Reconciliations- Client Money
Reconciliations
A growing online CFD and margined FX broker in the heart of Mayfair is looking to recruit an experienced Middle Office manager to join their team. The role will be varied as the individual will act to support the traders, Compliance and Accounts departments.
Primary Responsibilities will include:
Performing daily and monthly Client Money reconciliations in accordance with the FCA’s Client Money Rules.
Preparation and submission of the monthly Client Money and Asset Return to the FCA.
Daily monitoring of client deposits into the Company’s client bank accounts and processing of client fund withdrawal requests.
Upkeep of other daily and weekly controls including reconciliations of the Company’s card payment systems.
Liaising with the Company’s banks in order to resolve debit and credit queries on an ad hoc basis.
Daily upkeep of bank records for all Company client bank accounts in various currencies.
Essential Requirements for the role:
Solid understanding of the FCA’s Client Money Rules.
Attention to detail and strong excel skills.
A reliable and enthusiastic work ethic.
Qualification Requirements and Experience
The successful candidate will have had experience in performing regulatory Client Money reconciliations and should have had previous exposure to CFDs and margined FX within a middle office and/or control function. A proven track record of dealing with multi currency accounts and evidence of a strong controls mindset is also desirable.
This is a critically important role and requires a dependable, meticulous and conscientious person.
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