Operations Officer

This is a newly created role supporting the launch and growth of a custody business focused on cross-border capital markets activity, combining responsibility for CASS-regulated client asset reconciliations with treasury operations across FX and interest rate products. The position plays a key role in ensuring regulatory compliance, operational control and accurate transaction processing within a regulated wholesale banking environment.

Client Details

An organisation within the financial services and banking industry, located in The City of London:

This is an opportunity to join a well-established international wholesale banking platform that is investing in the growth of its cross-border capital markets and custody offering. As the business continues to expand its presence in securities services, it provides exposure to international markets, regulatory change and a broad range of treasury and custody activities within a highly regulated environment.

Description

• Perform daily and monthly CASS reconciliations across client custody assets, ensuring compliance with regulatory requirements and internal controls.

• Reconcile securities positions against external custodians, depositories and internal records, investigating and resolving any reconciliation breaks.

• Maintain accurate records, reconciliation evidence and supporting documentation in line with CASS and audit requirements.

• Support the ongoing management and development of a growing custody platform focused on cross-border capital markets activity.

• Process and monitor corporate actions, including coupon payments, redemptions and other lifecycle events across custody assets.

• Provide operational support for FX transactions, including confirmations, settlements, payment processing and account reconciliations.

• Support the lifecycle management of treasury products including FX Spot, FX Forward, FX Swaps, repos and interest rate derivatives.

• Ensure timely and accurate trade confirmation, settlement and regulatory reporting activities across treasury operations.

• Liaise with front office, finance, compliance, external custodians, counterparties and operations teams to resolve queries and support transaction processing.

• Maintain a robust control environment through maker/checker processes, operational risk monitoring, issue escalation and support for internal and external audits.

• Assist with regulatory reporting requirements, including CASS-related reporting and treasury transaction reporting obligations.

• Contribute to process improvements, operational efficiency initiatives and regulatory change projects within both the custody and treasury functions.

Profile

A successful Operations Officer should have:

• Degree educated with a minimum of 3 years' experience within UK financial services.

• Proven custody operations experience is essential, including securities settlement, corporate actions, position reconciliations and working with custodians or sub-custodians.

• Able and willing to work in the office 5 days per week (non-hybrid).

• Experience performing CASS reconciliations within an FCA-regulated environment, with a sound understanding of client asset rules and controls.

• Experience supporting operations across FX and/or interest rate products, including trade confirmation, settlement and account reconciliations.

• Good understanding of financial instruments including bonds, foreign exchange products and derivatives.

• Knowledge of SWIFT messaging and experience using custody, treasury or banking operations systems.

• Strong analytical and problem-solving skills, with the ability to investigate and resolve reconciliation breaks and operational issues.

• Excellent attention to detail, organisational skills and the ability to operate within a well-controlled regulatory environment.

• Experience of regulatory reporting, UK EMIR, MiFID II/MiFIR, CASS governance or Resolution Pack activities would be advantageous.

• Exposure to cross-border custody, international securities markets would be beneficial.

• Professional qualifications such as IOC, CISI, CASS, FRM or similar would be viewed favourably.

Job Offer

• Salary 55k

• 5 days in the office, lunch paid for and provided daily.

• Attractive benfits scheme.

If you're interested in this Operations Officer role, apply now!