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Back Office Settlement Jobs (NOW HIRING)

Burnett Specialists

Back Office Analyst

Houston, TX

Bank Office Analyst - Houston This role operates in a fast?paced trading environment, requiring the ... Support Accounting with debt reporting, accruals, and analyze settlement statements in Simba ...

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Back Office Settlement information

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How much do back office settlement jobs pay per hour?

As of Sep 14, 2026, the average hourly pay for back office settlement in the United States is $19.29, according to ZipRecruiter salary data. Most workers in this role earn between $14.90 and $20.19 per hour, depending on experience, location, and employer.

What is a back office settlement role?

A Back Office Settlement role involves handling the administrative and support tasks necessary to finalize financial transactions after trades are executed. This includes ensuring accurate record-keeping, reconciling accounts, processing payments, and confirming that all parties have fulfilled their obligations. These professionals work behind the scenes in banks, investment firms, or other financial institutions to minimize errors, manage risk, and ensure compliance with regulations. Their work is crucial to the smooth functioning of financial markets and the completion of trades.

What are the key skills and qualifications needed to thrive as a back office settlement professional, and why are they important?

To thrive as a Back Office Settlement professional, you need strong analytical skills, attention to detail, and a solid understanding of financial markets and settlement processes, often supported by a degree in finance or a related field. Familiarity with settlement systems like SWIFT, clearinghouse platforms, and proficiency in Excel or similar data management tools is typically required. Excellent organizational skills, problem-solving abilities, and effective communication are key soft skills that set top performers apart. These competencies are crucial for ensuring accurate and timely settlement of transactions, minimizing risk, and maintaining the integrity of financial operations.

What are some typical challenges faced by professionals in back office settlement roles, and how can they be managed?

Back Office Settlement professionals often face challenges such as tight deadlines, managing large volumes of transactions, and ensuring the accuracy of records to avoid costly errors. Staying organized and maintaining attention to detail are crucial, as even minor discrepancies can have significant financial implications. Effective communication with front office teams and other departments is important for quickly resolving settlement issues. Leveraging technology and automated systems can help streamline processes and reduce manual errors, making the workflow more efficient.

What is the difference between Back Office Settlement vs Back Office Operations?

AspectBack Office SettlementBack Office Operations
Primary FocusProcessing and reconciling financial transactions, ensuring settlement accuracySupporting daily administrative tasks, data entry, and record maintenance
Required CredentialsFinancial certifications (e.g., CFA, CPA), attention to detailAdministrative skills, basic financial knowledge
Work EnvironmentFinancial institutions, trading firmsBanking, brokerage firms, financial services

Back Office Settlement specialists focus on ensuring transactions are accurately settled and reconciled, while Back Office Operations staff handle broader administrative and support tasks within financial firms. Both roles are essential but differ in their core responsibilities and skill requirements.

What cities are hiring for Back Office Settlement jobs?

Cities with the most Back Office Settlement job openings:

What are popular job titles related to Back Office Settlement jobs?

For Back Office Settlement jobs, the most frequently searched job titles are:

Back Office Settlement jobs near you
Infographic showing various Back Office Settlement job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 87% Physical, 4% Hybrid, and 9% Remote job distribution, with an average salary of $40,115 per year, or $19.3 per hour.

Operation Service Department-Back Office FX MM Associate

Manhattan, NY • On-site

Bank of China Limited, New York Branch
See more jobs at Bank of China Limited, New York Branchexternal

$42K - $90K/yr

Full-time

Re-posted 9 days ago

Job description

Introduction
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
This position will be responsible to perform daily settlement, operation and administration process of FX & MM products and RMB clearing settlement, verify tickets, confirmation matching, payments verification, data accounting entries, run system batch and reports to ensure processes performed align with Bank's procedures, policy guidelines, standards, and regulatory requirements.
Responsibilities
Daily Settlements (60%)
  • Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlement.
  • Perform Corporate MM CBD funds and FI Time Deposit settlements.
  • Complete confirmation matching by perform post trade matching process via vendor applications.
  • Perform daily end of day reconciliation process to ensure complete and accurate operation process.
  • Monitor settlement of all trades to ensure timely resolution of any failing transactions by working with the Front Business Lines and counterparties timely.
  • Perform timely and accurate GL accounting entry postings in the core Treasury banking system.
  • Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving.
  • Report and escalate settlement issues to Supervisors.
  • Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
  • Restore business document files in accordance with retention policy.

Risk Management/ Compliance/Internal Audit (40%)
  • Understand and comply with Bank's procedures, policies, standards, and regulatory requirements.
  • Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense.
  • Update procedures to reflect current workflow processes and gaps on control processes.
  • Prepare monthly and quarterly reports to Head Office.
  • Prepare documents and responses requested by internal and or external parties and auditors timely.
  • Respond to Internal Audit Department's request timely.
  • Assist to remediate any audit issue findings.

Qualifications
  • Bachelor's degree required, Accounting or Finance preferred.
  • Microsoft Office, Advanced Excel Skill required. Programming Skills R, Python, SQL knowledge is a plus.
  • Knowledge or experience in back-office settlement preferred.
  • Knowledge of treasury and financial products characteristics as well as back-office settlement workflow preferred.

Pay Range
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.

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