Settlement Administrator-banking Department

3 weeks ago


City of London, United Kingdom People First Full time

**Ref 21811
Your New Job Title**: Settlement Administrator-Banking Department
**The Skills You Need**: Fluent in English, Must have experience within clearing and payment in banking
**Salary**: Competitive + Bonus + Benefits
**Reports to**:Team Head**
Location**: London

**Who You'll Be Working for**: an international bank

**What You Will Be Doing**:

- Process GBP, USD and CNY etc. Clearing for Head office and other correspondents.
- Process internal payments for invoices due.
- Monitor the account movement.
- Monitor Large Exposure and advice circulation to CMD, Treasury and Risk ALM
- Funds positioning.
- Process the Nostro transfer
- SSI Set up and parameter reviewing.
- Pass any journal entries and accruals in Fova
- Process any enquires received from our clients and/or agent banks.
- Q & A all correspondences to relevant bank relating to clearing payments
- Monthly Foreign Correspondent clearing bank report to head office.

OTHERS
- Cover trade services operation functions
- Maintenance of static data
- Maintenance of records filing
- Following up the system upgrading and development of new products
- An understanding of key roles and regulations governing CASS.
- Conduct daily basic CASS review operation in accordance with established "policies". Perform an assessment of whether the funds/credits relate to designated investment business on daily basis and document this. and report any breach of the banking exemptionto the compliance & legal department as well as the head of the department.

**What You Need to Succeed**:

- English fluent, Mandarin preferred but not essential
- International trade finance practice and transactions
- Experience within clearing and payment
- Transaction processing systems such as FOVA, Standard Clearing Management System, and Swift
- Some banking industry working experiences.
- Good Microsoft Office skills
- Good interpersonal skills with the ability to communicate with people of different departments
- The ability to prioritise tasks and delegate when necessary
- Accurate reporting skills

**Status**: Perm



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