Senior Settlement Specialist

5 days ago


Mumbai, Maharashtra, India beBeeSettlement Full time

Job Title: Senior Settlement Specialist

 

The Role:

  • Manage the settlement and reconciliation process, ensuring accurate and timely processing of cash flows, settlements, and reconciliations.
  • Develop and maintain relationships with counter parties to ensure smooth cash flow confirmation and affirmation in systems.
  • Process and update cash flow information in SSI, correcting any errors or discrepancies.
  • Investigate and resolve fails management, breaks resolution, and reconciliation of breaks with fails.
  • Stay updated on SWIFT messages used in cash settlements, including MT103, MT202, and MT210.
  • Assess client money use and its implications, as well as electronic confirmation platforms like Markitwire, DTCC, and CLS.
  • Maintain a basic understanding of financial products, including Fixed Income, CDS, IRS, Equity Swaps, Equity Options, FX Forward, and FX Options.
  • Utilize Excel skills, both basic and advanced, for data analysis and reporting.

Required Skills & Qualifications:

  • Minimum academic qualifications include graduation (B.Com./BBA/BBM/BCA) or post-graduation (CA/M.Com./MBA/MCA/PGDM).
  • Experience span includes 4 to 6 years of experience handling a team of at least 5-6 members with expertise in settlements, reconciliation, payments, and nostro, along with an overall experience of 4 to 6 years.
  • Shift time is from 7.30pm to 4.30am IST.

Functional & Technical Skills:

  • Knowledge of tools and industry utilities such as DTCC, CLS, MarkitWire, and ALERT.


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