Settlements Administrator

2 weeks ago


London, United Kingdom Sophisticated Recruitment Full time

Sophisticated Recruitment are working with a well know investment manager who are seeking to recruit a Settlements Administrator on a permanent basis. Our client operate a hybrid working model with 2/3 days per week WFH.

**Aim & purpose of the role**
To be a primary point of contact for all aspects of transaction settlements and supporting Investment Managers/Assistants with all levels of queries

**Key accountabilities/responsibilities**
- CREST, Unit Trust ,CAD, Residual and International settlements
- Processing of Residual & physical settlements
- Unit Trust processing (electronic & physical)
- Daily reconciliation processing of Unit Trust transactions
- Legal documentation and probate processing
- Monitor firms outstanding open bought and sold positions
- Process Cross Border Movements between various markets
- Provide updates to, and resolve issues with Dealers with regards to new trades, new securities, trading locations, and Arbitrage
- Processing Overseas demats in preparation for Trade Settlement
- Check, liaise, and resolve issues with Registrars with regards to cross borders to and from the UK, Arbitrage, Client Stock Deposits, and all related queries
- Accurately record and provide regular Stats to Line Manager
- Drafting of departmental procedures and ongoing ownership of those procedures
- Challenge existing processes and recommend and implement changes, resulting in improving service quality, process efficiency and reduction in risk
- Participation in key departmental projects and undertake any additional Operational tasks when requested by the Line Manager/Senior Management

**Education/Experience**
- At least 2 years prior experience working for a Settlements department within an Investment Management Firm
- Knowledge of the following asset classes; Equity/Fixed Income/ETF/Investment Trusts

**Renumeration**

Salary £30,000 to £35,000 DOE plus benefits

Hybrid working

**Salary**: £30,000.00-£35,000.00 per year

**Benefits**:

- Private medical insurance
- Work from home

Schedule:

- Day shift
- Monday to Friday

Supplemental pay types:

- Bonus scheme

Application question(s):

- Are you located within the UK and able to commute to the offices in London?

Do you have atleast 2x years experience in settlements at an FCA regulated Financial Institution?

Work Location: Hybrid remote in London



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