Cash Management Officer

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £40000 - £42000 per annum

  • Contact:

    Scott Duerden

  • Contact email:


  • Job ref:


  • Published:

    10 months ago

Our client, an International Bank based in the City are looking to recruit a Cash Management Officer to join their expanding Settlements & Clearing Department. The primary purpose of the role is to assist in ensuring that appropriate forecasting is provided and funding is in place for the nostro and settlement accounts of the bank on both an intra-day and end of day basis to ensure that cash balances are reconciled and correctly assigned to the various London business lines.

Main Responsibilities will include;

  • Cash Funding / Reconciliations - Reporting daily funding requirements to Prime Services and Global Fixed Income funding teams in a timely manner to allow the respective parties to correctly cover their currency positions. The role entails constant liaison with Prime Services and Fixed Income operations teams to ascertain the status and likely outcome of failing trades in order to position funding accordingly. Funding forecasts are to be reconciled to actual cash balances for Prime Services and Global Fixed Income trading teams and resolving any issues within a timely fashion.
  • Position balancing - Reconciliation of Money Market cash positions in Wall Street (For BNSL and SBE) to general ledger balances. Any resulting issues are to be promptly resolved, with Wall Street updated to include any remedial adjustments.
  • Funding Movements - Process relevant cash payments for Prime Services and Fixed Income, ensuring authorisation is obtained in order to facilitate the accurate funding of daily trading activity.
  • Ad hoc payment functions - Arrange and process various payments required for business transactions via SWIFT, cheque and draft. These include FX trade settlement and payments derived from HR and the supported business lines. There is also responsibility for handling inward cheque collections for CAD drafts drawn on BNSL and making resultant payments.
  • The incumbent will be expected to cross-train within the department in order to provide cover for colleagues within the Collateral, Cash and Corporate Actions team to cover periods of absence, as well as providing cover for business as usual processes on UK Bank Holidays

To be considered for this position, ideal candidates will have the following experience/skills;

  • The incumbent must have good knowledge of Front and Back Office operation and practices. The incumbent is required to possess knowledge of the risk, accounting and settlement requirements for Fixed Income Securities and Equities.
  • The incumbent will require a general understanding of the rules and regulations governing the Securities and Derivatives industry, for example, ISMA and FCA.
  • The incumbent will require a general knowledge of the various electronic securities settlement systems, including Euroclear and Clearstream.
  • The incumbent must be self-starting, and possess good interpersonal, communication, time management and organisational skills and possess the ability to independently resolve complex issues in a timely manner.

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