Reconciliations & Settlements Analyst

Moneycorp Bank Limited; Coventry; On-site; GBP 80,000 - GBP 100,000; Full time

Job summary

A global payments firm in Coventry, England, is seeking a Reconciliations and Settlements Analyst. This full-time role involves leading the reconciliation of FX transactions and ensuring compliance with client money obligations. The ideal candidate will have an interest in FX processing, and experience in banking, with strong analytical and communication skills. This position offers competitive salary, bonuses, and benefits including private health insurance.

Benefits

25 days holiday plus birthday off

Pension plan

BUPA private medical health insurance

Qualifications

• Interest in learning FX, settlements, and reconciliations.
• Experience with client money reconciliations and cash management.
• Knowledge of safeguarding and compliance requirements.

Responsibilities

• Ensure all FX transactions are confirmed and reconciled daily.
• Comply with client money obligations.
• Lead a team in reconciliation tasks.

Skills

Interest in FX processing

Day-to-day banking and reconciliation experience

Experience with SWIFT Payments

Knowledge of banking sector

Understanding of AML and Compliance

Credibility and relationship building

Effective communication skills

Analytical skills

Job description

Overview

Description

Welcome to Moneycorp. We’re delighted you’re interested in being a part of Moneycorp. In the last decade, Moneycorp has transformed from a largely domestic, consumer-focused provider of foreign exchange to an end-to-end global payments ecosystem. Our 45 years of experience have given us an institutional pedigree, and our vision of eliminating friction in FX risk management and international payments continues to drive our innovations. We’re fervent about pursuing our goals, making substantial contributions to the payments industry, and consistently offering unwavering support to our clients at every stage of their journey. Moneycorp is a place where energy, commitment to our shared success and collaboration are core to our DNA. We’re restless in our drive to surpass the expectations of our clients and unlock opportunities to help them navigate the ever-evolving global economy. The foundation of our success is our people, and nurturing a culture of belonging for all of our colleagues is central to our journey as a global business. Find out more about Moneycorp’s offering, global footprint and capabilities here: About Us | moneycorp

Who You Are / Your Next Challenge

We have an exciting opportunity for a Reconciliations and Settlements Analyst, to join our Payments Operations – Reconciliations and Settlements team at Moneycorp on a full-time / permanent contract, based in our Coventry Office, West Midlands. Reporting directly to the Payment Operations Managers, this role is within the Reconciliations and Settlements team and the purpose is to lead a team to ensure:

• All FX transactions are confirmed, settled and reconciled daily.
• All bank accounts, transactions and systems are reconciled daily.
• Compliance with client money obligations including Safeguarding, CAR, CASS.
• Cash settlements result in funds in the correct bank accounts at the correct times to ensure all payments are released, minimise cost to business and maximise revenue.

The tasks will be split up by 3 main work streams - FX settlements, Cash Settlements and Reconciliations. You will have exposure to a variety of stakeholders across the business including members from the Sales, Dealing, Finance and Group, Risk and Compliance teams and the role will provide the opportunity to learn about all areas of payments within a global FinTech payments business.

We are keen to meet applicants who have an interest in learning FX, settlements and/or reconciliations or have previous operational experience with banking and reconciliation activities, have sharp attention to detail and takes pride in ensure processes and procedure are followed consistently at a high standard.

What we’re looking for / Skills that will help you in the role

• High interest in moving into a role processing FX, settlements and reconciliations activities.
• Previous experience with day to day banking and reconciliation activities such as client money reconciliations, cash management, settlement of FX trades.
• Prior experience with SWIFT Payments.
• Some knowledge and understanding of the banking sector specifically around payments and FX products.
• Knowledge and understanding of AML and Compliance requirements including safeguarding i.e. CAR / CASS requirements.
• Proficient at establishing credibility quickly and building relationships with a range of stakeholders.
• Ability to communicate effectively (both oral and written), stay calm and work well under pressure to meet competing deadlines.
• Solution-focused approach and the ability to make objective/ evidence based decisions and influence recommendations and decisions using insights.
• Consultative style with the ability to breakdown complex information to suit target audience.
• Resilient to change, adapting to and supporting new situations with confidence.
• Excellent analytical skills, with ability to think independently and draw conclusions.

This is a fantastic opportunity for someone to take on a key role within the Payments Operations function, who is keen to get involved in multiple projects within an established growing international organisation, and provides amazing scope for both strategic and operational self-development.

Please note: This is a full-time, permanent position. The job is office-based in Coventry, England, as part of the Reconciliations and Settlements team.

What you get in return:

This role offers a competitive salary with a bonus, plus a comprehensive benefits package including 25 days holiday plus a day off for your birthday, pension, BUPA private medical health insurance and more.

Interested?

If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.

Start Date: ASAP

Fostering a culture of belonging and inclusivity

We\'re committed to creating a workplace where every individual feels valued, respected, and included. As an Equal Opportunity Employer, we actively cultivate an inclusive culture where diversity thrives, and we empower our colleagues to drive meaningful change within our organisation through initiatives like our DE&I focus groups and value champion network. Like many of our peers, we recognise that fostering inclusivity is an ongoing journey, and we remain steadfast in our commitment to progress. By measuring our efforts through regular assessments and listening to the feedback of our employees, we strive to ensure that our initiatives are impactful and responsive to the evolving needs of our workforce. Together, we want to build a workplace where everyone can bring their authentic selves to work, as we believe this is the foundation of innovation, creativity, and collective success.