Senior Analyst - Settlements

Role description

The position is available with Securities - Prime brokerage operations team, the reporting line is to delivery manager as first line of management and further supervision to a Function head

The main responsibility is to be able to deliver 100% quality production by way of Monitoring and Completion of activities and tasks related to processing of trade life cycle functions in SEC operations. This position also requires handling of supplementary responsibilities like SOP review, cross trainings, PDP’s, completions of checklists and EOD controls, etc. Demonstrate adaptability and agility towards process needs by being flexible in terms of shifts and working hours. In addition, staff is also expected to work on projects and process improvements which will lead to better efficiency, controls and client delight.

Role description

The position is available with Securities - Prime brokerage operations team, the reporting line is to delivery manager as first line of management and further supervision to a Function head

The main responsibility is to be able to deliver 100% quality production by way of Monitoring and Completion of activities and tasks related to processing of trade life cycle functions in SEC operations. This position also requires handling of supplementary responsibilities like SOP review, cross trainings, PDP’s, completions of checklists and EOD controls, etc. Demonstrate adaptability and agility towards process needs by being flexible in terms of shifts and working hours. In addition, staff is also expected to work on projects and process improvements which will lead to better efficiency, controls and client delight.

Securities Prime Brokerage Settlements main responsibilities and tasks :

· Responsible for Pre-matching and fails management for the Equity, Fixed income, Repo and Rev-Repo trades in Global Market.

· Liaise with Custodians, Brokers / Trade Support and front office teams to avoid, market penalties in all markets

· Ensure all market penalties , buy-in notifications are acted upon in a timely manner, passing notification on to relevant counterparts , escalating to business line, trading desks and direct manage

· Responsible for 100% pre-matching and narrating the same in system

· Responsible for Netting and Pairing off the trades as per clients bookings.

· Responsible to follow client money regulation as per FCA norms.

· Responsible to process the Cash Settlements within stipulated currency cut off time

· Responsible to handle claims and penalties for the clients with detailed investigation

· Prioritize the trades as per market and Value to avoid any Buy-in execution.

· Responsible for collating fails reports to management, business lines and trading desks on a daily basis

· Daily/ Weekly and Monthly KPI Reporting to all the stakeholders.

· Process payments, journals, securities movement in accordance with the guidelines.

· Ensures end-of-day accuracy and with consistency

· Systematically raises alerts in case of abnormal events; breaks etc

· Performs internal controls (permanent supervision, FBK validation, etc...)

· Monitors key performance indicators

· Monitors operational risks (e.g. exceptions follow-up, pending trades, breaks etc)

· Participates in projects to support the business line

· Close collaboration with all upstream and downstream partners involved in the chain

· Self-starter, naturally proactive continually looking to expand knowledge

· Thrive in the team environment whilst still being a strong individual contributor

· Strong relationship building, management and influencing skills