Settlement Officer - Banking

K-People Europe is a London based recruitment consultancy and we’ve been recruiting top talents for our clients in UK & Europe since 2007. Our client, a reputable international bank located in the heart of City of London, is looking for an Operations(Settlement) Officer . [Role Overview] (1) An officer responsible for supporting the Bank’s daily payment and settlement operations, maintaining accurate back-office records, and ensuring the effective operation of key banking systems and controls.

(2) The post holder is also expected to support transaction monitoring, operational resilience, and improvements to operational procedures in coordination with relevant internal and external stakeholders. [Responsibilities] (1) Payment & Settlement Operations
• Process and monitor daily SWIFT payments (pacs.
008 and pacs.
009) and other settlement activities, ensuring accuracy, timeliness, and compliance with established procedures.
• Maintain Nostro account records and support account openings, transitions, and closures, including balance transfers and related reconciliations.
• Maintain and communicate Standard Settlement Instructions (SSIs) to relevant internal and external stakeholders.
• Liaise with counter parties, correspondent banks, and internal departments to investigate and resolve payment and settlement discrepancies. (2) Back-Office Systems & Controls
• Create, verify, and maintain accurate transaction records and loan ledger entries in the Core Banking System (ABIS), ensuring appropriate approvals are obtained.
• Maintain accrual schedules, prepare and process accounting vouchers, and perform daily bookkeeping and ledger reconciliation activities.
• Input daily reference rates and perform regular checks against independent sources to ensure accuracy and consistency.
• Conduct periodic reviews of system user access rights and escalate any discrepancies for appropriate action.
• Maintain accurate records and supporting documentation for operational controls, reconciliations, and internal and external audits. (3) Transaction Monitoring & Compliance Support
• Generate, review, and distribute daily transaction monitoring and sanctions screening reports, ensuring flagged transactions are promptly escalated to the appropriate personnel.
• Support the Compliance Team in reviewing and enhancing transaction-related policies, procedures, and controls in accordance with applicable regulatory requirements. (4) Operational Resilience and Other Projects
• Support the implementation and ongoing maintenance of the Bank’s Operational Resilience Policy and Framework, including scenario testing, assessment of results, and remediation activities.
• Assist with operational projects, business continuity arrangements, and recovery procedures relating to critical payment and settlement services.
• Liaise with IT and external service providers to investigate system issues, coordinate system enhancements, and support the timely resolution of operational action points. (5) Procedures & Other Responsibilities
• Review and update the Operations Manual and related procedures to reflect changes in systems, internal controls, and operational practices.
• Assist in identifying and reporting fraudulent websites impersonating the Bank to relevant internal departments and external organisations.
• Perform all duties in accordance with the Bank’s internal policies, approval procedures, and applicable regulatory requirements.
• Carry out any other operations-related duties as assigned by the Line Manager. [Requirements] (1) Must have minimum 2 years’ relevant experience within UK financial industry (2) Good knowledge of banking operations, payments, finance, and accounting (3) Proficient Microsoft Excel skills and…