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For Companies At a Glance
- Tasks: Supervise settlements, process foreign exchange deals, and manage cash and reconciliations.
- Company: Join an international bank known for its dynamic work environment and global reach.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Be part of a crucial team that ensures smooth financial operations and compliance.
- Qualifications: 5+ years in banking, supervisory experience, and knowledge of trade processing.
- Other info: This is a 2-year fixed-term contract based in vibrant West London.
The predicted salary is between 42000 - 84000 £ per year.
Sterling Williams are working alongside an international bank, they are currently recruiting for a Settlements Supervisor to join the team.
Responsibilities of the role will include:
- Bank to Bank Foreign Exchange Deal Processing
- Money Market Deal Processing including Retail Customer and Platform Linkage
- Deposits MT202 and MT200 payments for Banks that have current accounts with us.
- Fixed Income Trade Processing by way of Swift MT541 and MT543 messages to our Custodian.
- Interest Rate Swap Processing
- Daily Mark to Market valuation of derivatives administration including margin calls
- Daily Deal Maturity review to confirm if trades are correctly being extended or repaid.
- Cash and Nostro Management
- Nostro and Custodian Reconciliation
- Processing Nostro, Custodian, Brokerage and Repository charges
- Transaction Monitoring
- Be aware and proactive concerning Anti Money Laundering, Compliance and Regulatory
Experience & Skills required:
- Experience of processing trades over all our products range
- Must have minimum 5 years banking experience/supervisory level
- OPICS and/or Equation experience
- Flexcube and Equation experience
- Settling Fixed Income trades through a Custodian using Swift MT541 and MT543 messages
- Some knowledge of the reporting requirements for EMIR, SFTR and MiFID/MiFIR and the dynamics of trade repositories in this role
- Understanding the different formats that data can be configured in and being able to work
Settlements Supervisor in West London employer: Sterling Williams LTD
Contact Detail:
Sterling Williams LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlements Supervisor in West London
✨Tip Number 1
Network with professionals in the banking and finance sector, especially those who have experience in settlements. Attend industry events or join relevant online forums to connect with potential colleagues or mentors who can provide insights into the role.
✨Tip Number 2
Familiarise yourself with the specific software mentioned in the job description, such as OPICS, Equation, and Flexcube. Consider taking online courses or tutorials to enhance your skills and demonstrate your commitment to mastering these tools.
✨Tip Number 3
Stay updated on the latest regulations and compliance requirements related to settlements, such as EMIR, SFTR, and MiFID/MiFIR. This knowledge will not only help you in interviews but also show that you are proactive and informed about the industry.
✨Tip Number 4
Prepare for potential interview questions by practising scenarios related to cash and Nostro management, as well as transaction monitoring. Being able to discuss real-life examples of how you've handled similar situations will set you apart from other candidates.
We think you need these skills to ace Settlements Supervisor in West London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in banking and settlements. Focus on your supervisory skills and any specific software knowledge, such as OPICS, Equation, or Flexcube, that aligns with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the responsibilities involved. Mention your experience with trade processing and compliance, and explain why you are a good fit for the Settlements Supervisor position.
Highlight Relevant Skills: In your application, emphasise your familiarity with foreign exchange deal processing, cash management, and transaction monitoring. Be specific about your experience with Swift messages and any regulatory knowledge you possess.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects attention to detail, which is crucial in the banking sector.
How to prepare for a job interview at Sterling Williams LTD
✨Know Your Trade Processing
Make sure you brush up on your knowledge of trade processing, especially with Swift MT541 and MT543 messages. Be prepared to discuss your experience in handling Fixed Income trades and how you've managed similar responsibilities in previous roles.
✨Demonstrate Compliance Awareness
Since the role involves Anti Money Laundering and regulatory compliance, be ready to talk about your understanding of EMIR, SFTR, and MiFID/MiFIR. Highlight any relevant experiences where you ensured compliance in your past positions.
✨Showcase Your Supervisory Skills
As a Settlements Supervisor, you'll need to demonstrate your leadership abilities. Prepare examples of how you've successfully managed teams, resolved conflicts, or improved processes in your previous roles.
✨Be Ready for Technical Questions
Expect technical questions related to OPICS, Equation, and Flexcube. Brush up on these systems and be prepared to explain how you've used them in your work, as well as any challenges you've faced and how you overcame them.
