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- Tasks: Join our team as a Settlements Analyst, managing trade settlements and ensuring accuracy.
- Company: Be part of a growing International Bank with a dynamic Operations Department.
- Benefits: Enjoy hybrid work options and a supportive team culture.
- Why this job: This role offers hands-on experience in finance and the chance to make an impact.
- Qualifications: Strong Swift experience and a solid understanding of Treasury Operations are essential.
- Other info: Opportunity for cross-training and professional development within the department.
The predicted salary is between 36000 - 60000 £ per year.
Excellent opportunity opens for a Senior Settlements Analyst to join a growing International Banks’ Operations Department in a crucial role. Working in the Settlements Operations team, you will be responsible for providing operational support to the Treasury functions while providing a high level of customer service. The successful candidate will have experience on the Settlement process - validating trades, settling trades and confirmations eg. bonds, this would involve sending Clearstream (or another custodian such as Euroclear), the bank's MT5XX SWIFT messages and monitoring the trades to match status.
Job Responsibilities:
- Ensure timely settlement and confirmation of all new and maturing trades for all products.
- Processing of manual Swift messages required for the settlement of trade or cash funding.
- Monitoring and management of SWIFT, TLM, CLS and Murex queues for any exceptions.
- To ensure the accurate monitoring, management and reporting of currency Nostro positions to relevant stakeholders.
- Ensure all reports to management, Ops Risk and head office are completed on time.
- Ensure daily department checklists have been completed.
- Investigation and reconciliation of cash entries, outstanding trade confirmations and late trade settlements including any non-receipt of funds.
- Reconcile and pay monthly brokerage.
- Process relevant trade GL entries into the Midas Plus accounting system.
- Assist with cross-training of staff in line with departments training initiatives.
- Ensure Treasury / Settlement Operations Procedure Manuals are reviewed and updated whenever necessary.
- Ensure that systems and processes within Treasury / Settlement Operations are adhered to at all times.
Qualifications/Other Requirements:
- Strong experience using Swift for trade confirmations particularly BOND & FX trade.
- Experience with various SWIFT message types, including the MT2XX series (Bank Payments), is expected.
- Knowledge of Treasury Operations and Investigations, a general understanding of Trade & Loan Operations and Payment Operations.
- Ability to maintain a high level of accuracy in a deadline driven environment.
- Strong academic background, with first-class inter-personal and communication skills and excellent PC literacy.
Settlements Analyst - FX, Money Market, Securities, Bonds | London, UK | Hybrid employer: Rothstein Recruitment
Contact Detail:
Rothstein Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlements Analyst - FX, Money Market, Securities, Bonds | London, UK | Hybrid
✨Tip Number 1
Familiarise yourself with the specific SWIFT message types mentioned in the job description, especially the MT5XX series. Understanding these messages will not only help you during interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the settlements and treasury operations field. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your knowledge of trade confirmations and the settlement process for bonds and FX trades. Being able to discuss specific scenarios or challenges you've faced in previous roles will set you apart during interviews.
✨Tip Number 4
Prepare to showcase your problem-solving skills, particularly in relation to investigating and reconciling cash entries and outstanding trade confirmations. Think of examples from your past experience that highlight your ability to handle such tasks effectively.
We think you need these skills to ace Settlements Analyst - FX, Money Market, Securities, Bonds | London, UK | Hybrid
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in settlements, particularly with FX, Money Market, and Bonds. Use specific examples of your previous roles that demonstrate your understanding of the settlement process and your ability to manage trade confirmations.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Settlements Analyst role and explain why you are a great fit. Mention your experience with SWIFT messages and your knowledge of Treasury Operations, as these are crucial for the position.
Highlight Relevant Skills: Emphasise your skills in monitoring and managing queues, as well as your ability to reconcile cash entries and outstanding trade confirmations. These skills are essential for the role and should be clearly stated in your application.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is vital in a deadline-driven environment like settlements.
How to prepare for a job interview at Rothstein Recruitment
✨Know Your Settlements Process
Make sure you have a solid understanding of the settlements process, especially for FX, Money Market, and Bonds. Be prepared to discuss your experience with validating and settling trades, as well as your familiarity with SWIFT messages like MT5XX.
✨Demonstrate Attention to Detail
In this role, accuracy is key. Highlight examples from your past work where your attention to detail made a difference, such as successfully reconciling cash entries or managing exceptions in trade settlements.
✨Showcase Your Communication Skills
Strong interpersonal skills are essential for this position. Be ready to explain how you've effectively communicated with stakeholders in previous roles, particularly when it comes to reporting and resolving issues.
✨Prepare for Technical Questions
Expect questions about specific systems and processes, such as TLM, CLS, and Murex. Brush up on your technical knowledge and be ready to discuss how you've used these tools in your previous positions.
