Settlements Associate

Job Description JOB DESCRIPTION Job Title Associate Global Equity Finance Date Written 2025 Grade 6 Immediate Managers Job Title Associate Director Global Equity Finance (London UK) Next Level Managers Job Title MD of Derivative and Equity Operations (Toronto Ontario) Corporate Title Banking Group CMIO Department CMIO Employing Company London Branch Location London UK Immediate Managers Location London UK Capital Markets Ltd Regulatory Status (completed by HR) SMR MRE (UK & Ireland) Certified Approved Conduct Rules No Status To be completed by Job Evaluation Date Evaluated Evaluated Grade : Job Code : Mandate The role involves managing collateral within the Global Equity Finance team. This covers multiple books including BMO Capital Markets Limited, Bank of Montreal Europe plc and BMO London branch. The main goal is to ensure that collateral obligations are met daily in the most efficient manner and that exposure is managed within the risk parameters defined by the bank. Clear communication with the trading desk clients and other areas within the group is also a key part of the job. Products covered include Equities, ADRs, ETFs, FX, Swaps as examples. Knowledge and Skills Undergraduate degree in finance, accounting, economics or numerate subject. Minimum 3-5 years relevant product related experience. Solid business knowledge in the Finance / Banking industry. Knowledge of trade matching, collateral management and repos. Triparty knowledge is required. Broad Market knowledge across Europe including Spain, South Africa, Canada, U.S. and some Asian / Pacific markets. Review and resolve stock and cash reconciliation items daily. Knowledge of Trade Matching, Settlement and Fails process. Payment knowledge desirable such as the SWIFT network and own account funding. Gloss / Global One / NEOLINK / HSBC cash / CITBANK / CREST system knowledge desirable. Knowledge of equity finance transactions is required. Experience in Stock borrowing is advantageous. Understanding of regulations impacting the settlements area including client money CASS and CSDR desirable. Understand front to back transaction workflow and controls. Ability to communicate effectively with internal and external stakeholders at varying levels including sales desk and counterparties. Strong attention to detail and ability to work in a fast‑paced environment. Skills Strong attention to detail. Strong interpersonal skills. Good working knowledge of Excel. Analytical thinking and a problem solver. Solid writing and documentation skills. Communicates clearly and concisely with other banking groups and desks. Ability to work with developers and business analysts to build better systems and improve processes. Ability to work as part of a busy team and individually on specific tasks as required. Ability to assist the desk with position management roles (returns management and collateral cover etc.). Be able to troubleshoot issues relating to international settlements and cash management issues. Ability to identify, resolve and/or elevate problems. Key Accountabilities Manage collateral (triparty and bilateral) in a fluid environment. Manage cash payments and processing and provide funding assistance. Manage daily reconciliation tasks. Provide broad market knowledge. Authorities Advisory: Advise desk of progress with settlements and collateral requirements in relation to trading activity & limits (Pre‑pays, Conversions, FX and Trade). Auditing: Assist with audit requests where necessary. Issue Resolution: Problem solving as necessary for settlements, collateral and reconciliations. Coordinating with counterparties, trading desks and banking groups and the team to optimise workflow. Scope and Impact A successful candidate will be expected to work to maximise settlements and minimise unnecessary exposure to operational risk. Work with the team to ensure that cover is always provided where required and contribute to the cohesive nature of the team. Cross Functional Relationships Work with FX and Money markets where required. Liaise with groups in Australia, the USA and Canada. Work with other infrastructure groups such as onboarding, Finance Operations, Compliance and Risk. Work with GMO and the trading desk to ensure complicated products are well serviced. Working Conditions This role operates within an office or remote (work from home) environment (Hybrid) with minimal exposure to discomfort or risk of ill health. MREs or Material Risk Employees also termed Material Employees or Code Staff are categories of employees whose roles either individually or collectively have been assessed as being responsible for the management or control of material risks. National regulators require specific identification and governance processes to be applied to these categories of employees whose roles impact the risk profile of the organisation. Required Experience IC Key Skills Administrative Skills Accounting Software Time Management Financial Services External Trade Bank Procedures Custodial Accounts Home Loan Process Communications International Trade Account Management Accounts and Finance Markitwire Money Market Trade Settlements Employment Type Full‑Time Experience years Vacancy 1 #J-18808-Ljbffr