Securities Lending Settlements

The Securities Lending Settlementsrole is to support the Security Finance business. This includes exception management, Cash and Stock Break resolution, depot realignments between domestic agent bank and Euroclear, Security Finance experience including settlements of Borrows and Loans, Triparty, different Collateral types and requirements, liaising with external agents and counterparts.

Stock Loan Settlements are responsible for monitoring and escalating Agent breaks, performing post trade contract compare reconciliation through Equilend and Pirum

Department:
Securities Lending Settlements

Key Responsibilities & Tasks:

• International Equity settlement coverage Stock Lending.
• Unmatched processing/Pre-matching prior to settlement date
• Same Day and Post Settlement date fails management
• Working with Middle Office to resolve booking issues and amendments.
• Cash and Stock reconciliation investigation and reporting to Control and Regulatory Reporting departments.
• Understanding and experience of Client Money rules and regulation.
• Experience of the Security Finance business in relation to collateral types and processes.
• Knowledge of International buy-in rules and deadlines including market penalties and CSDR.
• Good understanding of the T2S and the Platform.
• Settlement Exceptions processing via internal settlement systems.
• MIS Collation, looking at cancellation volumes and root causes.
• Liaise with Operational areas for such as SBL Middle Office, Ops Control, Corporate Actions, Static Data, Client Onboarding, Product Control to support business requirements.
• Identify and escalate operational risks & potential issues promptly and in accordance with the firm’s risk framework.
• Identifying areas for improvement and driving enhancements to operational processes and controls.

Qualifications/ Experience:

The candidate is required to have experience in the Securities Lending operational space. Understanding of the key functions for the front to back process will assist the individual to support the daily function. System knowledge to the associated product will bring value to the group such as Pirum, Equilend, Global One, Swift, Easyway, CREST and Gloss.

Excellent communicator with strong interpersonal skills and able to develop good networks across regional and global stakeholders.

Working relationships:

The candidate will face internal and external clients on a global scale to support the process. There will be a requirement to work with our vendor services and agent banks to reach resolution on open issues. The role requires an internal network of colleagues in several different areas including

Treasury, Operations, Technology, Control and Finance.

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