OPS-SS / Settlements Professional

Job Summary


Role Responsibilities

• As the term suggests, this is the initial stage in timely settlement of a trade. At this stage the primary objective is to agree all the dynamics of the trade to ensure its correct settlement.
• This activity is started at VD-1 stage (one day prior to Value date), which can differ if required by market regulations and other specifications around a trade.
• This is done via email and phone follow-ups to ensure audit and compliance requirements are adhered to
• Settlement Day Matching and Settlements: This is the day the trade actually settles in the market. A lot of activity is generated around the trade, from covering short positions to deliver to chasing counterparty brokers in case of failing receipts.
• Following up with the local agent banks also form a part of Value date settlements, to ensure our instructions are matched and to resolve any agent level issues.
• Trades that require special attention - Corporate actions, New Issues, Potential Buy-in deliveries, Market regulated claims are given priorities and settled in accordance to the standard operating procedure.

F a i l s M a n a g e m e n t

• Root cause analysis and resolution of all failing trades which are not settled on respective value date within the specified cut-off as per the Market.
• Informing Desk / Sales to cover short positions, and taking steps to mitigate any risk around the fails.
• Reporting and Escalation of the failed trade to respective MO / FO

Exceptions Queue Management

• Trades that feed in with any of the economics missing form a part of Exception Queues. We resolve any exceptions that occur around Settlement exceptions, Swift Exceptions.

Reconciliations

• Form part of Post settlement activity which is actual reconciliation between the cash and stock reports. Any breaks or discrepancies are closely monitored and investigated.

Client Reports

• Reporting on a daily basis / as required by clients for their cash and stock positions.
• Funding reports.
• MTM status reports.

MIS and Control Activities

• A daily MI is published for us to understand our risks in the market and taking mitigating actions to avoid financial losses and loss of goodwill in the markets.
• This MI is published at different levels - ranging from India Management to Global Audience.
• An error log is also maintained to remain on top of any error / issue that we see in the future.

Position Specifications

• Corporate Title: Analyst
• Functional Title: Analyst/Sr Analyst

Experience Qualification

• Experience: 1-4 years
• Qualification: Graduate/MBA

Key Skills

• Securities settlements
• EMEA US Markets
• Trade lifecycle product knowledge (Equity, Fixed income)
• Stakeholder management
• Workflow tools
• Data understanding
• Excel Macro
• Python
• Power-Bi

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