ICBC Standard Bank Plc
FIC Securities Settlements Senior Analyst
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FIC Securities Settlements Senior Analyst The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records. Operations are also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally.
The primary purpose of this role is within the Settlements function as part of the FIC Settlements team.
The FIC Settlements team is part of FIC & Banking Operations and is responsible for managing the day-to-day activities related to Settlements & providing Transactional Support Services across products.
The team is made up of two functions:
FIC Securities Settlements Security processing (confirmations & settlements) Custody Exception & Fails management Reconciliation Asset Servicing Issuance
FIC Cash Settlements FX processing (confirmations & settlements) Money Market and OTC derivative (un-cleared) settlements Loans processing. Exception & Fails management Confirmations Reconciliation
There is on occasion a requirement for New York hours on-call coverage which is performed by the London-based FIC Settlements team.
What you’ll be doing Review and action all intraday exception queues. Prioritize exceptions by the currency/market deadline and value date. Liaise with counterparties for any un-confirmed/un-affirmed trade instructions; escalate to the Business as required. Perform a safe settlement process for specific counterparties if requested by business and approved by Operations senior management and the Credit Department. Ensure that all new or amended client standard settlement instructions (“SSIs”) have been validated in line with the Operations Control Framework before instructions are released. Perform a daily reconciliation of all outstanding cash exceptions and provide full narration detailing the reason for the exception. Follow up with counterparties for any failed trades. Build and maintain relationships with key stakeholders including the Business and the Risk, HR, IT, Compliance, Legal and Internal Audit departments. Provide the highest level of client service when dealing with both internal and external clients of the bank. Report all risk incidents and/or client dissatisfaction to Operations Control within 48 hours of identification. Where necessary assist Operations Control with the investigation of these incidents. Challenge current processes and procedures to ensure they are fully optimized by proactively reviewing processes within the team for streamlining and enhancements Take part in and provide cross training across the team to ensure full coverage. Ensure that procedures relevant to the role are kept up-to-date and recorded in the relevant share drive. Adhere to the Operations Control Operating Model. Provide daily MI reporting as agreed with senior management and Operations Control. Ensure that procedures relevant to the role are kept up-to-date and recorded in the relevant share drive. As required, participate in end user project work through ongoing tactical and strategic change initiatives
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What you’ll need to be successful We’re looking for the following skills and experience. If you don’t have all of these but think you could be a good fit for the role, get in touch. Good settlement knowledge across Securities, FX, Money markets & OTC derivatives. Understanding of FCA rules and regulations or equivalent Understanding of risk and control Knowledge of emerging markets Excel skills
Why should you join us? ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.
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We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.
Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.
We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.
What’s in it for you?
Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance. Hybrid working – the option to work remotely up to two days per week, depending on the role. Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies. Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme. Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners. Development – a suite of opportunities to build the skills you need to excel in your role
If you’re excited about becoming part of our team, get in touch. We’d love to hear from you!
ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.
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