Ancillary Areas, Asset Management, Investment Banking, Wealth Management

Our client is a Top Tier Investment Bank  seeking a senior equity settlements candidate to join their operations team. The team is responsible for the movement of securities and cash to settle trades with stock exchanges, brokers and clients.


  • Ensuring that all operational risks are recognised and managed
  • Developing and maintaining strong client relationships
  • Making sure transactions are settled and recorded correctly
  • Providing value-added support in new markets and new products
  • Continually seeking opportunities for improvement and delivering innovative solutions
  • Liaise with Local Agents to facilitate timely trade settlement, as required on a daily basis
  • Liaise with Local Agents for ad hoc market settlement queries
  • Liaise with Trade Support and Client Service groups for unmatched or failing trade resolution and ad hoc settlement queries
  • Understand the rules and regulations of the Australian markets and work within risk parameters
  • Clear stock and cash breaks between internal accounts vs. external custodian bank’s records, as required on a daily basis
  • Clear internal reconciliation breaks for both stock and cash, as required on a daily basis
  • Investigate daily pre-matching or failing trade issues and communicate to various business units
  • Facilitate cross-border transfers of dual listed stocks
  • Assist with Management reporting for settlement rates and aged items
  • Identify and mitigate risk
  • Escalation of high risk items as per firm standards
  • Change / adapt process as required by market regulations or internal guidelines
  • TD+2 matching and chasing of custodians
  • Reconciliation of domestic stock positions – Settlement / Entrepot and Proprietary accounts
  • Reconciliation of cash accounts including Trust accounts
  • Instruct Custodians of cash and stock movements via SWIFT and GBST
  • Monitor proprietary trading versus stock availability
  • Co-ordinate FX payments
  • Report distribution to Treasury and Stock Loan departments


  • Minimum 4 years financial markets experience, ideally in an Equity Settlements or Operations role with a broker dealer
  • Exposure to CHESS required
  • Extremely accurate and reliable
  • Self motivated
  • Ability to analyse Settlements Risk and take appropriate action to escalate issues
  • Ability to interact and communicate effectively with local custodians, internal business units and client service groups on market issues
  • Able to work in a fluid team environment and within tight deadlines
  • Able to work flexible hours
  • Ability to work with colleagues in offshore locations, maintain communication and build rapport with these colleagues
  • High level of attention to detail
  • Ability to provide high levels of client service
  • Ability to multi-task, prioritise and project manage daily workflow
  • Ability to work through and close out problems
  • Strong analytical and interpersonal skills
  • Commitment, strong work ethic and significant leadership potential


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