Operations: currently 1094 jobs.The latest job was posted on 26 May 16.
Away from the hubbub of the dealing floor, operations is the back of house part of financial services that provides the support that keeps the financial services industry working smoothly.
Within financial services, the key role of operations is in the clearing and settling of trades.
Clearing is the process of matching the records of any sale of securities by the vendor and the purchaser to ensure the trade is valid. For most trades, this is a simple process which can be carried out automatically through online systems such as Euroclear. However for those ‘exceptions’ where automatic systems do not apply, staff are required to resolve any underlying issues.
Those with settlement jobs are concerned with making sure that the company is paid for all securities it has sold, received and paid for the securities it has purchased and the correct values have been assigned. This role includes the processing of all documentation and the resolution of any discrepancies in the transaction. And experience of systems such as CCASS, SWIFT, Clearstream, DCCASS and Euroclear is highly sought after.
Opportunities within Operations
As most standard trades are now cleared and settled automatically, operations jobs have been freed up to focus on the more creative side of the business. This can involve the development of new efficiencies within the system or the handling of more complex trades.
Roles such as trade support officer will deal with trades that might covering anything across the range of asset classes, including derivatives. Operations teams will also employ IT professionals, project managers and financial experts to plan and manage the implementation of new operational strategies.
Opportunities within operations are not only available within banks in London. Hedge funds, fund managers and the Big Four also require extensive operations support on a global basis and there are always positions available for those with the required skills and experience.
Take a look through all the operations jobs available at eFinancialCareers. You could find your next opportunity waiting for you.