Clearing and Settlement

**Clearing and Settlement - Associate**:
**Job ID**:R0393941

**Full/Part-Time**:Full-time

**Regular/Temporary**:Regular

**Listed**:2025-09-04

**Location**:Pune

**Position Overview**:
**Job Title: Clearing and Settlement - Associate**

**Location: Pune, India**

**Role Description**

Clearing and Settlement is responsible for managing the end-to-end clearing and settlement process. This is to ensure smooth and timely market settlement of securities and cash transfers between the bank and its counterparty. Work includes:

- Supporting interaction between internal and external stakeholders involved in the clearing and settlement process chain
- Allocating assets to optimize the portfolio strategically
- Ensuring adherence with market standards
- Clearing and settling through both primary and secondary markets and direct payments

**What we’ll offer you**

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above

**Your key responsibilities**

**Functional skills**:

- Assisting the team in decision making and taking complete ownership of the situation
- Daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties.
- Monitoring of same day equity trades ensuring settlement, releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.
- Monitoring of aged equity trades to ensure settlement, amending trades as per desk requests, performing reconciliations tasks, processing of crest returns.
- Monitoring International trades settlement for New York Entity, settling cash on new loans for collateral team to cover exposures.
- Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only
- Agree and settle all deals booked by the Fixed Income trading desk. Also manages the funding generated by these deals. Reconciles the reference linking between Broker system
- Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating between ASL clients
- Collateral management vs all Triparty Non Cash deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release.
- Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.
- Working on ASL projects & Initiatives. Producing Operational MI for client and cpty based processes. Trainer of staff for cross training and upskilling. Integrating new regulatory requirements into the team
- Reconciling cash screen balances to ensure they reflect the correct trading balance and the current running balance at Euroclear Bank
- Daily checking of tri party and corporate action Euroclear accounts. To ensure Tri party accounts are funded correctly and to monitor large balances on the corporate action account.
- Checking of over 500k balances across all ASL accounts to ensure there are no unknown balances.
- Daily CBL funding
- Calculating need for borrow at Euroclear, based on daily cash balances on ASL accounts. Ensuring borrow is executed and booked and eod funding performed.
- Monitoring the team performing the Calculation eod funding and, making payments.

**People /Process Management**:

- Provide adequate information during system issues to IT and Global owner for resolution.
- Participate on the Issue related call and take decision or check out in system when IT makes changes.
- Manage staff on a daily basis, distribute work, assign responsibilities, ensure appropriate staff motivation levels and continuous learning.
- Keep all operational guidelines updated and ensure adherence to standards, procedures and also identify risk mitigations wherever there is a control issue
- Conduct regular operational performance reviews and participate in monthly self-assessments.
- Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.
- Work closely with other internal teams on upcoming projects, assignments and initiatives
- Ensure performance of staff meet or exceed expectations.
- Participate in cross process initiatives which are formulated to create or improve existing processes.
- Cross train available resources to ensure 100% backup within the areas under control
- Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact o