OFB Tech Senior Settlement Specialist
3 weeks ago
Job Summary: We are seeking an experienced Senior Settlement Specialist to join our team at OFB Tech Pvt Ltd (OfBusiness). The ideal candidate will have a strong background in bond life cycle, including calculations and settlement, corporate actions, and financial markets.
Key Responsibilities:
- Oversee and manage bond settlements for various bond types, including fixed, floating, and zero-coupon.
- Accurately and timely settle Trades with adherence to the NSE/BSE cut-offs and regulations.
- Proactively work with external clients and desks to ensure timely allocation and matching of trades.
- Maintain accurate records of settlement of trades.
- Post-settlement work-flows activity, including cashflows to clients, TDS, and resolution of any other ad-hoc queries.
- Handle daily cash flows and ad-hoc queries from custodians and brokers.
- Perform daily reconciliation of positions, cash balances, and transactions between internal systems and external statements, and generate and review operational reports, including trade activity, position summaries, and performance metrics.
- Maintain accurate transaction records and communications, ensuring all documentation is available for audits and compliance.
Requirements:
- Strong attention to detail and problem-solving skills.
- Ability to learn independently and work in a team environment.
- Strong interpersonal skills with the ability to interact with all levels of staff and Senior Management.
- Outstanding analytical skills with the ability to understand business functions and processes quickly.
- Ability to be hands-on, flexible, follow tight deadlines, organize and prioritize work, and deliver results quickly.
- Exceptional written and verbal communication, collaboration, and negotiation skills; fluent in English.
- High level of proficiency with Microsoft Excel and PowerPoint.
What We Offer: An opportunity to be part of a fast-growing group, with a steep learning curve, a lot of ups and downs, and best-in-class rewards. This role offers a vast exposure to different types of businesses, including a sizeable NBFC business, a large commerce/aggregation player, and a manufacturing business with 26 plants across various sectors.
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