Settlements Administrator

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
  

Requirements

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
  

Benefits

Renumeration

Salary 30,000 to 35,000 DOE plus benefits

Hybrid working