Global Custody Settlements Lead

US Bank; Ireland; On-site; EUR 90,000 - 120,000; Full time

Job summary

U.S. Bank's Elavon custody operations team in Ireland is seeking a Custody Operations Settlement Manager to lead global securities settlement, cash management and reconciliations across markets.

You will oversee trade lifecycle, drive remediation of settlements and support cross-functional teams in a fast-paced environment. The role emphasizes leadership of the Cash & Trade Settlements team, risk controls, and client and stakeholder management, with a focus on process improvements and

Responsibilities

• Lead the day-to-day management of global securities settlement activity across multiple markets, currencies and asset classes.
• Ensure trades are instructed accurately and within applicable market and custodian deadlines.
• Oversee the trade lifecycle from instruction through to final settlement, ensuring failed, pending and unmatched transactions are actively investigated.
• Drive root-cause analysis of settlement failures and recurring exceptions, ensuring sustainable remediation rather than repeated manual intervention.
• Oversee complex settlement activity across products including equities, fixed income/debt, ETFs, FX, mutual funds, derivatives and alternative investments, consistent with the product coverage of the existing Dublin Settlements team.
• Maintain appropriate oversight of manual settlements, corrections and bookings within internal custody/books-and-records systems.
• Provide operational oversight of cash flows generated through securities settlement activity.
• Monitor multi-currency cash positions, funding requirements, nostro activity and overdraft exposures.
• Oversee investigation of cash exceptions, including unapplied funds, unexpected receipts/payments, funding discrepancies and cash differences.
• Work closely with reconciliation teams to resolve aged cash and nostro breaks.
• Identify recurring drivers of cash differences and implement preventative controls and process improvements.
• Maintain effective oversight of daily cash, asset and settlement reconciliations, ensuring exceptions are investigated within agreed timeframes.
• Drive reduction of aged reconciliation breaks and ensure new exceptions do not develop into long-term backlogs.
• Review trends across settlement and cash exceptions to identify systemic or upstream root causes.
• Establish clear ownership and escalation paths for complex exceptions.
• Partner with Reconciliation, Asset Servicing, Cash, Corporate Actions and other operational teams where cross-functional remediation is required.
• Lead, coach and develop members of the Cash & Trade Settlements team.
• Set clear performance expectations and ensure appropriate allocation of daily workloads.
• Build subject-matter expertise and resilience across critical settlement and cash processes.
• Provide regular coaching, feedback and development opportunities.
• Ensure effective cross-training and succession planning across the function.
• Support recruitment, onboarding and training of new team members.
• Foster a culture of ownership, accountability, continuous improvement and high-quality client service.
• Maintain a strong operational control environment across trade and cash processing.
• Identify and escalation potential financial, client, regulatory and reputational risks.
• Ensure processing errors and control failures are investigated promptly and appropriate corrective actions are implemented.
• Maintain effective maker/checker and supervisory controls for high-risk activity.
• Ensure procedures, controls and operational documentation remain accurate and current.
• Support audit, compliance, regulatory and risk reviews where required.
• Act as a senior escalation point for complex cash and settlement issues.
• Manage internal and external client escalations through to resolution.
• Build strong relationships with custodia

Job description

U.S. Bank's Elavon custody operations team in Ireland is seeking a Custody Operations Settlement Manager to lead global securities settlement, cash management and reconciliations across markets.

You will oversee trade lifecycle, drive remediation of settlements and support cross-functional teams in a fast-paced environment. The role emphasizes leadership of the Cash & Trade Settlements team, risk controls, and client and stakeholder management, with a focus on process improvements and