Settlements Manager

Recruiter
Quantum Services Management Ltd
Location
London
Salary
35000.0000
Posted
18 Mar 2017
Closes
17 Apr 2017
Contract Type
Permanent
Hours
Full Time

Our client is an International Bank that looking to hire Settlements Manager to join their team;

MAIN OBJECTIVES:

Reporting into the Head of Operations, the Settlements Manager will oversee, manage, supervise and direct the settlements operations to ensure smooth functioning within the Department, with responsibility for the day-to-day settlement and positioning of all the Bank's treasury deals. This person will need to take a proactive role in helping set up cash management function of the Bank.

MAIN DUTIES

  • Manage, supervise and direct the settlements unit to ensure smooth coordination with Treasury and other departments,
  • Create and maintain Policies and Procedure as required for the Settlement unit.
  • Ensure Banknotes and FX/MM transactions are correctly recorded for cash position purposes.
  • Ensure all ad hoc cash positioning adjustments are processed on behalf of other departments.
  • Match Banknotes and FX/MM trades confirmations with counter-parties'.
  • Settle all Banknotes and FX/MM transactions in an accurate and timely manner using SWIFT.
  • Settle all Banknotes transactions in an accurate and timely manner using SWIFT.
  • Provide statistical data to Management on a monthly basis.
  • Repair all SWIFT messages failures advised by the IT department.
  • Manage queries emanating from the Treasury department or counter-parties.
  • Assist other areas of Operations as and when required.
  • Swap instructions with counter-parties when no SSI prevail.
  • Investigate, advise and resolve any discrepancies with counter-parties in a timely manner.
  • Regular reviews of the cash management and Nostro reconciliation services to guarantee that it is being provided as per SLA.

MAIN DUTIES

  • Manage, supervise and direct the settlements unit to ensure smooth coordination with Treasury and other departments,
  • Create and maintain Policies and Procedure as required for the Settlement unit.
  • Ensure Banknotes and FX/MM transactions are correctly recorded for cash position purposes.
  • Ensure all ad hoc cash positioning adjustments are processed on behalf of other departments.
  • Match Banknotes and FX/MM trades confirmations with counter-parties'.
  • Settle all Banknotes and FX/MM transactions in an accurate and timely manner using SWIFT.
  • Settle all Banknotes transactions in an accurate and timely manner using SWIFT.
  • Provide statistical data to Management on a monthly basis.
  • Repair all SWIFT messages failures advised by the IT department.
  • Manage queries emanating from the Treasury department or counter-parties.
  • Assist other areas of Operations as and when required.
  • Swap instructions with counter-parties when no SSI prevail.
  • Investigate, advise and resolve any discrepancies with counter-parties in a timely manner.
  • Regular reviews of the cash management and Nostro reconciliation services to guarantee that it is being provided as per SLA.

General

  • For all settlements, ensure that all risk, controls and compliance processes are complied with including prompt and effective risk escalation and resolution takes place and bank operations escalation policies are implemented and adhered to
  • Identifying and escalating areas of risk or problems to line manager and/or CFO, Treasurer, CO / MLRO or relationship manager as appropriate
  • Support team members to ensure all allocated work is completed in a timely manner with high standards being maintained.
  • Additional tasks as requested by the Head of Operations or CEO

A Bachelor's Degree or equivalent professional qualifications, combined with relevant exposure in an equivalent position in a regulated Financial Institution.

SKILLS AND EXPERIENCE

  • 5 years' Treasury Back-office experience within Banking
  • Knowledge and experience of settlement systems and services.
  • Knowledge and experience with Bank Operational Processes and SWIFT.
  • Good knowledge of Banknotes and MM/FX transactions.
  • A strong understanding of accounting concepts and principles
  • Excellent communication skills and providing high levels of customer service
  • Experience in excel
  • Strong attention to details, time management and problem solving skills
  • Effective stakeholder management skills
  • Strong verbal and written communication skills
  • Customer focused
  • Ability to work in a rapidly changing environment

INDEPENDENT ACTION & DECISION MAKING

The job holder is expected to supervise/'head-up' the Settlement Department independently seeking guidance from the Head of Operations when required.

ACCOUNTABILITY FOR ACTIONS/RESULTS

Accountable for ensuring all transactions and reconciliations are completed efficiently and on time and ensuring a good annual audit rating.

KEY RELATIONSHIPS

Internal Relationships:

  • Head of Operations
  • CFO
  • Treasurer
  • Group Payments team
  • Relationship Management Team
  • Dealing Room