Clearing Settlement Specialist

2 weeks ago


London, Greater London, United Kingdom People First Full time
Job Title: Clearing Settlement Administrator - Banking

Ref: 22598

We are seeking a highly skilled Clearing Settlement Administrator to join our team in Banking. The ideal candidate will have experience in payment/clearing processes, trade services, and SWIFT within the banking industry.

Key Responsibilities:

  • Process correspondence payment instructions from internal and external clients, including agent banks in SCMS.
  • Apply knowledge of Faster Payment, CHAPS, SWIFT MT format messages, and ISO20022 SWIFT XML format messages when processing payment instructions in SCMS and FOVA.
  • Monitor outstanding payment items and follow up with the FCP compliance team on outstanding investigations.
  • Perform Vostro accounts opening and closing in system.
  • Input accounting journal entries, including interest, fees, and charges in FOVA.
  • Maintain and report daily Nostro positions to the Funds Position Keeper.
  • Ensure vigilance regarding AML rules and procedures during routine working, including CDD and AML checking in trade services and other product lines as required by the Bank's policy.
  • Keep all AML check evidence for audit trail purposes and report/escalate to the MLRO for potential positive hits or suspicious transactions in accordance with the Bank's AML policy.
  • Conduct daily basic CASS review operations in accordance with established policies.

Requirements:

  • Payment/clearing process, trade services, and SWIFT experiences within banking.
  • Previous experience with client transactions and Mastercard/Visa payments.
  • Previous experience monitoring fund movements and updating positions for both incoming and outgoing payments.
  • Previous experience dealing with internal Compliance enquiries and queries.
  • Good Microsoft Office skills.

Working Conditions:

Permanent position, fully office-based, with flexible working hours when necessary.

Please send your CV as a Word document. We regret that due to the high volume of applications, we cannot provide feedback on individual CVs. We can only consider candidates who are eligible to work in the UK and can provide relevant supporting documentation.

People First is committed to increasing diversity and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status, or whether or not they have a disability.



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