At a Glance
- Tasks: Lead the Settlements team and ensure smooth daily processing of FX activities.
- Company: Fast-growing FX and international payments business with impressive growth.
- Benefits: Competitive salary, health insurance, gym membership, and extra leave for your birthday.
- Other info: Opportunity for professional growth in a supportive environment.
- Why this job: Join a dynamic team and play a key role in operational excellence.
- Qualifications: Experience in financial services, strong leadership, and excellent communication skills.
The predicted salary is between 65000 - 75000 € per year.
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 London 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 collaboration and innovation, with ample opportunities for professional growth. Enjoy a competitive salary, generous leave policies, and additional perks like health insurance and gym memberships, all while contributing to a company that is making significant strides in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Settlements (12 month FTC) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and FX sectors. Attend industry 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 operations and recent news. This will help you tailor your answers and show that you're genuinely interested in the role of Head of Settlements.
✨Tip Number 3
Practice common interview questions related to settlements and FX operations. Think about how your experience aligns with the responsibilities listed in the job description. We want you to feel confident and ready to impress!
✨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 London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your leadership abilities and any relevant experience in FX or payments to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you’re the perfect fit for the Head of Settlements role. Share specific examples of how you've led teams and improved processes in previous roles.
Showcase Your Numeracy Skills:Since this role is highly numerate, don’t shy away from showcasing your analytical skills. Mention any tools or software you’ve used to manage data effectively, especially if it relates to financial services.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
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. Be ready to discuss your experience with operational workflows, compliance, and how you've managed teams in similar roles.
✨Showcase Your Leadership Skills
Prepare examples that highlight your leadership style and how you've motivated teams in the past. Think about specific situations where you’ve driven process improvements or resolved conflicts within your team.
✨Be Ready for Technical Questions
Since this role involves working with platforms like BARX and Macquarie, be prepared to discuss your technical skills. Brush up on any relevant software and be ready to explain how you've used technology to enhance operational efficiency.
✨Demonstrate Your Problem-Solving Ability
Think of scenarios where you've had to resolve transaction issues or discrepancies. Be ready to walk through your thought process and how you approached these challenges, as this will show your analytical skills and calmness under pressure.
