At a Glance
- Tasks: Lead the Settlements team and ensure smooth daily processing of FX transactions.
- Company: Fast-growing FX and international payments business with impressive growth.
- Benefits: Competitive salary, 20 days leave, gym membership, and health insurance.
- Other info: Opportunity for career growth and to work on innovative projects.
- Why this job: Join a dynamic team and make a real impact in a thriving industry.
- Qualifications: Experience in financial services, strong leadership, and excellent communication skills.
We are working with a fast-growing FX and international payments business, supporting UK and international corporate clients with currency exchange and global payments. Founded by two co-owners, the business has achieved impressive growth in a short space of time and is now planning ahead for its next phase of scale. To continue to support this growth, they are looking to hire a Head of Settlements for a 12 month maternity cover to support increasing client volumes and transaction activity.
About the opportunity:
As Head of Settlements, you'll oversee the full settlements function, ensuring operational excellence, regulatory compliance, and smooth daily processing across all FX activity. You'll manage and mentor the team, drive process improvements, and act as a key point of contact for internal stakeholders, banking partners, and counterparties. You'll report directly to the Chief Financial Officer and play a crucial role in maintaining the integrity and efficiency of our operational engine.
In particular, you will:
- Lead and manage the Settlements team, ensuring tasks are delegated effectively and morale remains high.
- Oversee daily operational workflows, ensuring compliance with internal policies and regulatory requirements.
- Execute FX trades across BARX, Macquarie and Crown platforms.
- Perform daily safeguarding reconciliations, escalating discrepancies to the CCO.
- Monitor client monies, liaising with account managers where required.
- Manage net positions, including daily sweeps and EUR reconciliation between Frankfurt and the UK.
- Collaborate with the Tech team to enhance automation and improve system capabilities.
- Support new projects, including testing and implementation.
- Respond to banking partner RFIs promptly and accurately.
- Review and finalise monthly settlements data for board submission, identifying areas for improvement.
- Escalate support tickets with external software providers.
- Action FX swap drawdowns/rollovers.
- Submit and approve payments, including internal transfers and external banking platform payments.
- Resolve transaction issues with banking partners.
Essential skills and Experience:
- Experience in a similar role within financial services, ideally FX brokerage or payments.
- Highly numerate, methodical, and detail-driven.
- Strong leadership skills with the ability to motivate and develop a team.
- Excellent communication skills and a positive, proactive attitude.
- Confident using Microsoft Suite (Excel, Word, SharePoint).
- Calm under pressure, adaptable, and comfortable stepping outside your comfort zone.
- Diligent, committed, and able to manage a varied workload.
In return we are offering:
- A highly competitive salary between £65,000 - £75,000 depending on skills and experience.
- 20 days annual leave plus bank holidays.
- Extra day of annual leave to celebrate your birthday.
- Subsidised gym membership.
- Season ticket loan.
- Health insurance.
- Life insurance.
If you feel you are a good match for above requirements and interested to learn more please apply.
Head of Settlements (12 month FTC) in Canary Wharf employer: Vero HR
Join a dynamic and rapidly expanding FX and international payments business that values operational excellence and employee development. As the Head of Settlements, you will be part of a supportive work culture that prioritises team morale and offers competitive benefits, including health insurance and additional leave for your birthday. With opportunities for professional growth and a direct reporting line to the CFO, this role is perfect for those looking to make a meaningful impact in a thriving environment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Settlements (12 month FTC) in Canary Wharf
✨Tip Number 1
Network like a pro! Reach out to your connections in the FX and payments industry. Attend relevant events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their growth story and how you can contribute to their next phase. Tailor your answers to show how your experience aligns with their needs, especially in settlements and compliance.
✨Tip Number 3
Show off your leadership skills! Be ready to discuss how you've motivated teams in the past and improved processes. Use specific examples that highlight your ability to manage operations effectively and drive results.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Head of Settlements (12 month FTC) in Canary Wharf
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Settlements role. Highlight your experience in financial services, especially in FX brokerage or payments, and showcase your leadership skills. We want to see how you can bring operational excellence to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific achievements that demonstrate your ability to manage teams and improve processes. We love a proactive attitude!
Showcase Your Skills:Don’t forget to highlight your technical skills, especially with Microsoft Suite. If you've worked with platforms like BARX or Macquarie, make sure to mention that too! We’re looking for someone who’s detail-driven and methodical.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Vero HR
✨Know Your Settlements Inside Out
Make sure you brush up on your knowledge of settlements, especially in the FX and payments space. Understand the daily operational workflows and compliance requirements, as well as the platforms mentioned like BARX and Macquarie. This will show that you're not just familiar with the role but genuinely interested in how the business operates.
✨Showcase Your Leadership Skills
As a Head of Settlements, you'll be managing a team, so it's crucial to demonstrate your leadership abilities. Prepare examples of how you've motivated and developed teams in the past. Think about specific situations where you improved morale or drove process improvements, as this will resonate well with the interviewers.
✨Be Ready for Technical Questions
Expect questions that dive into your technical skills, especially around reconciliations and transaction issues. Brush up on your knowledge of safeguarding reconciliations and how to handle discrepancies. Being able to discuss these topics confidently will set you apart from other candidates.
✨Prepare Questions for Them
Interviews are a two-way street, so come prepared with insightful questions about the company’s growth plans and how the settlements function fits into that vision. This shows that you're thinking strategically and are genuinely interested in contributing to their success.
