Settlements Associate (OTC Commodities)

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Settlements Associate required for the OTC Commodities Settlements Team of our Glasgow based Financial Services client. The team is responsible for all aspects of settlement for Commodities OTC Derivatives trades post-booking.  The business provide across a broad range of Commodities products including but not limited to precious metals, electricity, oil and gas.

This is a varied and interesting role requiring daily interaction with clients, global sales and trading desks, middle office and IT teams internally. Commodities is a growing business as part of the overall and you will in turn be involved in a number of key new products and exciting change and process improvement opportunities.

This role is all about…

  • Investigating and resolving complex settlements through various means, including daily interaction with key stakeholders, including trading desks, sales desks and middle office groups to ensure prompt resolution.
  • Confirming correct settlement prices and ensuring trading systems are updated with correct pricing curves.
  • Performing key settlement functions by creating payment vouchers and receivables invoices on a daily basis.
  • Processing early closeouts and novation of trades, as required.
    Acting as a process owner and being accountable for all outstanding items
  • Developing and improving existing processes including change through Agile & Lean methodologies
  • Working as part of the global settlements team to assist with development, testing & implementation of internal system changes

About you…

You will have a background in Financial Services operations, preferably trade support.

  • The ability to multi task and prioritize will be key, combined with management of critical day-to-day functions.
  • Strong interpersonal and relationship management skills
  • Strong analytical, organizational, and verbal and written communication skills
  • Proven ability to work efficiently and accurately under pressure in a fast-paced multi-tasking environment
  • Proactive and self-motivated
  • Strong Microsoft Excel and Access skills, including the design and implementation of macros preferred
  • Experience of reconciliations and/or credit also preferential.

 Salary up to £38,500 + Bonus + Group Benefits.  Hybrid working. For further information contact Laura Randall on 07852 871 115 or email

27 June 2022
Financial Services
Investment Operations
up to £38,500 + Bonus + Group Benefits
0141 530 4333