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Settlements Clerk

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £28000 - £32000 per annum

  • Contact:

    Scott Duerden

  • Job ref:

    SDSCIC01_1597739936

  • Published:

    about 1 month ago

Prestigious International Bank based in the City of London, are currently looking to hire a Settlement Clerk to join their expanding Operations Department. The successful candidate with process payments as well as clearing enquires. The role will also cover the trade services operation functions which include dealing with all the import and export settlement business and other tasks as directed by the line manager.

Main Responsibilities & Accountabilities:

  • Process GBP, USD and CNY etc. clearing for the Bank, Head Office and other correspondents
  • Process internal payments for invoices due
  • Monitor account movement
  • Monitor large exposure and advice circulation to CMD, Treasury and Risk ALM
  • Funds positioning
  • Return unable to apply or cancel funds to remitter
  • Process Nostro transfers
  • SSI set up and parameter reviewing
  • Pass any journal entries and accruals in FOVA System
  • Process any enquires received from our clients and / or agent banks
  • Q&A all correspondence to relevant bank relating to clearing payments
  • Monthly Foreign Correspondent clearing bank report to Head Office

Other responsibilities will include;

  • Cover trade services operation functions
  • Maintenance of static data
  • Maintenance of records filing
  • Follow up system upgrading and development of new products
  • An understanding of key roles and regulations governing CASS
  • Conduct daily basic CASS review operation in accordance with established policies.
  • Perform an assessment of whether the funds / credits relate to designated investment business on daily basis and document this.
  • Report any breach of the banking exemption to the Compliance & Legal Department as well as the Head of Department

To be considered for this position, candidates must have the following experience and skills;

  • Bilingual: English / Mandarin is mandatory
  • Previous Payments/Clearing Operations experience
  • Good communication and interpersonal skills
  • Good organizational ability and attention to detail
  • Able to prioritise tasks and delegate when necessary
  • Good team player and be able to support team members
  • Accurate reporting skills
  • Microsoft Office skills

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