Settlements Analyst

About Us: Finseta is an AIM listed global foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals. We are a fast-growing multi-faceted business with a suite of alternative banking products and have built and developed our own in-house technology to facilitate this. We have a proven track record of delivering excellent services to our clients and have big growth aspirations to become the go-to digital account for businesses trading internationally.Location of the role: As part of the company’s expansion into Dubai (UAE), we are seeking a Settlements Analyst to join our growing team based in the DIFC. Currently, settlement operations are managed from London, United Kingdom, and as such, initial onboarding and training for the role will take place in London, involving two four-week stays. The company will cover all travel and accommodation expenses during this period.While operations in Dubai are scaling, the successful candidate will also provide support to the UK settlements team with their daily tasks. Initially, working hours may be aligned with UK business hours to accommodate this. The role will report directly to the Head of Settlements in London, with a dotted line to the Senior Executive Officer in Dubai. Given the small and expanding nature of both the Dubai and global settlements teams, the ideal candidate will demonstrate a proactive, flexible approach, with a willingness to take on additional responsibilities and the ability to seek assistance when necessary. Responsibilities: Reviewing net settlement figures against own calculations to highlight any discrepancies with liquidity providers Analysing outstanding trade positions, identifying anomalies in trades before net settlement using Excel Monitoring balances across different accounts, ensuring sufficient funds for trades, payments and safeguarding Managing liquidity movement between settlement accounts and safeguard accounts Settling matured foreign exchange positions, escalation of outstanding trades Reconciliation of client trades and counterparty financial requirements in order to manage financial exposure;Agreeing on daily settlement position with liquidity provider Reconciliation of client fund & Safeguarded funds Ensuring that all client fund liabilities are safeguarded within the designated safeguarded client accounts at all times, with appropriate reconciliations/rational in place for any timing differences.Monitoring overall liquidity position Releasing approved onward payments Interface with Account Managers / Compliance team and external banking partners to resolve the transfer of fund challenges Monitoring forwards for margin call Requirements: Process-driven with strong attention to detail Strong excel proficiency Ability to multitask, prioritise, and manage time effectively Strong numerical, problem solving and analytical skills, tech savvy Punctual and precise with a high attention to detail Proficient in excel Self motivated & a fast learner FX and Settlements experience desired #J-18808-Ljbffr