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Settlements Administrator

£200 to £250 Per Day
Job Type
2 Sep 2022

Settlements Administrator - London (hybrid working)

This is a key role working within a busy Settlements Team within this interesting organisationThe role requires a diverse knowledge of the settlement of various market products such as gilts, European government bonds, money market instruments and collateral management.

The ideal candidate will have a diverse knowledge of the settlement of various market products such as gilts, European government bonds, money market instruments, collateral management and CREST reconciliation

The worker will be required to work at least 3 days per week in the London office and 2 days remotely Reporting to the Head of Settlements, the post holder will play an active role within the team in a timely and efficient manner to the highest possible standards. The key activities in this role include:

  • To provide operational support of day-to-day processing within the Settlements area with all operations to be processed accurately, securely and on time
  • Resolving any issues with banks and counterparties promptly
  • Processing Gilt Repo transactions
  • Processing Euro Government and FX transactions
  • Processing collateral management
  • Taking responsibility for trades settling through the ETCMS system
  • Ensuring all positions are fully collateralised on the GIMRA portfolio and ensuring any exposed positions are covered
  • Confirming trades with market counterparties on products such as repo plus Local Authority and MM deposits
  • Processing the daily Investment Management cash flows
  • Confirming daily transactions relating to the Cash Lending portfolio trades with the counterparty
  • Downloading and reconciling CREST positions
  • Processing trades through Easyway
  • Ensuring price feeds have fed correctly
  • Identifying areas of improvement where necessary


Minimum of 1 years' experience with Crest and exposure to the gilt markets. Experience of Easyway/Euroclear settlement in relation to European Government Bonds. Experience of Collateral Management processing Experience of dealing with market participants and demonstrating good communication skills Experience of clearing FX Swaps Experience of CREST reconciliation


Demonstrable knowledge of settlements processes within the UK Gilt and T Bill markets

Demonstrable knowledge of processing Money Market trades such as deposits, loans and CP's


  • Strong commitment to providing a quality service throughout business operating hours and out of core hours;
  • Strong inter-personal skills with the ability to communicate effectively at all levels (both verbally and in writing);
  • Proven planning and organisational skills;
  • Ability to multi-task, and deliver work to a high standard;
  • Good team player, with positive attitude to work;
  • Highly structured, organised and meticulous approach to work with a keen eye for detail;
  • Ability to work under pressure, sometimes to very tight deadlines, whilst maintaining high quality outputs;
  • Bringing a professional and enthusiastic approach to your work and a proactive approach to new challenges;
  • Ability to work collaboratively in a team environment including across different teams;

Qualifications - no specific requirements.

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  • Job Reference: 702711887-2
  • Date Posted: 2 September 2022
  • Recruiter: Networkers
  • Location: London
  • Salary: £200 to £250 Per Day
  • Sector: Trades & Services
  • Job Type: Permanent