Trade Settlement Specialist
3 weeks ago
In this role as a Trade Settlement Specialist at The Recruitment Council, you will play a vital part in assisting clients with trade matching and settlement. This position offers an excellent opportunity to grow within a thriving fund services environment.
Key Responsibilities:- Capture, process, match, and settle trades on the accounting system, including Equities, Fixed Income, Derivatives, Unit Trusts/CIS investments, Call Transfers, SWAPs, and FX deals.
- Prepare manual instructions for unlisted trade settlements when needed, such as Physical MM, Private Placements, Offshore investments, and Fund of Fund investments.
- Ensure trades are correctly matched between client notifications and counterparty confirmations.
- Reconcile broker/counterparty accounts and ensure trade details align with company records.
- Report and match Demat Money Market trades on Strate within required timeframes.
- Manage trade statuses and handle all associated requirements.
- Maintain accurate broker settlement and contact details, including brokerage rates.
- Monitor front office trades to ensure seamless STP settlement into the accounting system.
- Compile incident reports and assist in implementing and improving process controls.
- Address internal and external trade-related queries from brokers, clients, and custodians.
- Build strong relationships with clients and counterparties to resolve settlement issues.
- Handle ad-hoc tasks and contribute to projects, particularly in testing and implementing new solutions for trade processing automation.
- 2-3+ years of experience in a Settlements role within Fund Services, Investment, or Wealth Management.
- Comprehensive understanding of financial markets and instruments.
- Experience with both local and international markets is advantageous.
- Relevant tertiary qualification in Finance, Commerce, Investments, or Economics.
This position comes with an estimated salary of $60,000 - $80,000 per annum, depending on experience and qualifications.
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