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- Tasks: Handle payment instructions and monitor outstanding items daily.
- Company: Join a leading bank focused on efficient payment processing.
- Benefits: Enjoy a competitive salary and a fully office-based role.
- Why this job: Gain valuable banking experience while working in a dynamic team environment.
- Qualifications: Fluency in English and knowledge of payment processes required.
- Other info: Start ASAP and report directly to the Team Head.
The predicted salary is between 36000 - 60000 £ per year.
Ref: 22598 Job Title: Clearing Settlement Administrator – Banking The Skills You’ll Need: English fluent.Payment/clearing process, trade services and SWIFT experiences within banking. Your New Salary: Competitive Depending on experience Fully Office Based Perm Start: ASAP Reports to: Team Head Clearing Settlement Administrator – What You’ll be Doing Each Day: Process all correspondence payment instructions received from both internal and external clients of the Bank including agent banks in SCMS. Apply sound knowledge of Faster Payment, CHAPS, SWIFT MT format messages and ISO20022 SWIFT XML format messages when processing payment instruction in SCMS and FOVA. Actively monitor outstanding payment items and follow up with FCP compliance team on outstanding investigation. Engage and liaise with Nostro and Vostro Agent to address and resolve outstanding issues. Perform Vostro accounts opening and closing in system. Input accounting journal entries including interest, fees and charges in FOVA. Maintain and report daily Nostro positions to Funds Position Keeper. Remain vigilant regarding AML rules and procedures during routine working; all the CDD and AML checking in trade services and other product lines as req…
Clearing Settlement Administrator - Banking employer: People First
Contact Detail:
People First Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Clearing Settlement Administrator - Banking
✨Tip Number 1
Familiarize yourself with the specific payment processes mentioned in the job description, such as Faster Payment, CHAPS, and SWIFT. 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 who have experience in clearing and settlement. Engaging with them can provide you with valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Stay updated on the latest trends and regulations in AML (Anti-Money Laundering) and CDD (Customer Due Diligence). Being knowledgeable about these areas will show your commitment to compliance and risk management, which are crucial in this role.
✨Tip Number 4
Prepare to discuss your experience with trade services and how you've handled payment instructions in previous roles. Real-life examples will help illustrate your capabilities and make a strong impression during the interview process.
We think you need these skills to ace Clearing Settlement Administrator - Banking
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasize your experience with payment and clearing processes, trade services, and any familiarity with SWIFT. Use specific examples from your past roles to demonstrate your expertise.
Showcase Your Skills: Clearly outline your skills related to Faster Payment, CHAPS, and SWIFT message formats. Mention any relevant certifications or training that can support your application.
Tailor Your CV: Customize your CV to align with the job description. Focus on the responsibilities mentioned, such as processing payment instructions and monitoring outstanding items, to show you are a perfect fit for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are interested in the Clearing Settlement Administrator position. Highlight your understanding of AML rules and your ability to engage with internal and external clients effectively.
How to prepare for a job interview at People First
✨Show Your Knowledge of Payment Processes
Make sure to highlight your understanding of payment processes like Faster Payment, CHAPS, and SWIFT. Be prepared to discuss how you've applied this knowledge in previous roles.
✨Demonstrate Your Attention to Detail
As a Clearing Settlement Administrator, attention to detail is crucial. Share examples from your past experiences where your meticulousness helped prevent errors or resolve issues.
✨Prepare for AML and Compliance Questions
Since the role involves adhering to AML rules and procedures, be ready to discuss your experience with compliance and due diligence checks. This will show that you understand the importance of these regulations.
✨Engage with Scenario-Based Questions
Expect scenario-based questions related to resolving outstanding payment issues or liaising with agent banks. Practice articulating your thought process and problem-solving skills in these situations.
