FIC Settlements Analyst

at  ICBC Standard Bank

The primary purpose of this role is within the Transactional Support Services (TSS) 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-today activities related to Settlements & providing Transactional Support Services across products.

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.
• Provide the highest level of client service when dealing with both internal and external clients of the bank.

What you’ll need to be successful

• 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.
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

• 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.
• Provide the highest level of client service when dealing with both internal and external clients of the bank