A VP Settlements Head job has become available within a banking institution, responsible for ensuring efficient, compliant, and risk-controlled settlements operations. This position requires a strong leader with deep knowledge and expertise in settlements processes, the ability to drive process improvements, and excellent people management skills.

About the VP Settlements Head Role:
The VP Settlements Head in the banking sector is responsible for overseeing and managing the settlements function within a banking institution. This position plays a crucial role in ensuring efficient and accurate processing of settlements, adherence to regulatory requirements, and effective risk management. The ideal candidate will have extensive knowledge and experience in settlements operations, strong leadership skills, and a track record of successfully managing and developing high-performing teams.

Key Responsibilities:

• Oversee and manage all aspects of settlements processing, ensuring timely and accurate processing of various types of transactions, including domestic and international payments, securities settlements, and treasury transactions
• Develop and implement effective processes and controls to mitigate settlement-related risks and comply with regulatory requirements
• Collaborate with stakeholders, such as front-office teams, back-office teams, and external parties, to resolve exceptions and issues promptly
• Develop and implement a robust risk management framework for settlements, identifying and mitigating operational, regulatory, and financial risks
• Ensure compliance with internal policies, procedures, and regulatory guidelines, such as Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements
• Stay up-to-date with regulatory changes in settlements processes and ensure timely implementation of necessary updates and enhancements
• Manage and develop a team of settlements professionals, providing guidance, coaching, and support to ensure high performance and continuous improvement
• Set clear objectives and performance expectations, and conduct regular performance evaluations
• Identify training and development needs, and provide opportunities for skill enhancement and career growth within the team
• Identify opportunities to enhance settlements processes through automation and the use of technology
• Collaborate with internal stakeholders, such as IT and operations teams, to implement system upgrades, develop new tools, and streamline workflows
• Continuously monitor industry trends and best practices to identify and implement process improvements and optimisation initiatives
• Foster strong relationships with internal and external stakeholders, such as regulators, counterparties, and custodians
• Collaborate with front-office teams to ensure seamless coordination and execution of settlements activities
• Act as a point of escalation for settlements-related issues and inquiries
• Define key performance indicators (KPIs) and metrics to monitor and evaluate settlements operations, and provide regular reporting to senior management
• Analyse data trends, identify areas for improvement, and implement solutions to enhance efficiency and accuracy

To succeed in this VP Settlements Head role, you must have a strong background and experience in international banks, settlements operations and process improvement.

Key Requirements:

• Bachelor's degree in finance, accounting, or a related field. MBA or CFA designation is preferred
• Extensive experience (10 or more years) in settlements operations within the banking industry, with a thorough understanding of multiple settlements processes, including payments, securities, and treasury settlements
• Strong knowledge of regulatory requirements and industry best practices related to settlements operations
• Demonstrated leadership skills, with prior experience in managing and developing teams
• Excellent problem-solving and analytical abilities, with the ability to assess complex situations and make sound decisions
• Strong communication and interpersonal skills, with the ability to build relationships and collaborate effectively with stakeholders at all levels
• Detail-oriented with a focus on accuracy and quality
• Proficiency in using relevant settlements systems and tools
• Understanding of risk management principles and practices
• Ability to work effectively under pressure and in a fast-paced environment
• Knowledge of emerging technologies and trends in settlements operations
• Project management experience is a plus

The commercial bank does not need an introduction as it is one of the leading global banks.

If you have the drive and determination to contribute your expertise in a fast-paced highly competitive environment this VP Settlements Head role is right for you.

Apply now to learn more.

Due to the high volume of applications we are experiencing, our team will only be in touch with you if your application is shortlisted.