Settlement Administrator IFDS recruitment
The Company :
International Financial Data Services (IFDS) is a joint venture between Boston-based State Street Corporation, a world leader in financial services providing investment servicing, investment management, trading services and investment research, and DST Systems, Inc, a Kansas City-based leading provider of shareholder accounting services and proprietary systems.
International Financial Data Services (IFDS) is a global market leader committed to providing high quality systems and services to our clients. The IFDS family is made up of more than 2,000 world-class associates, located in our offices in Canada, the UK and Luxembourg.
The Role :
Under the supervision of the Leader, the Settlement Administrator is the focal point for the day-to-day administration of the operation. The Settlement Administrator works closely with the Leader ensuring that all clearing trades, clearing payments, securities reconciliations, mark up/ down, realignments and queries are performed efficiently, accurately, professionally and timely manner. Achieving high quality of service is a team effort and the Settlement Administrator needs to function at all times as a team player supporting less experienced team members and their Leader and above on all exceptional tasks, investigations and process improvements required within Settlements.
Functional task description :
• Ensures that various tasklists and all the controls in place in the payments area are followed.
• Responds to queries from other departments accurately in a timely manner.
• Has good knowledge of the various payment systems used in case of BCP situations and / or cross-coverage support for DMC/WR.
• Books clearing trades in GSMAC in a timely manner using the trade tickets or report provided by the Dealing Teams.
• Monitors MT54x flows and repair transactions when required.
• Reconciles the share balance of each fund between the transfer agent balances, MCH and depositories. Resolve any share differences with the help of a senior staff member. Special attention should be paid to the month end reconciliation and reconciliations performed prior dividend run, merger or liquidation activity.
• Reconciles transactions for deconsolidated clients in Frontier Securities on a daily basis ensuring all exceptions have been identified and explained. Ensures that unusual exceptions are escalated with complete investigation back up to reporting line by latest 5th Business day.
• Demonstrates the ability to identify, analyze and solve even complex exceptions and in case of assistance needed elevates complex problems together with first investigations/analyses conducted to the Team Leader and/or the Manager on the same day the problem appears.
• Provides other departments and external parties with daily/ weekly/ monthly reporting in an accurate and a timely manner as per the deadlines defined within the tasklist.
• Sends cancellation requests in a timely and accurate manner when necessary or books directly cancellations in GSMAC.
Qualifications and skills :
- The Administrator is typically vocationally qualified with some, work experience (1-3 years)
- Has at least successfully attained their final second-level education exams or BAC
- Preferably some banking or financial services industry experience
- Good communication skills, fluent in English (written and oral) and one other European language
- Other European languages are considered advantageous
- Good computer skills (MS Office: Excel, Word and Outlook).
Job ID : 59146
How to apply ?
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