My client, a leading international bank, is looking for an Operations Associate / Transaction Support Specialist based in London. This person will assist in the administration, confirmation, settlement and reconciliations of international counterparty transactions across FX, Bond, Repo, derivative and money market products by leveraging 3rd party platforms and processes.
Role responsibilities
* Display accuracy and attention to detail in ensuring settlements are correctly processed in line with minimum standards.
* Monitor system alerts to confirm that settlements occurred successfully.
* Comply with and adhere to identified governance and compliance standards and escalate problems for investigation and resolution
* Ensure adherence to the established procedures, ensures accuracy and validity of all details of each trade transaction executed by a trader.
* Facilitate timely and accurate communication/notification of trades to the relevant parties.
* Investigate and resolve any discrepancies in transaction or account balances.
* Collaborate with internal and external stakeholders to clear reconciling items in a timely manner.
* Perform various daily reconciliation’s and investigate reconciliation breaks.
* Responsible to reconcile positions daily and follow-up with Front Office if there are any issues.
* Understand process flows in order to identify which systems are causing mismatches and propose possible solutions.
* Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity.
* Establish relationships with relevant individuals and departments to deliver on work expectations.
* Adhere to relevant service level agreements to build trust in the relationship.
* Partner and collaborate with team members to achieve team success.
Skills required
* Bachelor’s degree in finance or a related Commercial discipline
* Must have extensive Euroclear matching and settlement knowledge
* Extensive Nostro reconciliation knowledge with demonstrable experience in clearing Nostro Breaks.
* Experience working on Murex
* Practical experience in confirming and settling in Euroclear, DTC bridge-settlement via Euroclear, Fed-Wire and ClearStream, including bond conversions.
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