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Posted 5d ago•Limassol, Limassol, Cyprus

Team Leader of Settlement Unit

LeadOn-site (Limassol)Salary undisclosed
Required Skills
Swift
Job Description

The Team Leader of the Settlement Unit is responsible for overseeing securities settlement operations across multiple products and markets, ensuring timely and accurate settlement of transactions for proprietary and client accounts. The role involves supervising DVP/FOP transfers, SWIFT messaging, failed trades, reconciliation issues, and end-of-day reporting, while ensuring compliance with internal procedures, market practices, and custodian requirements.

The Team Leader is also responsible for managing team performance, resolving complex operational issues, mitigating settlement risks, and driving process improvements in close cooperation with Securities Operations, Trading, Compliance, Client Services, and Reconciliation teams.

Requirements

1.    Input and release SWIFT messages MT5XX format in accordance with market rules and established procedures (internal and external ones);

2. Ensuring DVP/FOP transfers are settled in accordance with agreed settlement dates across all products and markets. Control of post-settlement issues. (Prop and Clients accounts);

3. The settlement of high value and /or high-risk transactions are controlled and that the relevant authorities are in place, and that appropriate actions are taken to minimize the risk to the business;

4. Failed Trades are proactively managed and that the relevant reporting and escalation is in place to avoid the risk of market buy-ins, losses, and

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