Settlements Manager

LMA Recruitment Ltd
£50k - £70k pa
09 Feb 2017
09 Mar 2017
Contract Type
Full Time
A new opportunity has become available at an International Financial Institution for a Settlements Manager. Duties to include: * Trade confirmation are sent upon trade execution to each client * Pre match all security trades, liaising with clients regarding transaction settlements, as and when required * Ensure settlement of all trades - ownership confirmed efficiently and accurately * Settlement of trades; cleared - funds and financial products moved between buyer and seller * Collateral Management for Stock Borrow and Repo Transactions * Conversion management * Depot management and depot breaks * Fail management * Interest claims * Data management * Post settlement cover or point of escalation * Income (coupons/dividend) troubleshooting system problems * Corporate actions * Cash management * Manage the team and ensure that process and procedures are adhered to and supported by daily checklists and signed off * Ensure adherence to the Security Ops control framework including internal/external audit requests and the FCA reporting requirements * Be the first point of escalation for the team and internal, external stakeholders * Day to day management The candidate will have: * Product knowledge - equities, bonds, cash * Relevant market knowledge * Experience with payments, cash management, trade confirmation, trade instruction, mismatch resolution and reconciliations * Experience with systems - SWIFT, Euclid