FINANCIAL SERVICES RECRUITMENT

LONDON | NEW YORK

JOB SUMMARY

Trade Support & Settlements Officer

My client, a leading wealth management business in the City, is looking for a dynamic individual to join their Settlements and Trade Support team.

JOB TEXT

Providing day to day support on a busy settlements desk covering Crest, International and Collective Investments, working closely with the trading desk and other teams within Operations.

This person needs to be able to work in a high volume and fast paced role but be personable and able to fit into a close knit, friendly team environment. You will need to have previous settlements experience, preferably with CREST knowledge and ideally come from a similar investment services / wealth management background.

KEY RESPONSIBILITIES

  • Ensuring timely settlement of all trades including but not limited to equities, Gilts/bonds, funds, Internationals and structured products.
  • Confirming trades with counterparties and amending trades as required.
  • Crest Checking and Foreign checking on internal systems.
  • Checking trades for accuracy and report exceptions as necessary
  • Reviewing daily trade files from custodians to ensure all trades are matched and address any issues.
  • Investigating and resolving any failed trades, non-receipts and interest claims.
  • Liaising with Wealth Managers/Custodians on a day to day basis ensuring all trades are completed and/or settled in a timely manner.
  • Follow up with Unit Trust Manager for contract notes and subsequent input of trades to internal systems.
  • Using of EMX to generate contract notes for trades placed.
  • Input of contracts into the system with settlement instructions/ confirmation details.
  • Back up for administration of all dealing error trades and subsequent reconciliation and reporting.
  • Reconciliation of positions held by 3rd party custodians.
  • FX booking.
  • Completion of Fund Application forms where required.
  • Payments for trades that require funds in advance.
  • Monitoring Margin Accounts.
  • Ensure that accurate controls and records are maintained as instructed by the Team Leader.
  • Dealing with internal and external queries.

SKILLS AND EXPERIENCE

  • Settlements experience in equities, Gilts/bonds, funds, Internationals and structured products
  • Retail financial services, investment management, brokerage background is desirable
  • Understanding of Crest and the major international markets
  • Knowledge of Pershing (UK) operations, systems and policies is an advantage
  • Financial exams advantageous
  • Excellent written and verbal communication skills
  • Ability to work under pressure and to deadlines
  • Good organisational and attention to detail
A DIFFERENT APPROACH TO HUMAN CAPITAL MANAGEMENT
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  • GBP0.00 - GBP35000.00 per annum
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 2019-01-14