LMAX Group is 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 associ-ated 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 field
- Proven experience in payments, settlements, or financial analysis role
- Strong analytical skills with the ability to interpret complex financial data.
- Proficiency in Microsoft Excel and other software applications.
- Excellent communication and interpersonal skills
- Ability to work independently and collaboratively in a fast-paced environment.
- Attention to details and accuracy in all work activities.
- Knowledge of payment processing system
Benefits
- 25 days of holiday
- Bonus
- Pension: CPF
- Private medical and dental coverage
- Term Life
- Personal Death and Accident Insurance
- Wellness contribution program with access to ClassPass
- Plumm Platform
- Five volunteering days
- Give as You Earn initiative
Skills Required
- Bachelor's degree in finance, accounting, or a related field
- Proven experience in payments, settlements, or financial analysis
- Strong analytical skills and ability to interpret complex financial data
- Proficiency in Microsoft Excel and other software applications
- Excellent communication and interpersonal skills
- Ability to work independently and collaboratively in a fast-paced environment
- Strong attention to detail and accuracy
- Knowledge of payment processing systems
What We Do
The LMAX Group is the leading independent operator of institutional execution venues for FX and crypto currency trading. LMAX Group is unique in offering market access to all FX customer segments, transforming the world’s largest asset class to an open, transparent marketplace with fair, precise & consistent execution. LMAX Group services funds, banks, asset managers and retail brokerages in over 100 countries. The Group builds and runs its own high performance, ultra-low latency global exchange infrastructure, which includes matching engines in London, New York and Tokyo. Headquartered in London, UK, the Group’s portfolio includes LMAX Exchange (institutional FX exchange and FCA regulated MTF), LMAX Global (FCA and CySec regulated brokers) and LMAX Digital (GFSC regulated institutional spot crypto currency exchange).
