Settlements Analyst Associate Manager Salary Guide UK 2025 | Operations Jobs
Settlements Analyst Associate Manager Salary Guide UK 2025 | Operations Jobs
Settlements Analyst, Associate & Manager Salary Guide UK 2025
Settlements Operations Focus: Settlements professionals ensure the accurate and timely completion of securities transactions across multiple asset classes. This critical function involves coordinating with counterparties, custodians, and clearing systems to minimize settlement risk and ensure regulatory compliance. As financial markets become increasingly complex and regulations tighten, skilled settlements professionals are essential for operational efficiency and risk management.
2025 Settlements Salaries (Analyst-Manager Level)
Analyst/Associate: £30,000 – £60,000
Manager (AVP): £60,000 – £75,000
Senior Manager (VP): £75,000 – £100,000
Compensation Overview
Settlements Salary Table 2025
Position Level
Title
Base Salary Range
Daily Rate (Contract)
Experience Level
Entry/Mid Level
Analyst/Associate
£30,000 – £60,000
£180 – £300
0-5 years
Manager
Manager (AVP)
£60,000 – £75,000
£325 – £375
5-8 years
Senior Manager
Senior Manager (VP)
£75,000 – £100,000
£400 – £575
8-12 years
Director
Director/Managing Director
£120,000+
£700+
12+ years
📊 Settlements Analyst Roles (£30k – £60k)
Asset Class
Entry Level
Experienced Level
Complexity
Market Demand
Equity Settlements
£30,000 – £40,000
£40,000 – £55,000
Moderate
Moderate
Fixed Income
£32,000 – £42,000
£42,000 – £58,000
Moderate-High
High
FX Settlements
£35,000 – £45,000
£45,000 – £60,000
High
High
OTC Derivatives
£38,000 – £48,000
£48,000 – £65,000
Very High
Very High
Prime Brokerage
£40,000 – £50,000
£50,000 – £70,000
High
High
🎯 Settlements Associate/AVP Roles (£60k – £75k)
Role Focus
Salary Range
Key Responsibilities
Skills Required
Team Lead
£60,000 – £70,000
Lead small team, escalations
Leadership, technical expertise
Senior Specialist
£62,000 – £72,000
Complex exception handling
Deep product knowledge
Process Improvement
£65,000 – £75,000
Workflow optimization
Process mapping, automation
Client Interface
£63,000 – £73,000
External stakeholder management
Communication, problem-solving
👔 Settlements Manager/VP Roles (£75k – £100k)
Management Level
Team Size
Salary Range
Total Compensation
Assistant Manager
8-12 people
£70,000 – £80,000
£80,000 – £95,000
Settlements Manager
12-20 people
£75,000 – £90,000
£90,000 – £110,000
Senior Manager
20-35 people
£85,000 – £100,000
£105,000 – £125,000
VP Operations
35+ people
£95,000 – £110,000
£120,000 – £140,000
Institution Type and Salary Comparison
Institution Type
Analyst Range
AVP Range
VP Range
Bonus %
Bulge Bracket IB
£40,000 – £60,000
£68,000 – £78,000
£85,000 – £105,000
20-40%
European IB
£35,000 – £55,000
£62,000 – £72,000
£78,000 – £95,000
15-30%
UK Domestic Banks
£32,000 – £50,000
£58,000 – £68,000
£72,000 – £88,000
10-25%
Asset Managers
£30,000 – £48,000
£55,000 – £65,000
£68,000 – £85,000
10-20%
Custodian Banks
£28,000 – £45,000
£52,000 – £62,000
£65,000 – £80,000
8-18%
Hedge Funds
£35,000 – £55,000
£62,000 – £75,000
£80,000 – £100,000
25-50%
Technology Impact on Settlements Roles
Technology Skill
Analyst Premium
AVP Premium
VP Premium
Future Impact
SWIFT/ISO 20022
+£3,000-5,000
+£5,000-8,000
+£8,000-12,000
Critical for T+1
DLT/Blockchain
+£5,000-8,000
+£8,000-12,000
+£12,000-18,000
Transformational
API Integration
+£4,000-7,000
+£7,000-10,000
+£10,000-15,000
Growing importance
RPA/Automation
+£3,000-6,000
+£6,000-9,000
+£9,000-15,000
Efficiency driver
Data Analytics
+£2,000-5,000
+£5,000-8,000
+£8,000-12,000
Decision support
Geographic Salary Variations
Location
Analyst Range
AVP Range
VP Range
Market Activity
London (City)
£35,000 – £60,000
£65,000 – £75,000
£80,000 – £100,000
Very High
Edinburgh
£28,000 – £50,000
£55,000 – £65,000
£68,000 – £85,000
High
Manchester
£25,000 – £45,000
£50,000 – £60,000
£62,000 – £78,000
Moderate
Birmingham
£24,000 – £42,000
£48,000 – £58,000
£60,000 – £75,000
Moderate
Belfast
£22,000 – £38,000
£45,000 – £55,000
£55,000 – £70,000
Growing
Offshore (India/Poland)
£8,000 – £18,000
£15,000 – £25,000
£22,000 – £35,000
Very High
Career Progression Timeline
Experience
Typical Role
Salary Range
Key Development Areas
Promotion Time
0-2 years
Graduate/Junior Analyst
£25,000 – £35,000
Basic settlements, system training
18-24 months
2-4 years
Settlements Analyst
£35,000 – £50,000
Product expertise, exception handling
24-30 months
4-6 years
Senior Analyst
£45,000 – £60,000
Process improvement, training
24-36 months
6-9 years
AVP/Assistant Manager
£60,000 – £75,000
Team leadership, stakeholder management
36-48 months
9+ years
VP/Manager
£75,000 – £100,000
Strategic planning, vendor management
Ongoing development
Key Settlements Systems and Platforms
System/Platform
Primary Use
Skill Premium
Market Demand
SWIFT (MT/MX messages)
Cross-border payments
+£3,000-8,000
Essential
Euroclear/Clearstream
European settlement
+£4,000-7,000
High
CREST
UK equity settlement
+£2,000-5,000
Moderate
DTC/NSCC
US settlement
+£3,000-6,000
High
Calypso/Murex
Trade lifecycle
+£5,000-12,000
Very High
Contract Market Opportunities
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Day rates for settlements contract professionals:
T+1 Implementation: £400-700/day (premium for US market experience)
System Migrations: £350-600/day
Process Improvement: £300-500/day
Regulatory Projects: £350-550/day
BAU Coverage: £250-400/day
Crisis Management: £500-800/day (emergency rates)
Future Career Paths from Settlements
Middle Office Risk: Natural progression to trade validation and P&L
Product Control: Valuation and revenue recognition roles
