Privalgo
Operations & Settlements Administrator
Get notified of more jobs like this · No spam, ever
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Being an Operations & Settlements Administrator at Privalgo
As an Operations & Settlements Administrator at Privalgo, you will play a crucial role in ensuring the seamless delivery of foreign exchange transactions from end to end from trade execution and treasury administration through to settlement, reconciliation, and payment.
You will be at the heart of Privalgo's FX operations, working closely with our Front of House, Finance, and Compliance teams, and handling client and counterparty interactions with confidence.
Your attention to detail and commitment to accuracy will be instrumental to trade placements and the smooth operations of our settlements. You will help manage Privalgo's liquidity and mitigate currency risk, while your proactive approach to problem-solving will help resolve queries efficiently.
You will be instrumental in upholding compliance with AML regulations and internal policies, contributing to the overall effectiveness and reliability of our operations for Privalgo Limited and Privalgo Markets Limited. You will remain curious with a strong analytical mindset, looking to automate and innovate processes where possible. You'll have the confidence to work independently but also be a committed team player, always ready to roll your sleeves up and get stuck in to meet deliverables with speed and efficiency.
Lastly, we want you to get to know the three pillars of our culture: ambition, accountability, and impact to live and breathe it, and to help shape and define them as we grow.
Key Objectives and Initiatives
FX Transactions & Trade Execution
- Execution of Trades: Execute and book FX trades with counterparties, including spot, forward, and derivatives markets.
- Forward Deal Placement: Maintain a solid understanding of forward deal placements, with accuracy in when to book a trade.
Settlements & Payment Transactions
- Daily Settlements: Ensure smooth and timely daily settlements for our clients and counterparties.
- Payment Batches: Check and authorize payment batches accurately and on time.
- Compliance: Comply with AML regulations and internal policies and procedures across all transactions.
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Daily Reconciliation & Fund Matching
- Reconciliations: Take ownership of daily bank reconciliations and the matching of incoming funds, including reconciliation of forward positions and margin positions.
- Safeguarding: Prepare the internal safeguarding report for sign-off.
- Investigations: Own investigations and collaborate across departments to resolve any accounting mismatches.
Liquidity & Collateral Management
- Manage Collateral: Stay knowledgeable of the position of trades with counterparties and the overall forward position of each counterparty, ensuring sufficient collateral is held at all counterparties to allow execution of expected trades.
- Incoming Funds: Manage incoming funds and continually increase the efficiency of how they are processed.
Currency Risk Management
- Identify Exposure: Assess and monitor exposure to currency fluctuations, including transactional, translational, and economic exposure.
- Analyse market data and trends to inform strategy and decision-making, and monitor market conditions and geopolitical events that could impact currency values.
Stakeholder Communication & Collaboration
- Clients and Counterparties: Liaise with banks, counterparties, and clients where necessary, dealing efficiently with client and payment queries using a solutions-based approach.
- Relationship Management: Build and maintain strong relationships with banks, counterparties, and financial institutions to secure favorable terms and facilitate efficient FX transactions.
- External Stakeholders: Present financial information to external stakeholders such as auditors, banks, and regulators, keeping them abreast of Privalgo's FX activities and policies.
- Cross-functional Collaboration: Build rapport with Front of House and work with Finance, Compliance, and Operations to ensure alignment on FX activities and optimize the effectiveness of FX operations.
Get help with your application
Your very own career expert that helps elevate your application to the next level.
Process Improvement
- Systems and Automation: Utilise treasury management systems (TMS) and other financial software to automate and streamline FX, settlement, and reconciliation processes.
- Continuously learn and confidently apply market terminology.
Required Skills & Experience
- 2+ years' experience within a settlements, payments, trade execution, or treasury role.
- Experience within financial services or the foreign exchange industry preferred.
- Bachelor's degree in Finance, Accounting, Economics, or a related field is desired.
- Excellent numerical and analytical skills. A problem solver who presents effective solutions through informed decisions.
- Technical ability across several platforms and applications (MS Office, MS tech stack, Super D, bank/broker platforms, and all internal platforms).
- Customer service oriented, with experience working with external clients.
You
- A collaborative team player, confident working cross-functionally with other departments.
- Able to prioritize tasks and organize your workload against deadlines. The pace at Privalgo is fast!
- Detail-oriented. Consistently applies accuracy and attention to detail to any task at hand.
- An excellent communicator with a professional demeanor, both written and verbal.
- Personable, with a natural ability to build rapport and establish relationships.
- Curious - we are a forward-thinking company and want you to grow with us!
- Innovative - you present ideas and solutions with confidence in the pursuit of what's right for Privalgo.
- Embraces Privalgo's culture, displaying ambition, staying accountable, and making an impact!
- Lastly, we want you to be your authentic self and have fun along the way.
The Hybrid Life
As a business, we aim to be in the office together three times a week. It's great for us to be united, bond, and have fun whilst we work hard and show what we're made of. Working hours will be 8:00 am - 5:00 pm.
We trust you to manage your week and stay responsible for your deliverables no matter where you are.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London