Settlement Specialist Settlement Specialist …

Eximius Finance
in London, United Kingdom
Permanent, Full time
Last application, 15 Jun 21
50,000
Eximius Finance
in London, United Kingdom
Permanent, Full time
Last application, 15 Jun 21
50,000
Posted by:
Harry Ford • Recruiter
Posted by:
Harry Ford
Recruiter
Ensuring accurate and timely monitoring and settlement of all Fixed Income and Equity transactions in the Euroclear and the Domestic Market space. Products include, Corporates, Government Bonds, Repo, SBL, Cash Equity and Convertibles.

Overview of Department/Section

 

Currently there is an exciting opportunity for a hands-on experienced individual with detailed knowledge of the funcions associated with trade processing support.  This role will support Fixed Income & Equity products traded in London with settlement in the APAC region.

 

Main Purpose of the role

 

Ensuring accurate and timely monitoring and settlement of all Fixed Income and Equity transactions in the Euroclear and the Domestic Market space. Products include, Corporates, Government Bonds, Repo, SBL, Cash Equity and Convertibles.

  

Key Responsibilities

 

In this role, you will be responsible for supporting the Settlement Pre-Matching across banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you. Others responsibilities include:

 

  • Resolving unmatched trades in Fixed Income and Equity products in the primary and secondary markets
  • The monitoring and resolution of unmatched trades related to bilateral Triparty  Euroclear/Clearstream business.
  • Narration / investigation / resolution of cash and security breaks.
  • On-borarding of clients, understanding customer SSIs and required to ensure STP in the market.
  • Liaise with traders, legal and other support areas and counterparts.
  • Support the client business to process requests in a quick and efficient manner.
  • Minimisation of operational risk of the group, maintaining control over processes and challenging continuously.
  • Ensure desk procedures are kept up to date and improvements are made to improve efficiency.
  • Investigation and resolution of reconciliation breaks for all products supported by the Transaction Processing team covering all respective markets
  • Processing, Monitoring, reporting and resolution of all market borrow positions including any resulting mandatory recalls
  • Identification and process of pair off / partial opportunities with counterparties including the preparation of Payment/receipt instructions

  

Skills and Experience

 

  • 5+ years financial markets experience predominantly based within top tier firms’ Fixed Income and Equity Settlements environments.
  • Detailed knowledge of the mechanics of Euroclear, Clearstream ,LCH and key global domestic markets is essential.
  • Understands the requirements linked to Triparty Repo/Security Lending.
  • Hghi level of experience in the DTC markets
  • High Level of experience in Stock Borrow/lend business, predominantly in the US market
  • Understands the operational risk framework and is acutely aware of the Front Office environment at play and how the team’ function complements it.
  • Experience of Euclid and SWIFT, in addition Gloss and Intellimatch experience would be useful.
  • Product understanding of Repo, margin/collateral process, Asset Servicing, International Equities
  • Excel, Outlook, Word skills.
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