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Settlements Specialist
- Posted 19 March 2019
- Salary £45000 - £50000 per annum
- LocationLondon, England
- Job type Permanent
- Discipline Banking Operations
- ReferenceSDRC01_1553007785
- Contact NameScott Duerden
Job description
My Client, a very well established investment firm, based in the West End are looking for a Settlements Specialist to join their rapidly expanding business. Successful candidates must have a background in Settlements, have a thorough understanding of Global Equity Settlements and a familiarity with derivatives.
As a Settlements Specialist you will be responsible for:
- Setting up cash instructions or releasing cash payments, ensuring appropriate documentation contains necessary authorisation
- Day to day responsibility for managing any trade fails and cash breaks as well as processing
and managing daily equity trade flows
- Ensuring trades are settled in a timely manner and escalate where appropriate
- Understanding and processing of Corporate Action/ Corporate Governance notifications
- Liaise with external parties to rectify any cash movement issues
- Monthly stock reconciliations
- Weekly cash flow forecast reporting
- Daily cash management
As a Settlements Specialist you will need:
- Ideally, familiarity with derivatives covering OTC Call/ Put Equity/ Currency/ options, Index options, Futures trades including margining
- Must have strong FX knowledge and experience
- Must have thorough understanding of Global Equity Settlements in preferably all for the following markets: US, Europe, Asia, Brazil & UK
- Forward and spot FX settlement experience
- Experience of/exposure to investments, with a strong interest in developing that knowledge
- Have strong Excel skills, ability to use v-lookup/ Pivot tables
- Good communicator who raises issues promptly to the team