Clearing Settlement Administrator

Ref: 22598

Job Title: Clearing Settlement Administrator - Banking

The Skills You'll Need: English fluent.Payment/clearing process, trade services and SWIFT experiences within banking.

Your New Salary: Competitive Depending on experience

Fully Office Based

Perm

Start: ASAP

Reports to: Team Head

Clearing Settlement Administrator - What You'll be Doing Each Day:

• Process all correspondence payment instructions received from both internal and external clients of the Bank including agent banks in SCMS.
• Apply sound knowledge of Faster Payment, CHAPS, SWIFT MT format messages and ISO20022 SWIFT XML format messages when processing payment instruction in SCMS and FOVA.
• Actively monitor outstanding payment items and follow up with FCP compliance team on outstanding investigation. Engage and liaise with Nostro and Vostro Agent to address and resolve outstanding issues.
• Perform Vostro accounts opening and closing in system.
• Input accounting journal entries including interest, fees and charges in FOVA.
• Maintain and report daily Nostro positions to Funds Position Keeper.
• Remain vigilant regarding AML rules and procedures during routine working; all the CDD and AML checking in trade services and other product lines as required by the Bank’s policy.
• Keep all AML check evidence for audit trail purpose. Must report/escalate to MLRO for potential positive hit or suspicious transaction in accordance with the Bank’s AML policy.
• Conduct daily basic CASS review operation in accordance with established "policies’.

Clearing Settlement Administrator - The Skills You'll Need to Succeed:

• Payment/clearing process, trade services and SWIFT experiences within banking.
• Previously dealt with client transactions and any Mastercard/Visa payments.
• Previously monitored fund movements and update the position for both incoming and outgoing payments.
• Previously dealt with any internal Compliance enquiries and queries.
• Good Microsoft Office skills.

Job status: Permanent

Start date: ASAP

Working hours: 9 to 5 with flexibility when necessary.

Working style: Fully office based

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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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