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Job sectorJob locationOperationsThis section contains all our operations jobs in financial services firms. Operational finance professionals don't liaise with clients like the people working in the front office of an investment bank, fund manager, or alternative investment house. Instead, the operations division is a support function - operations professionals support people and deal flows in the front office to make sure everything works smoothly and the bank gets paid. The main business carried out by the operations team is clearing and settling trades. Clearing trades involves making sure that the records one bank has kept of the sale of a financial security match those of the bank or organisation it was sold to.. In most cases, simple trades are cleared automatically through huge electronic systems such as the Brussels-based Euroclear. Settlements professionals ensure that stocks or shares bought and sold by the bank's traders are exchanged for the correct amount of money. A settlements job is essentially a processing and controlling position involving matching instructions with counterparties, and arranging and monitoring payments. Settlements cover everything from preparing the documentation required for a sale to making sure the bank has been paid for all the shares it has sold and bought. Settlements professionals resolve any problems with counterparties which may arise, and they review unsettled trades to ensure timely completion. Many jobs in this sector require knowledge of systems such as CCASS, DCCASS and SWIFT, and Euroclear/Clearstream. Financial services operations are increasingly becoming automated, therefore most operations sector jobs involve intervening when electronic systems fail (so-called 'exceptions'), or devising new, more efficient ways of making technology systems and operations processes work. Clearing and settlements junior staff spend a lot of time dealing with the exceptions and figuring out what went wrong. A large proportion of simple clearing and settlements work takes place in low cost centres such as Mumbai or the Philippines. Closer to the trading floor is the role of the trade support officer. This job requires a whole range of different assets, from equities and bonds to commodities or derivatives. Trade support officers deal with any queries a trader might have - everything from reconciliation issues to any discrepancies between the various counterparties involved in the trades. Advanced operations jobs higher up the hierarchy are more strategic in nature and operations departments employ a lot of project managers and business analysts. These project managers may look at ways of streamlining the exceptions process, or working with off-shored teams to determine how to make processes work more efficiently and (further) reduce costs. It's not only banks that employ settlements staff - hedge funds settlements professionals, for example, ensure trades are booked and reported to the prime broker/custodian. Show more » « Show less
Showing 1-30 of 96 jobs
Providing operational support within a large alternative investment firm
Supporting the US Securitization reporting for a global investment bank
Oversee compliance audits, financial analysis, investigations and surveillance within a financial services reg...
Deputy position within Trade Finance Operations at a global investment bank
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Leading project management and business analysis activities relating to Derivatives & Stress Testing Implemen...
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Excellent growth oriented front office opportunity
The New York Satellite Office of a large European Investment Bank is seeking a Strategic Sourcing Manager to m...
Role will require developing a deep understanding of the entire global trading system and working closely with...
In this role you will focus on providing technical and business support for TradingScreen's electronic trading...
Looking for a candidate with strong fixed income product knowledge from an operations perspective with broker/...
Performance / Operations Analyst
Deutsche Bank "Best Global Investment Bank 2010" A Passion to Perform. It's what drives us. More than a cl...
This position is within our Investment Technology programming team which supports First Quadrant's in-house bu...
- managing complex consulting projects at several clients -developing partnership relationships with client...
The Role:To assist in supervising a diverse and ambitious team of Financial Data Analysts (FDAs) responsible ...
Business Monitor International is a leading, independent provider of proprietary data, analysis, ratings, rank...
My client is a large global banking institution that provides capital markets, investment banking, commercial ...
MarkitSERV is seeking an experienced Application Support professional to join the Engineering Services Team. T...
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Major Asset Management firm seeks a Procurement Agent
The successful candidate will join a highly valued, senior team of ambitious managers They will work on high...
An ideal candidate is someone who has previous experience in Risk Management or Risk IT within Asset Managemen...
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A Passion to Perform. It's what drives us. More than a claim, this describes the way we do business. We're com...
Functional Title: Client Service Account Manager Department: Trust and Agency Services Corporate Title ...
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Operations, USA
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