Description
Profile Summary
Duties and Responsibilities
Respond to internal and external enquiries in a timely manner;
Ensure timely responses to client queries sent by email/phone communication, providing a positive client xp
Implement ideas across the department; with an aim to reduce manual processes and improve automation
Project work as required and contributing to the department's project slate. To include UAT Testing
Carry out reconciliation investigation on all relevant breaking items with a one-day deadline, this includes both Stock and Cash breaks-ensuring the correct escalation process is followed Proactively investigate discrepancies with custodians and follow up on their resolution;
Operate within the defined process controls and procedures, proactively seeking out any risks, escalating and providing ideas to remediate.
Ensure all Bond and Equity trades settle on a timely basis;
Pre-match and settle trades across Asian, American and European markets in via Domestic agents and Euroclear
Monitoring of fails/settlements for relevant Domestic Markets and Euroclear;
Liaise with Cash Management and Traders to resolve failed trades, bond settlement issues and general operational risk
Late shift work for USD Settlements between 19:30-20:30 working remotely from home as and when required and pre-agreed with line manager. Monitoring of fails/settlements for DTC and UST markets and arranging covering for any DK'd trades where appropriate to ensure any negative cash balance is covered.
Declaration and processing of transactional taxes: UK & Irish Stamp, Financial Transaction Tax.
Understanding of all market claims
Cross train and cover other team members across the Settlements Team as and when required.
Participate conduct relevant SOX Testing and audit work (internal and external).
Escalate any settlement issues to the correct distributions immediately keeping relevant departments in the loop
Bank Holiday coverage is required
Monitor LCH, Tri-Party and Collateral Transactions through to settlement
Dual Hat Duties and Responsibilities
Adhere to the Dual Hat Policies & Procedures which set out the permitted activities and ensure you conduct yourself accordingly, when acting in a dual hat capacity
Responsibility for identifying and resolving where there may be a difference or conflict in needs, escalating where required
Dual Hat Authority
Adhere to the Group's Dual Hat Policies & Procedures, regulatory and compliance obligations and any other applicable policies made available to you, and as updated from time to time
Qualifications, Skills and xp
Time management skills.
Good verbal and written communication skills
Team Player
Extensive coverage of standard operational tasks.
Ability to work independently;
Flexibility to cover across Roles within the Settlements team
xpwithin Investment Banking Operations.
Minimum 3 years of xpwithin Settlements
Reconciliations xp.
PC Skills (Excel, Word especially)
Understanding of securities markets, their deadlines, and challenges from settlements perspective.
SWIFT xp, understanding of formatting and processing SWIFT messages
Easyway, and Gloss xp is preferred
Skills
* Settlement
* Fixed Income
* Equities
* Euroclear
* Swift
* Payments
* Reconciliations
* Repo
* Neolink
* Gloss
Job Title: Securities Settlement Contractor
Location: London, UK
Rate/Salary: 450.00 GBP Daily
Job Type: Contract
Trading as TEKsystems. Allegis Group Limited, Bracknell, RG12 1RT, United Kingdom. No Allegis Group Limited operates as an Employment Business and Employment Agency as set out in the Conduct of Employment Agencies and Employment Businesses Regulations 2003. TEKsystems is a company within the Allegis Group network of companies (collectively referred to as "Allegis Group"). Aerotek, Aston Carter, EASi, Talentis Solutions, TEKsystems, Stamford Consultants and The Stamford Group are Allegis Group brands. If you apply, your personal data will be processed as described in the Allegis Group Online Privacy Notice available at our website.
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