Associate Level 1/senior Associate

3 weeks ago


Bengaluru, India Riverforest Connections Full time

**Job Description
Primary responsibilities of the team includes:
Timely investigation and resolution of cash and securities breaks

Mitigation of operational and reputational risk by escalating to the appropriate stakeholders in a timely and efficient manner

**Key Responsibilities**:

- Responsible for the settlement of Security transactions & associated products booked in Calypso or BOLIVAR, on a timely and cost effective basis by:

- Analysis of cash and securities breaks and ensuring that all breaks are identified and properly allocated
- Identification and correct allocation of breaks of different source system such as AGL / ALDOP, Trade Compare tools (Pirum and Equilend)
- Investigate FOBO breaks and take all appropriated actions and warnings to solve the breaks.
- Identification and follow-up of operational and IT issues related to the activity
- Investigations and reporting on ITO demands
- Reporting and communication to the impacted stakeholders (FO, BO, IT) and management
- Alerts and escalations to the management
- Contribute to the minimisation of settlement costs & operational risk:

- By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
- If necessary, using the escalation process when operational risk is detected
- Contribute to the overall successful running of the settlement department:

- By maintaining close relationships with Settlement teams and escalating problems to them promptly where required
- By communicating with, and assisting, other operational departments where needed
- Ensuring direct Managers are kept informed of any potential problems & issues where appropriate
- Process improvements and IT enhancements
- Contribution to projects related to the efficiency of the processes and systems
- Proposing new developments or improvements in the existing chain in order to secure the processes and reduce the operational risk
- Contribution to the team development:

- Formalization of team procedures and operating guides
- Participation of training and coaching for new joiners

**Skills and competencies**:

- Ability to analyse, organize and report efficiently.
- Flexibility on working methods and changing international environment.
- Rigorous and reactive in order to face pressure and reach excellence anytime
- Diligently follow the set procedures and Compliance policies
- Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
- English speaker

**Skills Required**:
Securities Lending

**Location**

Bangalore/Bengaluru

**Years Of Experience**

3 to 7 Years


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