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Equity Settlements Associate

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £55000 - £60000 per annum

  • Contact:

    Scott Duerden

  • Job ref:

    SDESABM01_1630658244

  • Published:

    about 2 months ago

Global Investment Bank based in the City of London, are looking to recruit an Equity Settlements Associate to join their expanding European Equity Operations Department.

The role involves managing settlement duties within the Equity Operations area. The main goal is to ensure that settlements are smooth and efficient and that exposure is managed effectively, clear communication with the trading desk, clients and other areas within the group is also a key part of the job. Products covered include Equities, ADRs, ETFs, FX Swaps).

Key Accountabilities of the position include;

  • Manage settlements in a fluid environment
  • Manage cash payments and processing and provide funding assistance
  • Manage daily reconciliation tasks
  • Review and resolve stock and cash reconciliation items on a daily basis

To be considered for this fantastic opportunity, ideal candidates must have the following experience & skills;

  • Undergraduate degree in finance, accounting, economics or numerate subject.
  • Minimum 3-5 years relevant product related experience.
  • Solid business knowledge in the Finance/Banking industry.
  • Knowledge of Trade Matching, Settlement and Fails process
  • 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 on a daily basis
  • Knowledge of Trade Matching, Settlement and Fails process
  • Payment knowledge desirable such as the SWIFT network
  • Gloss / NEOLINK / HSBC cash / CITBANK/ CREST system knowledge desirable
  • Mainly cash equity knowledge but knowledge of other instrument types is an advantage
  • Understanding of regulations impacting the settlements area including client money CASS and CSDR desirable
  • Understand front to back transaction workflow and controls
  • Ability to communicate effectively with internal and external stakeholders at varying levels including traders and counterparties.
  • Strong attention to detail and ability to work in a fast-paced environment

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