The Role
We are looking for a Head of International Settlements to join us on one of Korn Ferry's exciting clients. This role is critical in facilitating smooth global financial operations and maintaining the integrity of international financial systems.
Head of International Settlements is responsible for ensuring Operational Risk is managed and mitigated through the existing controls that have been implemented and creating new processes where required.
Excellent product knowledge of Equities/Bonds and processing through existing platforms.
Monitoring of trade date exceptions.
Implementation of cross training within the team to close knowledge gaps.
Assist in managing the implementation of system/process improvements to eradicate manual processes.
Escalating issues to senior management when required. The Settlements Team plays a critical role in managing the settlement process for various financial transactions.
Through their roles and responsibilities, the team ensures timely and accurate settlements, minimizes settlement-related risks, and maintains compliance with regulatory requirements. By fostering effective communication, managing relationships, and continuously improving settlement processes, the Settlements Team contributes to the operational efficiency, risk management, and customer satisfaction.
Job location
Warsaw, Poland
Hybrid model / onsite for 3-4 days per week
Key responsibilities
The key responsibilities of settlements in a financial context generally revolve around ensuring that financial transactions, especially those involving securities, payments, or foreign exchange, are processed and completed correctly. These responsibilities include:
Transaction Reconciliation
Processing Payments and Transfers
Monitoring Timeliness and Deadlines
Risk Management
Regulatory Compliance
Communication with Counterparties
Clearing and Settlement of Securities
Custody and Safekeeping
Dispute Resolution
System Integration and Automation
Reporting and Auditing
Projects:
CF Secured Correspondent Clearing – Move of US Clearing from CFCO to CFS
Goldman Sachs Account Structure /New Business
Asset Classes:
Equities
Bonds
Foreign Exchange
Prime
Crypto
Key Functions & Controls
The key functions and controls of settlements are crucial for ensuring the accuracy, timeliness, and security of financial transactions, especially in areas such as payments, securities, and foreign exchange. Below are the key functions and the associated controls:
Key Functions of Settlements
Transaction Processing and Reconciliation
Clearing and Confirmation
Payment Processing and Fund Transfer
Securities Settlement
Foreign Exchange Settlement
Regulatory Compliance and Reporting
Dispute Resolution and Investigations
Key Controls in Settlements
Automated Matching and Validation
Real-Time Monitoring and Alerts
Reconciliation and Exception Handling
Third-Party Risk Management
Post-Settlement Audits
Systems used:
Phase3, STN, Intellimatch/Duco, Euroclear, Goldman Marquee, Total Messaging, Global One, Crest GUI, SAFE Financials, DTC, Fidessa, FXL, HSBC CLS, Kyriba, CSS, CSS Prime, Hazletree, Talos, Tether, Customers Bank, CBIT, CUBIX, Gemini, , Coinbase, Bitstamp, Kraken, Fireblocks, Business Intelligence, CITI Velocity, CITI Direct, Morgan Stanley Matrix, CPDB, Word, Excel
Personal attributes:
Attention to Detail
Strong Analytical Skills
Problem-Solving Ability
Strong Communication Skills
Leadership and Team Management
Organizational Skills
Risk Awareness and Mitigation
Adaptability and Flexibility
Stress Management
Proactive and Forward-Thinking
Technologically Savvy
Ethical Integrity
