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Settlements Specialist - Apply now

Salary: £38,000 - £45,000
Location: London
Type: Permanent

City based fund management business is seeking Fixed Income settlements specialist to join this upbeat and lively team. A hard working and well rewarded business that can offer a more work/life balance

Purpose of the Job

This role will be part of the Fixed Income Operations team based in London. The individual will work alongside 3 others. The person in this position will be responsible for supporting the Investment Grade, High Yield and Emerging Market desks. They will have at least 2-5 years Fixed Income experience with an emphasis on Settlements, in particular Emerging Markets. Experience of working in a Trade Support role is also an advantage as cover for this will be necessary at times. Knowledge of other Fixed Income products such as FX or OTC Derivates would be advantageous.

Key Job Responsibilities

  • Ensure the timely and efficient settlement of trades
  • Processing/amending/confirming trades in Aladdin and CTM
  • Liaising with Brokers and Custodians to ensure timely settlement of trades
  • Fails Management – Investigating and resolving queries to facilitate settlement
  • Reviewing and follow up on Broker and Custodian unmatched/fails reports
  • Maintaining and updating SSI’s on ALERT  
  • Allocation and confirmation of FX trades
  • Follow up with Brokers on FX trades
  • Assisting US team with DTC and FedWire trades
  • Ensure all trades are correctly booked in the system and recorded in the blotters
  • Close interaction with US Trade Operations and Product Support teams
  • Seasoned Asset Transfers
  • Investigate Interest Claims
  • Assist with Broker & Custodian feedback/meetings
  • Wide range of problem solving and issue resolution
  • Evaluating processes, suggesting improvements and implementing efficiencies

Essential Knowledge

  • A thorough understanding of all aspects of Bond settlements, including Euroclear, Clearstream, DTC, Fedwire, Cross border / Domestic
  • Emerging Market settlement knowledge 
  • Good experience of Omgeo CTM and manual allocations process 

Preferred Knowledge

  • Blackrock Aladdin system
  • Bloomberg
  • FX and Derivatives
  • Cash reconciliation process
  • Other Fixed Income products