Job No. JO-1907-16557
Salary icon £30,000 min per annum
Location icon London
Office icon London Office
Apply Now
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Operations/ Settlements Analyst (2-3 year’s experience minimum)

Operations/ Settlements Analyst (2-3 year’s experience minimum)

Frazer John Recruitment (London) is currently representing a City-based Bank to hire an Operations/ Settlements Analyst

The role is a requires someone to have 2/3 Settlements/ ideally with working knowledge of Fixed Income, or FX, or Interest Rate Swap Derivative Settlements. Our client is looking for someone who wants to learn and because the company is going through a huge change in new technology improvement, there is a desire that someone will embrace this change and have the view to want to get involved with mini Operations projects when requested (as well as the day-to-day Settlements and Trade Processing etc).

Any experience of Settlements of Government and Corporate Bonds, including Repo’s across UK, Euroclear and International markets, as well as/ or FX, or CD’s, Loans and Interest Rate Swaps (IRS) would be highly advantageous.

The role is responsible to ensure the efficient execution and settlements of predominantly, market transactions and secondly other Operational transactions such as data entry and payments and settlements. This role will be required to assist and provide daily cover across the entire Operations department.
The role will be required to undertake not only London branch business, but also forthcoming Amsterdam back-office operation. This role may be required to work on numerous UK Bank Holidays.

  • Hold system proficiency – Lotus NOTES, NOVAS II, OPICS, SWIFT FMB, SWIFT AML, CLS system, Enquiry Link, Euclid, LCH, JPMorgan ACCESS, in-house EUDs.
  • Complete the OS sheets of transactions in charge for input into mainframe computer.
  • Prepare and monitor daily cash flow projections for potential overdrawn balances.
  • Investigate problems e.g. non-receipt of funds, discrepancies and resolve any irregular transactions promptly in consultation with the line managers.
  • Ensure prompt and accurate reporting to the line managers upon discovery of any irregular incidents so that the matter can be reported to Branch Management and Head Office if necessary.
  • Conduct required daily/weekly/monthly self-checks.
  • Including, but not limited to assisting as and when required to provide cover for Data Entry and Payments.
  • Prepare for required audit report upon request from counter-parties.
  • Perform required actions for our audit purposes upon appointed internal/external auditors
Market Operations:
  • Hold proficiency of LCH/bilateral repo and reverse repo, cross currency repo, triparty repo, money deal, CLS, bilateral FX, Swap and futures transactions.
  • System operations of required systems for market operations.
  • Liaise with Dealers.
  • Prepare and exchange trade confirmations via SWIFT/telephone/e-mail/mail/fax.
  • Exchange settlement instructions with counter-parties.
  • Check and match counter-party’s trade confirmations against our records.
  • Prepare and check cash/securities settlement instructions against trade confirmations.
  • Ensure settlements of trades.
  • Check and pay Nostro/Custody, brokerages and other required fees/charges with Manager’s approval.
  • File deal tickets, confirmations, computer generated reports, bank statements, invoices and other required documents and responsible for data retention.
  • Preparation of required internal/external reports.
It is a requirement that this job holder will undertake loan administration work in the near future and appropriate on-the-job training will be given.

£30 k pa- £35 k pa, plus bonuses, pension (very good), healthcare, etc.   

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Job No. JO-1907-16557
Salary icon £30,000 min per annum
Location icon London
Office icon London Office
Apply Now
Apply Now
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