Market Settlement Specialist

3 days ago

Pune, Maharashtra, India beBeeSettlement Full time ₹ 9,00,000 - ₹ 12,00,000
Clearing and Settlement Specialist

The Clearing and Settlement Specialist is accountable for managing the end-to-end clearing and settlement process; ensuring smooth and timely market settlement of securities and cash transfers between entities. This includes clearing and settlement through primary and secondary markets, or direct payment to clients and counterparties.

The Clearing and Settlement Specialist supports interfaces with different internal and external stakeholders (front office, clients, brokers, nostro agents, exchanges, and clearing houses) involved in the clearing and settlement process chain, according to the market standards. The role is responsible for trade date to settlement date processes (pre-matching and confirmation, trade processing, cash transfer, instruction routing, depot, and inventory management, funding, and settlement monitoring) and post-settlement date processes (fails management).

Key Responsibilities:

  • Collaborate with brokers, custodians to settle trades in a timely manner.
  • Investigate trades if any discrepancies and should reach out to respective teams/brokers for necessary corrections.
  • Escalate to Front Office for unsettled trades as per escalation matrix.
  • Prepare daily and monthly reports for outstanding trades/breaks on timely basis.
  • Prepare monthly KPI and Give up fees report.
  • Ensure team adherence to all cut-off times and quality of processing as maintained in SLA.
  • Respond to queries/first level escalations related to routine activities within the specified time frames.
  • Ensure healthy and harmonious relationships with clients, partner teams as well as own team.

Skills and Qualifications:

  • Strong analytical skills.
  • Fluency in Microsoft Office skills.
  • Good communication and interpersonal skills.
  • Exposure to Equity and Bonds is preferable.
  • Understanding of Trade life cycle.
  • Excellent team player with good communication and interpersonal skills.

Role Information:

  • Role: Customer Onboarding - Non Voice.
  • Industry Type: Investment Banking / Venture Capital / Private Equity.
  • Department: Customer Success, Service & Operations.
  • Employment Type: Full Time, Permanent.
  • Role Category: Non Voice.
  • Education: UG - Any Graduate, PG - Any Postgraduate.

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