We are working with our client, a well-known FCA regulated Investment Company, with their search for an Operations & Settlement Associate to join their team. Successful candidate will be part of the Operations and Settlements team who is responsible for all post execution activities.
Responsibilities include but are not limited to:
• Accurate and timely execution and delivery of client and bank payment instructions with strict cut-offs for major currencies
• Liaise with Banks, Custodians on a day-to-day basis ensuring all trades, payments are completed and/or settled in a timely manner.
• Resolving queries on a timely basis received from sales team and middle office.
• Ensuring all trades are booked and matched in appropriate systems and captured timely and accurately.
• Ensuring cash and securities instructions are timely processed & transmitted to custodians.
• Liaising with traders, middle-office, counterparties, and custodians to ensure matching and settlement of trades.
• Monitor, Investigate and resolve failed, unmatched mismatched trades.
• Performing daily reconciliations of securities & nostros cash accounts
• Ensure that accurate controls and records are maintained as instructed by operations manager and compliance.
• Client reporting including trade confirmations, monthly statements, and corporate action notifications.
Key skills and requirements:
• Minimum of 3 years proven experience in a Payments or Back Office role for a financial services business.
• Advanced IT skills, specifically MS Excel, preferably VBA and SQL
• Knowledge in OTC financial products, Client Assets (CASS) rules, EMIR and MIFID
• Sound working knowledge of financial services, banking operations, dealer/brokerage operations.
• CISI IOC Qualification or equivalent
• Knowledge of Clearstream Xact platform, Euroclear or similar system
• Basic knowledge of asset servicing / corporate action processing
• Uses initiative and applies knowledge acquired to problem solving.
• High level of accuracy and attention to detail
• Ability to multi-task and work well under pressure to meet deadlines.
• Excellent numerical and organizational skills
