Derivative Settlements Clerk
at Robert Half International UK

Date Posted: 03/10/2019

Job Description

Ref ID:  451864-UKen


Robert Half Financial services are currently hiring a Operations Specialist to join a boutique West End based Asset Management firm. Our client is going through a period of growth which means that they need to add an extra headcount to their Operations team.

The role is a front-to-back Operations position, supporting asset management side of the business. The role is working within a small team and is varied. Must have a background in Settlements, ideally Treasury and Settlements.

Our client is looking for someone with a minimum of 2 years relevant Operations experience, gained within an Asset Manager.

Responsibilities include:

  • Ideally, familiarity with derivatives covering OTC Call/ Put Equity/ Currency/ options, Index options, Futures trades including margining.
  • Processing, controlling, confirming and settling the companys and client's transactions to a high quality standard.
  • Booking FX trades.
  • Corporate action processing.
  • Cash and Stock reconciliations.
  • Documenting process flows and creating procedure manuals for the functions performed.
  • Assist in the preparation of client reports, files and documentation gathering for reporting and compliance purpose
  • Setting up cash instructions or releasing cash payments using custodians ensuring appropriate documentation contains necessary authorisation
  • Day to day responsibility for managing any trade fails and cash breaks as well as processing and managing daily equity trade flows
  • Ensure trades are settled in a timely manner and escalate where appropriate
  • Ideally, familiarity with derivatives covering OTC Call/ Put Equity/ Currency/ options, Index options, Futures trades including margining
  • Must have strong FX knowledge and experience
  • Understanding and processing of Corporate Action/ Corporate Governance notifications
  • Liaise with Custodian to rectify any cash movement issues
  • Monthly stock reconciliations
  • Weekly cash flow forecast reporting
  • Daily cash management
  • Assist wider finance team

Skills/Attributes Required

  • Must have thorough understanding of Global Equity Settlements in preferably all for the following markets: US, Europe, Asia, Brazil & UK
  • Forward and spot FX settlement experience
  • Excellent attention to detail is a must for this role and well organised
  • Experience of/exposure to investments, with a strong interest in developing that knowledge
  • Have strong Excel skills, ability to use v-lookup/ Pivot tables
  • Good communicator who raises issues promptly to the team

Salary - Paying 40k - 53k

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