Senior Settlements Administrator

**Details**:
**Reference number**:

- 421719

**Salary**:

- £55,000 - £65,000
- A Civil Service Pension with an employer contribution of 28.97%

GBP

**Job grade**:

- Other

**Contract type**:

- Fixed term

**Length of employment**:

- 12 Months

**Business area**:

- DMO - Settlements - The Settlements team is at the heart of DMO and ensure of all tasks are carried out promptly and efficiently on a daily basis.

**Type of role**:

- Debt Management

**Working pattern**:

- Full-time

**Number of jobs available**:

- 1

**Contents**:

- Location
- About the job
- Benefits
- Things you need to know

**Location**:

- London

**About the job**:
**Job summary**:
The DMO is an Executive Agency of HM Treasury. We are responsible for debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds.

The role is a one-year Contract for ‘Senior Administrator’ role working within the settlements team, which is an operational team within the DMO. The role is full time and requires a diverse knowledge of the settlement of various market products such as gilts, European Govt Bonds, Money Market instruments, coupon and collateral management.

The Settlements team is at the heart of DMO and ensure of all tasks are carried out promptly and efficiently on a daily basis. The team consists of 7 full time employees with a Head and Deputy Head of Settlements. The work within the team is dispersed fairly and each member of the team are aware of the deadlines within their role. Cross training is done on a regular basis to encourage cross training and cover for annual leave the roles are changed around on a regular basis. The settlements team have a good work life balance, and we ensure that no one individual is overburdened and encourage staff to flag if they are feeling stressed or pressurised.

**Job description**:

- Gilt/Repo settlements processing - all transactions are settled accurately, securely and on time and any issues with banks and counterparties are promptly resolved.
- Payment processing - all receipts and payments are processed accurately, securely and on time and any issues with banks and counterparties are promptly resolved.
- European Govt Bond processing - all transactions are settled accurately, securely and on time and any issues with banks and counterparties are promptly resolved.
- FX Swap processing - all receipts and payments are processed accurately, securely and on time and any issues with banks and counterparties are promptly resolved.
- Processing trades through Easyway - all transactions are matched accurately, securely and on time and any issues with banks and counterparties are promptly resolved.
- Monitoring settlements through CREST- all transactions are matched and settled accurately, securely and on time and any issues with banks and counterparties are promptly resolved (CREST experience is crucial for this role).
- Collateral Management processing - all transactions are settled accurately, securely and on time and any issues with banks and counterparties are promptly resolved.
- Coupon - all coupons are reconciled on T+1 (on Ex-div date) and receive on settlements date.

Accountabilities
- Ensure all transactions are settled to the highest market standards of quality and timeliness.
- Ensure that all transactions are managed in a controlled way and properly reconciled to the highest market standards.
- Accurately process financial activity
- Transacting money market deposits and commercial paper processes
- Transacting Easyway matching and Cut off deadlines (Euroclear)
- Experience of using Swift process and messaging
- Ensure collateral management exposures are within limits and breaches are addressed and escalated quickly.
- Proactively look for opportunities to enhance processes and reduce risk within the settlements trade flow.
- Contribute your experience on Settlements-related matters to relevant strategic issues across the DMO.
- Ensure cash and security level approvals are performed accurately and end of day reconciliations are in line.
- Ensure Operational Risk is escalated quickly to the Head of Settlements.
- Excellent written and verbal communication skills with the ability to present information to a range of audiences. Ensure communications with internal and external stakeholders are professional in nature and in line with DMO’s code of conduct.

**Person specification**:
Person Specification

Essential
- Knowledge of how GILTs (cash and repo products) operate in the market alongside money market instruments such as deposits, loans and commercial paper
- Competency of using SWIFT process and messaging
- Proficient in MS Office with experience of using Excel to analyse data and produce reports, as well as PowerPoint for presentations.
- Has the ability to plan organise and work well under pressure - managing conflicting demands effectively. Strong time management skills with the ability to prioritise tasks effectively and ad