Settlement Officer

1 week ago

Chennai, Tamil Nadu, India BNP Paribas Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Position Purpose

We are seeking a reliable and detail-focused Officer to support day-to-day post-trade operations across APAC and EMEA markets. This role plays a critical part in ensuring accurate and timely trade settlements, with specific attention to pre-matching, exception handling, and reconciliation tasks. The role demands strong process execution, control adherence, and timely escalation of trade-related issues. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.

Key Responsibilities

Trade Processing & Pre-matching:

Processing client instructions into settlement system without any error and processing to market terminal. (from trade capture to smooth settlement)

Monitoring client execution and providing timely reporting to clients on status and short positions.

Keeping clients posted on the latest status of their trades with BNP, ensure to provide real time update with MT548 (Swift Message) for any mismatch or discrepancy with the trades.

Liaising with the counterparties for pre-matching over the phone/email to enhance smooth settlement.

Liaising with various internal and external stakeholders for any static requirement/setup/account manager follow-ups to ensure the trade settlement has no impact.

Monitoring client trades and market terminal close to respective market cut-off for any last-minute requirements or adjustment in transactions.

Risk Management:

Margin call monitoring and processing/posting for shortages on same day.

Prepare MT103/ MT202 payments related to margin posting and ensure SSIs are being validated with effective controls.

Preparation of Journal posting for Fees/Maintenance with Settlement Bank/ Interest Charges.

Reconciliation Break & Resolution:

Perform daily cash and securities reconciliations between internal ledgers and custodian/clearing house statements.

Assist in breaks investigation and resolution by identifying booking errors, missing instructions, or funding gaps.

Keep regular follow-ups on long pending breaks and provide periodic feedback. Escalate to management if its been pending for more than the given agreed period.

Fails Management:

Investigate settlement failures caused by incorrect SSIs, short positions, or unconfirmed trades.

Follow up with brokers, custodians, and internal stakeholders to ensure prompt fail resolution.

Investigate fail trades and report to client with exact failing reason on daily basis.

Generic:

Familiar with Swift Messages (MT54X, MT599)

Knowledge on Depository/ Custody and stock market functions.

Perform daily and monthly duties as required by the team for audit purposes.

Ensure all the tasks are covered for the day and the same has been updated in daily checklist tool.

Working knowledge in trade life cycle and end-to-end settlement process is added advantage.

Technical & Behavioral Competencies

Demonstrate analytical and Problem-solving skills, Numerical Skills, basic knowledge in

MS Excel (macros and visual basic)

Good interpersonal skills and the ability to multitask in a demanding and fast paced environment.

Proven ability to manage time critical and deadline orientated workload.

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