Description
Settlements Analyst - FX/Money Markets sought by leading investment bank based in the city of London.
Position purpose.
*Inside IR35*
The role is part of an operations team that supports pre and post trade deal processing for FX and Money Market trading businesses and its clients. The incumbent is responsible for the accurate set-up, amendment and maintenance of the client's Standard Settlement Instructions (SSI's).
The functions are to be performed within regulatory guidelines and market best practice principles. A high standard of quality is required at all times in order to reduce associated market/dealing and operational risk.
ROLE SPECIFIC RESPONSIBILITIES
- To Ensure Standard Settlement instructions are loaded/verified in a timely and accurate manner for all business lines supported.
- Investigate/follow up of all exception reports
- Identify trends/errors and suggest enhancements to process/database to improve overall efficiency
- To ensure all daily tasks/controls are completed in line with the departmental PRIMA maps and procedures
- To assist the Team Manager/Department Head on projects, process improvements or new business initiatives as requested.
- To continue to develop product/market knowledge to ensure daily processes are appropriate to reduce operational risks.
- To escalate any unusual behaviour as well as any processing issues to the Team Manager or above in a timely manner following the Operations Escalation Policy.
- To understand and know how to locate central policies.
- To ensure PRIMA maps and procedures are up to date and follow Policies.
- To investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change.
- To support colleagues during busy periods by sharing workloads as applicable.
- To provide best in class client services to both internal and external clients by ensuring their queries are responded to within agreed timeframes .
EDUCATION &/OR EXPERIENCE
Required
- Extensive knowledge of SWIFT Standards and International Settlement Rules
- Proven experience of liaising with clients via telephone/email/face to face visits
- Indepth understanding of the Foreign Exchange and Money Market trade lifecyle events and process flows
- Indepth understanding of operational risks, impacts and mitigating controls
- Indepth understanding of the banks internal Trading, Sub and General ledger platforms
- Basic understanding of the core principles of accounting rules and the downstream impact to the Balance Sheet
Please apply within for further details or call
Alex Reeder
Harvey Nash Finance & Banking