Associate - Cash equity settlements
4 weeks ago
Position Purpose
Primary responsibilities of the team includes:
Settlement of Security transactions and associated products in a timely and cost effective manner
Timely investigation into nostro and depot breaks
Collectively working towards mitigation of operational and reputational risk by escalating in a timely and efficient manner
Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
Responsibilities
Key Responsibilities:
Responsible for the settlement of security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
o Ensuring all trades are instructed, matched & settled on a timely basis
o Sufficient addditional proirity to failing trades/ aged trades
o Working to reduce fails and/or potential fails by means of pairing off or partialing down deliveries
o Minimizing fails by means of partial deliveries where possible
o Pre-matching trades on a daily basis
o Ensure sufficient intimation is sent to Cash Management team manage funding for trades
Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
o By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
o By passing entries to the Calypso systems to clean up outstanding items on a timely basis
o By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
o By investigating and solving accounting breaks raised by Securities Control & Accounting teams
o Escalating items that represent operational risk to the direct Manager
Contribute to the minimisation of settlement costs & operational risk:
o By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
Contribute to the overall successful running of the settlement department:
o By maintaining good working relationships with many stakeholders and escalating problems to appropriate management team promptly where required
o By maintaining good working relationships with various agents and custodians
o By communicating with, and assisting, other operational departments where needed
o Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
Skills and competencies:
Ability to analyze and organize efficiently
Adaptable to different working methods and dynamic international environment.
Rigorous and proactive to reach excellence anytime
Diligently follow the set procedures and Compliance policies
Knowledge of financial markets and products, and easiness/expertise in dealing with MS Excel.
Language skills required: Business English
Experience Required
Minimum of 1 year experience
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