Settlements Analyst
Investec
London
3d ago

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge : we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish.

We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance.

At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Description of role and key responsibilities

We are looking for an experienced payments analyst to contribute processing of payment tasks within our Settlements team.

As part of Treasury & Trading Operations, the Settlements team is currently comprised of 14 people who are responsible for the settlement of FX and Money Market Trades for Interbank and Corporate clients of Investec Bank plc, as well as providing payment services for all the divisions within the bank.

The primary responsibilities of this role are as follows :

Completion of day-to-day workflows and processes.

Entering of new / amended Settlement instructions into Calypso

Monitoring of bank accounts to ensure correct settlement is received in respect of client transactions, agreement, and clearance of payment queues within the relevant systems.

Payment authorisation - ensuring all payments are executed in an accurate and timely manner, paying particular attention to payment cut-off times, available liquidity and ensuring that any exceptions are processed as appropriate

Provide Front office with accurate start of day / intra-day transaction summaries to ensure client settlements are received and processed on the correct value dates.

Provide Front office support for all supported jurisdictions.

Liaising and engaging with Client Services to address any adverse client issues in a timely manner.

Review and resolution of any reconciliations breaks in a timely manner.

Close liaison with the Financial Crime Team to manage any queries arising from Sanctions checking.

Ensuring sound processes and procedures are diligently followed and are kept in line with changes and developments in Market Practice and Regulations.

Responsibility and ownership of tasks delegated from Head of Settlements

Completion of daily FX reconciliation with the Private Bank team

Ensuring STP exceptions are reviewed and resolved in a timely manner

Drive change and process improvements

Ad-hoc Settlements Tasks

Core skills and knowledge

  • To always act with integrity and embrace the philosophy of treating our customers fairly (compulsory)
  • Regulatory Knowledge as applicable to role (compulsory)
  • Excellent knowledge of all payment types and payment channels including Commercial and Faster payments.
  • Sound understanding of SWIFT standards, message types and payment formatting.
  • Excellent understanding of good Anti-Money Laundering controls and practice
  • Understanding of FX and MM Settlements, confirmation matching and reconciliations.
  • Understanding of Faster Payments, CHAPS, Direct Debits and International Payments
  • Core skills and knowledge

  • To always act with integrity and embrace the philosophy of treating our customers fairly (compulsory)
  • Regulatory Knowledge as applicable to role (compulsory)
  • Excellent knowledge of all payment types and payment channels including Commercial and Faster payments.
  • Sound understanding of SWIFT standards, message types and payment formatting.
  • Excellent understanding of good Anti-Money Laundering controls and practice
  • Understanding of FX and MM Settlements, confirmation matching and reconciliations.
  • Understanding of Faster Payments, CHAPS, Direct Debits and International Payments
  • Any other attributes that would be helpful, but not essential for the role.

    Accurate; Organised; Pro-active; Confident; Diligent; Good communication skills

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