Settlement Operations Analyst

Settlement Operations Analyst | London (Fixed Term Contract)

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.

By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.  Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries

Department Overview
The Operations department perform efficient day-to-day administrative and operational functions of a business. They implement processes, ensure helpful services for customers, and perform the primary tasks of the organization.
Job Overview
Operations carries out the designated day-to-day tasks to ensure the business operates efficiently and effectively. Focusing on Payments and Reconciliations, the role ensures the company mitigates financial risk and provides a valued service to its clients.
Key Responsibilities & Accountabilities:

• Liaise with Clients, Brokers and Banks to facilitate settlement of FX transactions and cash flows
• Account reconciliation and remediation
• Inward/Outward payment entry
• Payment error investigation and resolution
• Cash management of our nostro accounts
• Undertaking Safeguarding and CASS daily requirements
• Preparation of monthly account financial reconciliation reports
• Adherence to compliance processes and operational manuals
• Ad-hoc duties as required

Business Knowledge / Technical Skills:

• Previous experience in customer service advantageous;
• Previous experience with international payments advantageous;

Systems / Knowledge Skills:

• MS Office; Outlook, Word, Excel, PowerPoint;
• HR Systems – Workday;
• Databases – FXDB (In House);