2 – 3 Months Temp – Settlements Officer – Bank

Responsibilities

• Ensure/assist settlement of all transactions emanating from the dealing room or other parts of the Group in regards to processing and validation.
• These transactions are to be settled in an accurate and timely manner, whilst adhering to the required segregation of duties and verification controls that are in place within the department at all times.
• Ensure all transactions that require interest payment/collection or settlement, are dealt with in an accurate and timely basis, managing issues as and when they arise.
• Examine funds received on behalf of parts of the Group via custodians and local banks for validity/accuracy in terms of issue date, payment date and amount due
• Handle the preparation, settlement, investigation and reporting cycle relating to transactions emanating from our non-Treasury SBUs. Close liaison with the Relationship Managers and the Customer Services function are a pre requisite
• Manage functionality of the bank’s core Settlement systems and match/reconcile confirmations as and when required
• Manage daily report production and ensure all transactions have been settled correctly
• Manage daily and monthly procedures including reconciliation of holding statements from Custodian/NOSTRO Agent vs. the Banks internal systems
• Investigate, advise/escalate (where appropriate) and resolve any FX&MM Related Product discrepancies in a timely manner, ensuring Management are aware of issues
• Maintain a good working relationship with Product Control, Dealers, Private Banking and External counterparts
• Work in conjunction with the Securities and Investment Product Technical Specialists to ably assist in the full settlement of transactions emanating from that business stream

Capabilities

• The incumbent will have the necessary technical knowledge to process Settlement across all product areas. Assisting implementation of Settlement and management of new products is a key part of the role and the individual is therefore required to work closely with the ‘technical experts’ in the particular field of business.
• The individual must possess/display a sound knowledge of Treasury Back Office Operations and the ability to liaise with Senior Management at all levels.