Settlements Associate

Leading financial institution with a strong global presence are seeking a Settlements Associate to join their Desk.  This role involves managing collateral within the Global Equity Finance team.  Products covered include Equities, ADRs, ETFs, FX & Swaps.
This is a 12 month contract role (with strong possibility for extension/move to permanent), inside IR35 paying £350 - £375 per day.
SKILLS:

• Previous experience in a similar role with relevant product related experience (Equities, ADRs, ETFs, FX & Swaps).
• Solid business knowledge in the Finance/Banking industry.
• Knowledge of trade matching, collateral management, and repos. Triparty knowledge is required.
• Broad Market knowledge – Crest / Europe including Spain / South Africa / Canada / U.S / and some Asian / Pacific markets.
• Review and resolve stock and cash reconciliation items daily.
• Knowledge of Trade Matching, Settlement and Fails process.
• Payment knowledge desirable such as the SWIFT network and own account funding.
• Gloss/Global One/NEOLINK / HSBC cash / CITBANK/ CREST system knowledge desirable.
• Knowledge of equity finance transactions is required.
• Understanding of regulations impacting the settlements area including client money CASS and CSDR desirable.
• Understand front to back transaction workflow and controls.
• Undergraduate degree in finance, accounting, economics, or numerate subject.
• Ability to communicate effectively with internal and external stakeholders at varying levels including sales desk and counterparties.
• Experience in Stock borrowing is advantageous.
• Strong attention to detail and ability to work in a fast-paced environment.

 
ROLE & RESPONSIBILITIES:

The main goal of the Settlements Associate is to ensure that collateral obligations are met daily in the most efficient manner and that exposure is managed within the risk parameters defined by the bank. Clear communication with the trading desk, clients and other areas within the group is also a key part of the job.
In addition, the successful candidate will be expected to work to maximise settlements and minimise unnecessary exposure to operational risk.

If you feel this is the role for you, please send your CV in word format for the attention of ALISON CALDER.