both strategic and operational self-development.

Reporting directly to the Payment Operations Managers, this role is within the Reconciliations and Settlements team and the purpose is to ensure:

  • All FX transactions are confirmed, settled and reconciled daily
  • All bank accounts, transactions and systems are reconciled daily.
  • Compliance with client money obligations including Safeguarding, CAR, CASS.
  • Cash settlements result in funds in the correct bank accounts at the correct times to ensure all payments are released, minimise cost to business and maximise revenue.

The tasks will be split up by 3 main work streams - FX settlements, Cash Settlements and Reconciliations. You will have exposure to a variety of stakeholders across the business including members from the Sales, Dealing, Finance and Group, Risk and Compliance teams and the role will provide the opportunity to learn about all areas of payments within a global FinTech payments business.

We are keen to meet applicants who have an interest in learning FX, settlements and/or reconciliations or have previous operational experience with banking and reconciliation activities, have sharp attention to detail and takes pride in ensure processes and procedure are followed consistently at a high standard.

What we’re looking for:

Essential Knowledge, Skills & Experience:

  • Interest in moving into a role dealing with FX, settlements and reconciliations activities.
  • Proficient at establishing credibility quickly and building relationships with a range of stakeholders.
  • Ability to communicate effectively (both oral and written), stay calm and work well under pressure to meet competing deadlines.
  • Solution-focused approach and the ability to make objective / evidence based decisions and influence recommendations and decisions using insights.
  • Consultative style with the ability to breakdown complex information to suit target audience.
  • Resilient to change, adapting to and supporting new situations with confidence.
  • Excellent analytical skills, with ability to think independently and draw conclusions.

Exposure to any of the following areas would be advantageous in the role, however we are happy for all of these areas to be learned while in post:

  • Existing knowledge and understanding of the banking sector specifically around payments and FX products.
  • Day to day banking and reconciliation activities such as client money reconciliations, cash management, settlement of FX trades.
  • SWIFT Payments.
  • AML and Compliance requirements including safeguarding i.e. CAR / CASS requirements.

What We Can Offer You:

This role offers a competitive salary with a bonus, plus a comprehensive benefits package including 25 days holiday plus a day off for your birthday, pension, BUPA private medical health insurance and more.

Location and Contract Type:

This is a full-time, permanent position. The job is based out of our office in Coventry on a hybrid working model, offering the flexibility to work from home twice per week once settled in the role.

Fostering a culture of belonging and inclusivity

We're committed to creating a workplace where every individual feels valued, respected, and included. As an Equal Opportunity Employer, we actively cultivate an inclusive culture where diversity thrives, and we empower our colleagues to drive meaningful change within our organization through Employee Engagement initiatives and value champion networks. Like many of our peers, we recognize that fostering inclusivity is an ongoing journey, and we remain steadfast in our commitment to progress. By measuring our efforts through regular assessments and listening to the feedback of our employees, we strive to ensure that our initiatives are impactful and responsive to the evolving needs of our workforce. Together, we want to build a workplace where everyone can bring their authentic selves to work, as we believe this is the foundation of innovation, creativity, and collective success.

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Reconciliations & Settlements Analyst in Coventry employer: Moneycorp

At Moneycorp, we pride ourselves on being an excellent employer, offering a dynamic work culture that fosters innovation and collaboration. Our remote Finance Data Engineer role provides the flexibility to work from anywhere while being part of a global team dedicated to delivering exceptional service in the financial sector. With ample opportunities for professional growth and development, along with a commitment to employee well-being, Moneycorp is the ideal place for those seeking meaningful and rewarding employment.

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Contact Details:

Moneycorp Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Reconciliations & Settlements Analyst in Coventry

✨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 Moneycorp. 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 Reconciliations & Settlements Analyst in Coventry

FX Transaction Processing
Bank Reconciliation
Client Money Reconciliations
Cash Management
Settlement of FX Trades
SWIFT Payments
Understanding of Banking Sector

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 Moneycorp.

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 Moneycorp'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 Moneycorp

✨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 Moneycorp.

✨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 Moneycorp 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 Moneycorp 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.