Settlement Officer

SGM-FX Ltd; Greater London; On-site; GBP 28,000 - 52,000; Full time

Job summary

SGM-FX Ltd is seeking an Operations Officer for a varied back office role combining settlements, payments, and reconciliations. You'll check and maintain client and company accounts, verify funds, set up payment sheets, and ensure compliance approvals.

In this fast-paced, small department, you will use Excel and Xero to reconcile accounts, manage reports, authorise payments, and maintain the trade platform. Attention to detail and ability to multitask are essential.

Qualifications

• Excel (good knowledge).
• Accounts knowledge would be an advantage.

Responsibilities

• Check and maintain client and company accounts.
• Check funds coming in from clients.
• Set up payment sheets and make payments to the broker.
• Ensure source of funds have been approved by compliance.
• Chase for funds not received from the client and keep track of debts.
• Reconcile client and company accounts on Xero and spreadsheets.
• Update and maintain the Margin Report, Unpaid Monies Report and Open Case Report.
• Check source of funds has been approved by compliance.
• Authorise payments.
• Obtain copies of SWIFT messages for both incoming and outgoing payments.
• Keep a log of funds transferred between companies.
• Control and reconciliation of returned currency from broker.
• Ensure any 3rd party payments have been approved by Compliance.
• Set up & make payments to the Client.
• Update Xero & in-house online trade platform.
• Chase for client payment details and adding them to the in-house trade platform.
• Check broker recaps.
• Check that 3rd party payments have been approved by compliance.
• Any ad-hoc duties relating to the smooth running of the department.

Skills

Excel

Multi-tasking

Fast-paced environment

Teamwork

Prioritisation

Accounts knowledge

Tools

Xero

In-house trade platform

Job description

Operations Officer:

Varied Back Office role combining settlements, payments, and reconciliations.

Job Role:

• Check and maintain client and company accounts
• Check funds coming in from clients
• Set up payment sheets and make payments to the broker
• Ensure source of funds have been approved by compliance
• Chase for funds not received from the client and keep track of debts
• Reconcile client and company accounts on Xero and spreadsheets
• Update and maintain the Margin Report, Unpaid Monies Report and Open Case Report
• Check source of funds has been approved by compliance
• Authorise payments
• Obtain copies of SWIFT messages for both incoming and outgoing payments
• Keep a log of funds transferred between companies
• Control and reconciliation of returned currency from broker
• Ensure any 3rd party payments have been approved by Compliance
• Set up & make payments to the Client
• Update Xero & in-house online trade platform
• Chase for client payment details and adding them to the in-house trade platform
• Check broker recaps
• Check that 3rd party payments have been approved by compliance
• Any ad-hoc duties relating to the smooth running of the department.

Requirements

• Looking for a multi-tasker that can prioritise work accurately and efficiently.
• Ability to work in a fast-paced small department
• Ability to work within a team but also with own job responsibilities.
• Excel (good knowledge)
• Accounts knowledge would be an advantage.