UK Settlements Team Lead
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:
London
Responsibilities:Team leadership & oversight
Manage and provide day-to-day leadership for the UK Settlements team
Act as the first point of escalation for UK team members, supporting their development and ensuring workload is prioritised effectively.
Oversee daily settlement activities to ensure accuracy, timeliness, and adherence to controls.
Provide cover and support for colleagues in Dubai and Canada, ensuring global consistency of processes.
Support the Head of Settlement in aligning practices across regions and implementing global standard operating procedures.
Operational responsibilities
Responsible for ensuring net settlement figures correlate to expected calculations, highlighting any discrepancies with liquidity providers.
Oversee analysis of outstanding trade positions and ensure anomalies are identified and resolved before net settlement.
Ensure sufficient liquidity is maintained across accounts to meet trade, payment, and safeguarding requirements.
Approve and oversee liquidity movements between settlement and safeguard accounts.
Review and release onward payments, ensuring adherence to approval and compliance controls.
Monitor margin calls, exposure levels, and ensure timely escalation of risks.
Ensure reconciliations of client funds, counterparty requirements, and safeguarded accounts are performed accurately, with appropriate explanations for variances.
Highlight inconsistencies and escalate material discrepancies to the Head of Settlement in a timely manner.
Process improvement & governance
Assist the Head of Settlement with defining new processes and driving adoption into BAU.
Identify optimisation opportunities in existing processes, working with cross-functional teams to deliver remediation plans.
Document and maintain global standard operating procedures (SOPs).
Contribute to ongoing monitoring of operational risks and implementation of controls.
Cross-team collaboration
Act as a key contact point for Account Managers, Compliance, and external banking partners to resolve various areas challenges.
Share knowledge, best practices, and support training of team members globally.
Requirements:
Excellent communication skills — able to explain complex issues simply, build rapport across teams, and confidently engage with stakeholders.
Demonstrated ability to take initiative, escalate appropriately, and act as a reliable point of accountability.
Proven ability to manage and prioritise workloads for self and others.
Strong technical background in settlements, reconciliations, and financial operations.
Advanced Excel proficiency with excellent numerical, analytical, and problem-solving skills.
Strong attention to detail and time management
Experience mentoring, training, or managing team members preferred
FX and Settlements experience desired
Motivated, organised, and confident stepping into a leadership role within a fast-growing business.
Recommended Jobs
Fostering Social Worker
JOB-20241107-791d94d2 Sanctuary Personnel, a forward-thinking and dedicated recruitment agency, is delighted to offer an exciting opportunity for a full-time, permanent Social Worker position within…
Events Operations Manager
The Hoxton Shepherd’s Bush is our fourth London Hoxton and located in the heart of Shepherd’s Bush, in the beating heart of an eclectic and diverse neighbourhood, with 237 playfully designed bedr…
Host/ess
As Host/ess, I will fully comprehend the vision of Six Senses to help people reconnect with themselves, others and the world around them and our values of local sensitivity and global sensibility, cr…
MEP Design Manager
MEP Design Manager needed to join their team on a long-term contract basis. This role involves working with a focus on MEP, fire, and security systems and requires attendance at the central London off…
Hospitality Assistant
We're looking for a Hospitality Assistant who will be the face of our business, delivering exceptional customer service for Restaurant Associates on a permanent casual basis, contracted to 0 hours pe…
Fire Alarm Installation engineer
Immediate requirement for 6 Fire alarm installation engineers 3-5 years exp Must have CSCS or Safety passport inital 1 month but likely to progress
Legal Director, Germany
The Company Graff Search are delighted to partner with this leading aerospace and technology business in the search for a Legal Director, based in Germany. The firm are a global player in their se…
Assistant Producer
‘Studio B’ are looking for an awesome Assistant Producer to join our team full-time in London! &##128293;&##128640; We’re a fast-moving, fast-growing creative production company with an audience …
T002/3 Track Handback Engineer
Morson Rail is a long-standing principal supplier of track maintenance and upgrade engineers to Transport for London. We are now looking for experienced and qualified T002/3 Track Handback Enginee…