Senior Settlements Manager – EMEA
Belfast, Ireland
1d ago

VANRATH are actively recruiting for a commercially astute EMEA Payroll Manager on behalf of a market leading global organisation.

Reporting to the Head of Operations the Senior Settlements Manager will initially be responsible for leading the setup and mentoring of a new function in Belfast then subsequently working with colleagues in London on a knowledge transfer and service migration.

Once this initial phase is complete the Manager will then be responsible for the delivery of Business as Usual activities

Key Responsibilities :

  • Responsible for the daily management of the EMEA Settlements Team
  • Particular emphasis is on the prompt confirmation of the trades and efficient settlement of trades through domestic and international settlement agents, as well as FX products cleared via prime brokers.
  • Particular focus is on the delivery of timely and accurate information of counter parties and settlement agents whilst maintaining a controlled and efficient environment.
  • Maintain strong relationships with the business, technology, other corporate services and external provider
  • Managing, motivating and developing staff in the EMEA Settlements Department
  • Escalation point for all Settlement issues
  • To be a key member of the Operations Management team, in EMEA
  • Maintaining strong professional relationships with all settlement agents
  • Building / maintaining strong relationships with Risk Management, Technology and Broker Management
  • Ensuring that business processes / systems are monitored and reviewed regularly
  • Understanding the departments defined Business Continuity Plans and regularly testing them
  • Producing management information (MI) on KPIs e.g. failed trades, late settlements, trade numbers and ensuring appropriate action is taken to address underlying issues and opportunities identified
  • Maintaining a strong control environment with particular emphasis on the completion of all reconciliations and the maintenance of a high standard of data integrity
  • Monitoring any open trades and escalate any concerns to Business Heads, Senior Management and Risk on a timely basis
  • Ensuring compliance with all reporting requirements to external bodies including transaction reporting for regulatory purposes
  • Ensuring the department remain up-to-date and in compliance with all FCA regulations and requirements affecting the Settlements Department
  • Approving Swift payments and agent bank electronic communications
  • Contact for both Internal and External Audit
  • The Ideal Person :

  • Must be legally eligible to work in the UK
  • Deep financial services operations knowledge and experience
  • Strong, demonstrable experience of effectively managing a team within a capital markets or financial services operations environment
  • Strong proven experience in the management of a multiple teams that operates under pressure
  • Experienced in building and establishing teams, and through mentoring, empowering team members to achieve and deliver against evolving goals
  • Proven experience in identifying, implementing and ensuring successful process improvements
  • Remuneration :

    The salary will be tailored to attract the strongest candidate in the market.

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