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- Tasks: Support treasury and loan transactions, payment processing, and query resolution in a dynamic banking environment.
- Company: Join a leading international bank with a strong reputation in the financial sector.
- Benefits: Enjoy a competitive salary, excellent benefits, and a discretionary bonus.
- Other info: This role is office-based, Monday to Friday, offering a vibrant work culture.
- Why this job: Perfect for organised individuals eager to grow their operations career in global banking.
- Qualifications: Attention to detail, team-oriented mindset, and experience in international banking preferred.
The predicted salary is between 28800 - 48000 £ per year.
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Our client is a leading international bank seeking a Clearing Settlement Administrator to join their London office.
This role supports the effective settlement of treasury and loan transactions, payment processing, reconciliations, and query resolution. The successful candidate will play a key role in clearing operations and liaise regularly with internal teams, agent banks, and the Head Office.
Key Responsibilities:
* Process payment instructions from internal and external clients using SCMS and FOVA
* Apply knowledge of CHAPS, Faster Payments, SWIFT MT and ISO20022 XML formats
* Investigate and respond to payment queries promptly and accurately
* Monitor outstanding payments and follow up with compliance and agent banks
* Open and close Vostro accounts in the system
* Maintain static data and update records
* Prepare daily Nostro positions and report to Funds Position Keeper
* Assist in system upgrades and operational improvements
* Generate monthly, quarterly, and ad-hoc reports for stakeholders
* Input accounting entries including fees, charges, and interest
Skills & Experience Required:
* High attention to detail and accuracy in reporting
* Ability to prioritise tasks in a fast-paced environment
* Team-oriented with a proactive attitude
* Experience in an international banking environment preferred
This is an excellent opportunity for an organised and motivated individual looking to further their operations career within a global banking institution. In return you can expect a competitive salary with excellent benefits and discretionary bonus. Please note this role is office based Monday to Friday
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Full-time
Job function
-
Job function
Other
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Clearing & Settlement Administrator employer: MW Recruitment Limited
Contact Detail:
MW Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Clearing & Settlement Administrator
✨Tip Number 1
Familiarise yourself with the specific payment systems mentioned in the job description, such as CHAPS, Faster Payments, and SWIFT MT. Understanding these systems will not only help you during the interview but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the banking sector, especially those who work in clearing and settlement roles. Engaging with them on platforms like LinkedIn can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with reconciliations and query resolution in detail. Think of specific examples where you successfully resolved issues or improved processes, as this will showcase your problem-solving skills.
✨Tip Number 4
Stay updated on the latest trends and regulations in international banking. Being knowledgeable about current events and changes in the industry will show your commitment and enthusiasm for the role.
We think you need these skills to ace Clearing & Settlement Administrator
Some tips for your application 🫡
Understand the Role: Read through the job description carefully to understand the key responsibilities and required skills. Tailor your application to highlight your experience with payment processing, reconciliations, and any relevant banking knowledge.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous roles in banking or finance, particularly those involving clearing and settlement processes. Mention specific systems you have used, such as SCMS or FOVA, and your familiarity with payment formats like CHAPS and SWIFT.
Showcase Attention to Detail: Given the importance of accuracy in this role, provide examples in your application that demonstrate your high attention to detail. This could include instances where you successfully managed complex data or resolved discrepancies in financial reporting.
Express Teamwork and Proactivity: The job requires a team-oriented approach. In your application, share experiences where you collaborated effectively with others or took the initiative to improve processes. This will show that you are not only capable but also a proactive team player.
How to prepare for a job interview at MW Recruitment Limited
✨Know Your Payment Systems
Familiarise yourself with payment processing systems like CHAPS, Faster Payments, and SWIFT MT. Being able to discuss these in detail will show your understanding of the role and its requirements.
✨Demonstrate Attention to Detail
Highlight your ability to maintain accuracy in reporting and data management. Prepare examples from your past experiences where your attention to detail made a significant impact.
✨Showcase Your Team Spirit
This role requires collaboration with various teams. Be ready to share instances where you successfully worked in a team environment, demonstrating your proactive attitude and teamwork skills.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially regarding payment queries and reconciliations. Think of specific scenarios where you resolved issues effectively and be prepared to discuss them.