Debt Settlements Expert for Government Securities
4 days ago
We are seeking a highly skilled Debt Settlements Specialist to handle the settlement process for government securities. This role involves managing and overseeing settlement activities, ensuring compliance with regulatory requirements, and executing transactions efficiently within the debt securities market.
Key Responsibilities:- Government Securities Settlements: Handle the settlement of government securities, including trade matching, confirmation, and reconciliation of transactions. Ensure accurate and timely settlement processing for both primary and secondary market transactions.
- System Usage & Expertise:
- Utilize Ekuber for settlement activities related to government securities.
- Operate the NDS-OM (National Clearing and Settlement System) for efficient settlement and clearing of securities transactions.
- Leverage Croms to perform necessary operations and monitor securities.
- Use Enotice for managing official notifications and communication related to government securities settlements.
- Utilize Esupport for troubleshooting and providing user support within settlement systems.
- Trade Processing: Validate, confirm, and reconcile transactions against trade information. Ensure that trades are processed correctly and on time, following all regulatory guidelines.
- Reconciliation: Perform daily, weekly, and monthly reconciliations to ensure discrepancies are identified, reported, and resolved promptly.
- Regulatory Compliance: Ensure all debt settlement activities comply with regulatory guidelines and internal policies. Stay updated on regulations and changes in debt securities processes.
- Reporting & Documentation: Maintain accurate and complete records of settlements. Prepare and submit settlement reports to relevant internal and external stakeholders.
- Collaboration: Work closely with other departments, such as risk, compliance, and treasury, to ensure smooth settlement operations. Liaise with brokers, custodians, and central banks to resolve settlement issues.
- Experience:
- Minimum of 5 - 8 years of experience in debt settlements, specifically with government securities.
- Proficiency in using Ekuber, NDS-OM, Croms, Enotice, and Esupport.
- Technical Skills:
- Strong working knowledge of settlement systems and tools used in debt and government securities markets.
- Familiarity with financial markets, especially government bonds, and debt instruments.
- Attention to Detail:
- Exceptional attention to detail, ensuring that all settlement transactions are accurate and reconciled.
- Ability to work under pressure and meet tight deadlines.
- Problem-Solving:
- Strong problem-solving skills to identify, investigate, and resolve discrepancies or issues in the settlement process.
- Communication Skills:
- Effective communication skills to collaborate with stakeholders, internal teams, and external partners.
- Strong written and verbal communication for report generation and compliance documentation.
- Educational Requirements:
- A Bachelor's degree in Finance, Economics, or a related field is preferred.
- Certifications in securities markets (e.g., NISM) will be an advantage.
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