
Financial Settlements Specialist
1 day ago
To succeed in this position, you should possess a strong understanding of equities and fixed income products, as well as the trade life cycle.
Main Responsibilities- Ensure timely prematching of trades and update status to client brokers within agreed timelines.
- Communicate amendments required to clients and brokers, and follow up to obtain necessary information.
- Adhere strictly to maker-checker controls and ensure activities are conducted in accordance with established checklists.
Identify and highlight open risk areas, and present findings to management for resolution.
Business AcumenUnderstand the bank's goals and objectives, and work towards achieving them. Knowledge of custody operations, securities settlements, financial market operations, agent banking, sub-custody operations, and clearing will be advantageous.
Operational Procedures- Process settlement transactions efficiently.
- Prematch trades and report trade status regularly.
- Ensure timely submission of trades to markets and fund repatriation.
Recognize operational risks at transactional level and take necessary actions. Escalate issues to senior management within defined parameters. Demonstrate awareness of transactional-level fraud.
Compliance and EthicsBe aware of group policies and procedures. Understand risk mitigation strategies. Conduct business with integrity, adhering to the bank's values and code of conduct. Take personal responsibility for embedding high standards of ethics across the organization.
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