Settlements Administrator

  • Location

    City of London, London

  • Sector:

    Financial Services, Financial Planning , Wealth Management

  • Job type:

    Permanent

  • Salary:

    £30000 - £35000 per annum + Bonus & Benefits

  • Contact:

    Benjamin Holmes

  • Contact email:

    bholmes@mbfitzgerald.co.uk

  • Job ref:

    BBBH2378_1582038204

  • Published:

    7 months ago

  • Expiry date:

    2020-03-19

  • Consultant:

    #

MB Fitzgerald is currently working with a highly regarded Investment Manager to recruit for a Settlement Asset Administrator to join their Investment Management division based in London (close to London Bridge).

This role will be on a fixed term contract until July 30th or can be an ongoing temp role if the individual prefers.

Candidates will ideally have crest experience, although this isn't essential.

Role Responsibilities

  • All aspects of asset servicing administration are completed correctly, efficiently and in line with all regulatory guidelines and internal service standards, for all parts of the business.
  • All daily processing of transactions conducted in a timely, effective and accurate manner within agreed KPI's and specified processes including: trade matching and settlement of Equities, Unit Trusts, Fixed Income, Derivatives, cash and foreign exchange transactions and processing all associated contract notes/trade confirmations, both broker and client confirmations.
  • Arranging and Instructing stock transfers for the business, both for equities and unit trusts and ensuring timely settlement.
  • Processing of trades performed by the stock broking desk, confirming trades with appointed counterparty and transaction reporting to the FCA. Performing monthly broker commission rec and providing statements to stakeholders.
  • Daily and Monthly Stock positions reconciliation performed in line with FCA CASS 6 rules and company procedures in timely and efficient manner and stock breaks recorded, investigated thoroughly and satisfactorily resolved as required under CASS 6.
  • Processing management and IFA fees in line with Company Procedures and CASS 6 rules.

Skills Required

  • Preferably two years' industry experience.
  • Possesses a sound knowledge of global trade settlement practices and processes from order initiation through to settlement.
  • Has knowledge of asset reconciliations and good awareness of FCA CASS rules.
  • High attention to detail .
  • Good knowledge and proficiency in CREST and other third party custodial systems.
  • Demonstrates a high level of organisational ability.