Equities Middle Office and Settlements – Investec
Join to apply for the Equities Middle Office and Settlements role at Investec. Get AI-powered advice on this job and more exclusive features.
Direct message the job poster from Investec
Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.
Responsibilities
* Fidessa-management of the Middle Office to ensure that confirmations are affirmed by clients from Fidessa via DTCC CTM in timely order.
* Maintaining checking both client and market trades within Rims system are matched in suitable time, minimising risk for desks re any queries.
* Assist with settlement of all transaction Crest, liaising with custodians and client's settlement departments accordingly.
* Settlement of all non-UK transactions, liaising with global custodians in France, Spain and respective client's settlement departments accordingly.
* Euroclear settlement in firms own accounts.
* Monitoring all rejected swift settlement messages and correcting SDI information for accounts on a day-to-day basis and clearing/resolving accordingly.
* Arranging cross border deliveries of fungible stocks including breaking of Dual listed securities, ETF's and ADR's as required.
* Agree split and make up with market counterparties as required to maximise delivery.
* Monitoring and funding the daily cash balances with global custodians paying and withdrawing funds.
* Fidessa – data management of FDM to ensure all client and stock static data is up to date and correct.
* Assist and cover the monitoring of failing and potential buy ins and arranging borrow to cover accordingly for Crest/Euroclear or Global domestic settlement.
* Cover settlement and input of DBV to reduce funding requirement for settlement activity.
* Complete various daily morning and EOD reports and reconciliations.
* Liaise with on-boarding, trading desk & clients re issues in the account opening process and setting up new parent and child accounts in Operational systems.
* Monitoring all bridges feeding into RIMS for any issues on a day-to-day basis and clearing/resolving accordingly.
Qualifications
* Knowledge of Equity processes, Middle and Back office.
* Product knowledge required: All Equities with specific ETF experience.
* Sell-side Equities and Settlements experience.
* Ability to perform in a pressurised environment.
* Problem solving and judgement.
* Diligent approach to work, attention to detail.
* Intermediate/Advanced Excel skills.
* Reconciliations.
* Analytical skills.
* Process Improvement/Re-engineering.
* Relationship Management.
* Risk and Control Management.
* System knowledge: Fidessa, FIS-RIMS, Crest, Euroclear, BNP-Neo Link, Bloomberg, DTCC Platforms - CTM and Alert, Traiana.
Benefits and Working Conditions
* 6-month contract position.
* Location: London, England.
* Please note some flexibility on hours will be needed at times including working some UK bank holidays.
* As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.
* Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance.
* Non-contributory Pension & Discretionary Bonus.
* Life Assurance, Critical Illness & Income Protection.
* Season Ticket Loan & Electric Vehicle Scheme.
Inclusive Recruitment
At Investec, we are committed to fostering a diverse and inclusive workplace where everyone can thrive. In this role, you will be responsible for supporting the day-to-day operations across the full lifecycle of financial transactions.
We value individuals who in turn value our culture; that is, a can‑do attitude while challenging convention. Diversity, competency and flexible leadership are respected in pursuit of the growth of our business.
If the role excites you, please don't let our person specification hold you back. Get in touch!
We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the ‘Accessibility Options' link at the top of the page.
Contact: CareersUK@investec.co.uk
#J-18808-Ljbffr