Settlement Operations Job Description

Settlement Operations Job Description

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Settlement operations provides support in maintaining existing MS Access databases, troubleshooting problems with existing MS Access reports and developing new reports from the databases.

Settlement Operations Duties & Responsibilities

To write an effective settlement operations job description, begin by listing detailed duties, responsibilities and expectations. We have included settlement operations job description templates that you can modify and use.

Sample responsibilities for this position include:

Analyse and resolve exceptions, evaluate and escalate risk items to management and Business partners
Make suggestions for the improvement of settlement efficiency and control
Work on strategic and tactical projects with other Operations teams, Technology and our Business partners
Responsible for Settlements that are made across the Physical European Product Commodities Suite (Power & Gas)
Desk coverage is 8am - 6pm
Ability to work a rotating (every 2-4 weeks) shift required
Required to master the complexities of many fixed income, derivative, and cash products gain a solid understanding of the business model and infrastructure
Ability to work a rotating (potentially every 2-4 weeks) shift required
Partner with Technology and Business stakeholders to troubleshoot and resolve complex trading issues
Provide hotline trading system support to PWM Sales Teams

Settlement Operations Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Settlement Operations

List any licenses or certifications required by the position: QBO, QCS, EUREX, MBTA

Education for Settlement Operations

Typically a job would require a certain level of education.

Employers hiring for the settlement operations job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Business, Accounting, Economics, Education, Business/Administration, Associates, Graduate, Communication, MBA

Skills for Settlement Operations

Desired skills for settlement operations include:

Accounting principles
MS Office
SQL
Treasury operations
Bloomberg AIM would be considered an asset
Data queries
Desk top computer software systems
MS Access
Omgeo
Payment card industry

Desired experience for settlement operations includes:

Understanding of financial markets and securities
Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word, proficiency with web-based applications
Depending on the team, may require a different skill set based on the functions of the desk
Perform daily controls and reconciliation functions for all HK/SZ/SH/Mauritius trades
Build and maintain strong working relationships with all teams and be an expert on Cash Equity Reconciliations and Controls
Handle adhoc and drive projects for the team

Settlement Operations Examples

1

Settlement Operations Job Description

Job Description Example
Our growing company is looking to fill the role of settlement operations. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for settlement operations
  • Resolving any outstanding breaks in the Nostro accounts
  • Economic affirmation, chasing and drafting of trade contracts
  • Ensuring that any issues are escalated to the team leader within an appropriate time frame
  • Engagement with the wider DPC people agenda and initiatives
  • Identifying and participating in a range of professional and personal self development trainings and courses
  • Manage and control of the digital workflow for FundSettle, ensuring the accurate tracking and settlement of client instructions within defined service level agreements
  • Manage and control the monitoring of all outstanding trades and ensure chasing is completed for settlement details when required
  • Review the daily stock rec and ensure the team have actioned daily and provided feedback
  • Manage and control all incoming queries providing a holding response within 2 hours and completion within 4 hours
  • Maintain retrocession database and completed all queries raised
Qualifications for settlement operations
  • Manage available team resources to assist and support settlement operations
  • Assist with the control of the completion of Hedge Fund and non FundSettle documentation of client instructions within defined service level agreements
  • Assist with the control of the acknowledgement process ensuring we maintain defined service level agreements
  • Assist with the digital workflow for Regent Funds, ensuring the accurate tracking and settlement of client instructions within defined service level agreements
  • Should posses proven securities industry experience, together with a good understanding of other operational areas
  • Identifying and investigating any root causes
2

Settlement Operations Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of settlement operations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for settlement operations
  • Responsible for the active chasing of Brokers/Counterparties for future and failing trades
  • Settlement on all European Markets, US ones
  • Provide due diligence on all downstream systems for US supported exchanges to ensure proper trade capture
  • Research and resolve issues and inquires regarding exchange or bank regulatory rules, requirements, functionality
  • Work with Compliance on internal department audits provide documentation in relation to any enquiry requested by Regulatory, Financial, or Exchange personnel
  • Manage and execute assigned projects and initiatives and ensure successful implementation within the given timeline
  • Responsible for the performance and career development of team members
  • Monitoring and assistance with the daily settlement process for trades settling in the domestic market in Euroclear
  • Investigating and solving all queries reported by the settlement agent
  • Calculation of daily settlement funding requirement for equities and fixed income
Qualifications for settlement operations
  • Knowledge of transactional, balancing and settlement processes
  • Able to understand end-to-end transactional process flows ·
  • Considerable knowledge of banking functions and/or card processing
  • Execute the daily settlement operation process for all service cut-offs
  • Capability to prioritize
  • Japanese language skills are essential in order to service this mainly Japanese client base
3

Settlement Operations Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of settlement operations. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for settlement operations
  • Preparation and processing of journals
  • Processing of cash payments on PRPC
  • Daily reconciliation of bank accounts and other general Nostro administration functions
  • Calculation of daily securities lending margin requirement
  • Calculation of collateral and reporting of payments and receivables to securities lending desks
  • Reconciliation of all open positions on loan book to BDA
  • Confirmation of daily collateral cash movements with lenders
  • Updating the daily Key Risk Indicators (KRI'S)
  • Assisting with the reconciliation of lender's billing fees and interest calculations
  • Assistance with the substantiation and reconciliation of the JSE monthly invoice
Qualifications for settlement operations
  • Assistance with the substantiation and reconciliation of the monthly custody fees
  • Assistance with the monitoring and processing of corporate actions
  • Preparation and requisition of the Monthly STT calculation
  • Preparation of the monthly GLRS substantiation and reconciliation of Balance Sheet and Income Statement accounts
  • Form part of the end of day team responsible for the accurate equity client trade allocation process
  • Qualified JSE Settlement Officer essential
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Settlement Operations Job Description

Job Description Example
Our company is growing rapidly and is hiring for a settlement operations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for settlement operations
  • Working closely with management on projects and process improvements
  • Providing performance reviews and recognizing processes in need of changes
  • Ensuring all goals are met by utilizing trending tools and scheduling your staff accordingly
  • Handle the equity and fixed income settlements in local market cash payments
  • Resolving any outstanding breaks in the Nostro accounts, identifying trends and putting in place corrective actions
  • Analyze, identify, and correct data quality issues within our Energy, Customer, and Financial platforms (EnerNOC application and CRM tools)
  • Develop a deep understanding of load meters, generators, and their typical performance profiles
  • Transform and format utility data for comparison to EnerNOC platform data
  • Prepare and verify data for insert into the application or submission to utilities/ISOs
  • Track work via cases in CRM tools
Qualifications for settlement operations
  • Working with stakeholders, including middle/front office, technology, senior management to ensure project deliverables are met and settlement team is up to date with all market and internal related enhancement
  • Daily reconciliations of stock and cash breaks with a high attention to detail to ensure all client asset/money is correctly segregated
  • Exhibit effective communication with key stakeholders, including escalation to management
  • Able to multitask under time pressure without compromising accuracy
  • Five years minimum experience working in a banking back office role with experience in Broking settlements preferred
  • Experience in management, with evidence of a strong leadership history
5

Settlement Operations Job Description

Job Description Example
Our growing company is hiring for a settlement operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for settlement operations
  • Perform and present in-depth analysis of data quality issues and trends and recommend improvements to processes or tools
  • Provide status updates to DR Settlement team regarding progress and potential roadblocks
  • Respond to/and or escalate customer questions about data quality and Demand Response performance
  • Responsible for daily processing/monitoring of stock plan automated and manual
  • Corporate payments
  • New Client Account Opening
  • Trade allocation and confirmation
  • Reconciliation of exchange reports
  • Settlement of Stocks and Funds on Settlement Date
  • Defines and implements new balancing processes as needed
Qualifications for settlement operations
  • Experience in presenting and dealing with senior stakeholders and working in project deliverables
  • Evidence of working in a control oriented environment
  • Ability to pick up new processes and evidence of improving processing efficiency and risk minimization
  • Strong skills set in Microsoft Office application, especially in Microsoft Excel
  • 5 years or above (at least 3 years at officer level) relevant experience on Bonds & Agency Settlement
  • Able to deal with multiple tasks under pressure

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