• 8 September 2008
• Reference: JR204228

• Settlements

• City of London £15.00 - £20.00 p/hr Temporary

Settlements Officer
£15.00 - £20.00 per Hour
City Of London

This world leading Investment Bank who is dedicated to providing expertise, products and solutions that help their clients achieve their goal is currently seeking a talented Settlements Clerk.

The role of the Settlements Officer is to be flexible in handling the processing of FX/MM and Securities/Derivative Product trades emanating from the Treasury Dealing Room, Corporate Banking and Private Banking.

Key Responsibilities:

Securities and Derivatives

*Examine bond coupons income received for validity- in terms of payment date and amount due versus the Banks internal systems
*Understand/swap instructions with counterparties relating to FRN, Bonds, IRS, OIS, Options, Cap, Floor, and Collar. Settle, rate fix, position funds accurately and collect coupons/interest in a timely manner
*Handle the preparation, settlement, investigation and reporting cycle relating to transactions emanating from the Private Banking sector for MTN's, Client Bond Purchases and Sales, DOCU, Murabaha investments and equity based trades
*Review confirmation documentation relating to the process and settlement of Investment Product transactions
*Match/reconcile cash/securities in Euro clear via Euclid system
*Corporate Actions- Review/set up/ manage for accounts held at Euro clear
*Run/receive daily Custodian /Agent statement reports for cash /securities (via Euclid system) and Futures accounts via an External Ldn Acct. Ensure all transactions have been settled correctly
*Investigate, advise and resolve any Capital Market/Investment Product discrepancies in a timely manner, ensuring Management are aware of issues
*Maintain a good working relationship with Operations Control and Treasury Dealers

FX and MM Settlement

*Ensure all FX/MM transactions are correctly recorded as
*internal or physical trades for cash position purposes. Agree balances with Treasury London Dealers under the terms outlined in the Service Level Agreement
*Ensure all manual cash position adjustments (ad hoc) are processed on behalf of Departments within the EAB Group
*Swap instructions with counterparties where no standard settlement instructions prevail
*Settle all FX/MM transactions in an accurate and timely manner, using Swift Alliance and the Banks existing key Treasury payments system (Equation)
*Swap instructions with counterparties on CD transactions, pass manual General Ledger entries and execute manual payments using Swift Alliance
*Match FX/MM trades with counterparties and brokers using Swift Net Accord. Handle any mis-matched trades with expediency
*Prepare brokerage figures to be settled by Finance Department
*Manage queries emanating from the Group Offices or external counterparts/clients
*Provide statistical data to Management on a monthly basis
*Undertake End of Day procedures/reports. Reconcile transactions between *Front/Back/General *ledger/Swift systems on a daily basis.




You ideally have 3 years related experience in Operations settlements coupled with a strong knowledge of Securities, FX and Money Market products.


This presents a great opportunity for a commercially minded individual to add value in a proactive relationship led organisation. The ideal candidate will want to take this role initially on a temporary basis with the opportunity to go permanent. If you feel you have all the credentials then please do apply.

• Send to a friend

• Apply

Keywords related to this job

• Banking Operations,
• FX/MM Settlements,
• City of London,
• Temporary,
• Investment Banking,
• Settlements Officer,
• FX/MM,
• Securities/Derivative Product