This is a newly created role supporting the launch and growth of a custody business focused on cross-border capital markets activity, combining responsibility for CASS-regulated client asset reconciliations with treasury operations across FX and interest rate products. The position plays a key role in ensuring regulatory compliance, operational control and accurate transaction processing within a regulated wholesale banking environment.
Client Details
An organisation within the financial services and banking industry, located in The City of London:
This is an opportunity to join a well-established international wholesale banking platform that is investing in the growth of its cross-border capital markets and custody offering. As the business continues to expand its presence in securities services, it provides exposure to international markets, regulatory change and a broad range of treasury and custody activities within a highly regulated environment.
Description
Custody Operations Officer
Perform daily and monthly CASS reconciliations across client custody assets, ensuring compliance with regulatory requirements and internal controls.
Reconcile securities positions against external custodians, depositories and internal records, investigating and resolving any reconciliation breaks.
Maintain accurate records, reconciliation evidence and supporting documentation in line with CASS and audit requirements.
Support the ongoing management and development of a growing custody platform focused on cross-border capital markets activity.
Process and monitor corporate actions, including coupon payments, redemptions and other lifecycle events across custody assets.
Provide operational support for FX transactions, including confirmations, settlements, payment processing and account reconciliations.
Support the lifecycle management of treasury products including FX Spot, FX Forward, FX Swaps, repos and interest rate derivatives.
Ensure timely and accurate trade confirmation, settlement and regulatory reporting activities across treasury operations.
Liaise with front office, finance, compliance, external custodians, counterparties and operations teams to resolve queries and support transaction processing.
Maintain a robust control environment through maker/checker processes, operational risk monitoring, issue escalation and support for internal and external audits.
Assist with regulatory reporting requirements, including CASS-related reporting and treasury transaction reporting obligations.
Contribute to process improvements, operational efficiency initiatives and regulatory change projects within both the custody and treasury functions.Profile
A successful Custody Operations Officer should have:
Degree educated with a minimum of 3 years' experience within UK financial services.
Proven custody operations experience is essential, including securities settlement, corporate actions, position reconciliations and working with custodians or sub-custodians.
Able and willing to work in the office 5 days per week (non-hybrid).
Experience performing CASS reconciliations within an FCA-regulated environment, with a sound understanding of client asset rules and controls.
Experience supporting operations across FX and/or interest rate products, including trade confirmation, settlement and account reconciliations.
Good understanding of financial instruments including bonds, foreign exchange products and derivatives.
Knowledge of SWIFT messaging and experience using custody, treasury or banking operations systems.
Strong analytical and problem-solving skills, with the ability to investigate and resolve reconciliation breaks and operational issues.
Excellent attention to detail, organisational skills and the ability to operate within a well-controlled regulatory environment.
Experience of regulatory reporting, UK EMIR, MiFID II/MiFIR, CASS governance or Resolution Pack activities would be advantageous.
Exposure to cross-border custody, international securities markets would be beneficial.
Professional qualifications such as IOC, CISI, CASS, FRM or similar would be viewed favourably.
Job Offer
Custody Operations Officer
Salary £55k
5 days in the office, lunch paid for and provided daily.
Attractive benfits scheme.If you're interested in this Operations Officer role, apply now
