LMAX Group
FinTech
PaymentsandSettlementsAnalyst
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Payments and Settlements Analyst at LMAX Group. Skills: Payments, Settlements, Financial analysis. Raise payments across entities. Ensure payments accurately raised”
Industry & Context.
Analytical skills
Shift work, Weekend on-call, UK bank holiday work
What They're Looking For.
Must Have
Bachelor's degree in finance, Proven experience in payments, Proven experience in settlements, Proven experience in financial analysis, Proficiency in Microsoft Excel, Knowledge of payment processing systems
Nice to Have
CFA charterholder preferred, FRM charterholder preferred
What You'll Do.
Raise payments across entities
Ensure payments accurately raised
Ensure payments released timely
Monitor daily payment transactions
Reconcile daily payment transactions
Investigate payment discrepancies
Resolve payment discrepancies
Resolve settlement discrepancies
Resolve payment queries
Identify opportunities
Maintain spreadsheets
Develop working relationships
Stay up to date with regulations
Adhere to principles and controls
Highlight risks of breaches
Deal with client queries
Provide cover as required
Maintain understanding of risks
Maintain understanding of controls
Enforce agreed procedures
Minimise risks across payment processes
Assist with ad-hoc projects
Assist with ad-hoc tasks
How You'll Work.
Team & Collaboration
Collaborate with internal teams; Collaborate with external partners; Work with Broker Operations teams; Liaise with stakeholders
Communication Scope
Interpersonal skills
Full Job Description
We are seeking a highly analytical and detail-orientated Payments and Settlement Analyst to join our payments team. The ideal candidate will have a strong background in financial analysis, experience with payment processing systems, and a deep understanding of settlement procedures. **Main Duties & Responsibilities:** * Raising payments across multiple entities using a TMS system and online banking portals, whilst ensuring all payments are accurately raised and released in a timely manner. * Monitor and reconcile daily payment transactions to ensure accuracy and completeness. * Investigate and resolve discrepancies in payments, settlements, resolve any queries, i.e. Recalls, Tracers and Rejections both internally and externally. * Collaborate with internal teams and external partners to facilitate smooth payment process. * Analyse payment data to identify trends, risks, and opportunities for process improvement. * Building and maintaining macro and other excel spreadsheets for reconciliations. * Act as the key contact for payments and develop good working relationships with internal and stakeholders. * Stay up to date with industry regulations and best practices related to payments and settlements. * To ensure that LMAX’s principles and controls for risk management, TCF and CASS are adhered to and highlight any potential/risks of breaches. * Working with Broker Operations teams to ensure all client related queries are dealt thoroughly and providing cover as required. * Maintaining through regular updates a sound understanding of the risks and controls associated with their role and subsequently utilising this knowledge to follow and enforce all agreed procedures to ensure risks are minimised across the payment processes and within the team. * Work covering Monday to Friday with occasion weekend on-call and UK bank holiday work. * Assist with ad-hoc projects and tasks as assigned by management. **Requirements** * Bachelor’s degree in finance, Accounting, or related f
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