Settlement Operations Manager

4 days ago

Mumbai, Maharashtra, India beBeeSettlement Full time ₹ 15,00,000 - ₹ 20,00,000
Job Description:

We are seeking an experienced Settlement Specialist to join our team. The ideal candidate will be responsible for ensuring accurate and timely processing of daily settlements and funding.

Key Responsibilities:

  • Responsible for all components of the daily settlement and funding, ensuring accurate and timely processing through adherence to internal control policies and procedures, trade capture processes, including trade blotter reconciliations and resolution of exceptions.
  • Research and resolve problems relating to specific P&S transactions.
  • Maintain proper daily workflow documentation evidence for regulatory and compliance purposes, ensuring that files are easily found, understood, and well-maintained.
  • Daily comparison of open trade breaks and ensuring items are tracked and actioned.
  • Reconciliation of securities out of balances, including processing of adjusting entries.
  • Daily interaction with external clients on trade capture related queries.
  • Match trades with broker dealer counterparts.
  • Monitor RTTM/GSCC (Advisories, exceptions, mismatches, and reversals).
  • Monitoring of Obligation Warehouse.
  • Monitor Euroclear to ensure matching of all Euroclear settlement items.
  • Monitor local market instruction and matching on international trades.
  • Resolve CNS exceptions and blotter issues (money & positions).
  • Work with settlements team to monitor and resolve trade breaks and fails.
  • Cover BAU functions within Middle Office and Settlements team if necessary.

Requirements:

The successful candidate will have a Bachelor's degree or higher in a relevant field and at least 3 years of experience in handling a team of minimum 10 members, with good knowledge of settlements and OTC derivatives.

Preferred Qualifications:

  • Ability to manage and complete specific tasks with minimal direction.
  • Should be able to act fast and decisively when dealing with critical situations – ability to read situations and act in minutes.
  • Willingness to continuously learn, upgrade skills, and stay relevant to business demands.
  • Excellent interpersonal skills – ability to network and earn confidence of diverse client personnel plus interaction with and management of eClerx India based operations team.

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