Team Member

Process Overview:

EMEA Securities Settlements team perform various functions like pre-matching, settlements, sufficiency, Depot Transfers. We work on both equities and fixed income products. Maintaining client/broker relationship and keeping the market, credit, liquidity, and operational risk to its minimum is key to success. Teams interact with several different internal teams which are part of trade lifecycle and also with various counterparties externally to match/settle the trades.

Job Description:

This is a great opportunity for someone looking to gain experience in the world of securities. The associate will be part of the Securities Settlements team working in a fast-paced and time-sensitive environment.

The successful candidate will be responsible for pre-matching, matching, trade narrations, and timely settlement of trades-value date and failing trades, stock loan reconciliation, Depot Management functions across CREST, Domestic, and Euroclear markets.

Although working individually, success is measured at a team level, with internal targets and results being measured against the Line of Business external peer group on a regular basis. The level of error-free settlements, adhering to the regulators requirements (Segregation Violations, Fines), and our success in the market versus our peer group is a key barometer in measuring the control of risk around the process.

The key to success is to ensure we settle all equity trades within tight deadlines as prescribed by the SLA. In a deadline-driven environment, turnaround, accuracy, and escalation are of high importance as we are at risk to market movements, traders P&L, client relationship, and the bank's reputation including settlement risk. Sense of urgency and attention to detail are pivotal competencies required to perform the functions.

Responsibilities:

• Pre-matching and matching trades on VD-1 and VD with counterparties. Trades which are unmatched are to be identified, researched, and actioned for resolution.
• Reduce failing trades and increase settlement efficiency.
• Settle failing trades by liaising with various external clients, brokers, local agents, and custodians.
• Reduce intercompany failing trades across.
• Ensure capital exposure is as per the levels fixed by the regulators.
• Ensure that there are no segregation violations as per SEC regulations and fines imposed by regulators are well below prescribed standards.
• Prioritize reducing failing sell trades to mitigate the risk of buy-in threat to the firm.
• Take necessary steps to ensure that buy-in threats are avoided to the firm as a result of failing trades.
• Ensure Depot transfer requests entered in the system are settled on time by liaising with Custodian and Client Services.
• Ensure that breaks pertaining to stock loan are resolved within defined timelines.
• Research trades which are not recognized by CP and check if they are valid, following the escalation procedure to make sure that trade is settled on the same day or cancelled.
• Perform telephone confirmations on transactions due for settlement/matching.
• MIS, reporting of operational and trading exposures to management.
• Responsible for clearing items on the daily exception accounting reports.
• Maintain established productivity levels as per SLA.
• Ensure that all established procedures are followed.
• Meet or exceed all deadlines given as per SLA.
• Be flexible in attitude and approach and be willing to work extra hours during the week with overflow of volume and to provide cover for planned and unplanned holidays.

Requirements:

• Education: Graduate/Post Graduate
• Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure.
• Understanding of investment banking.
• Good understanding of capital markets and trade life cycle.
• Excellent verbal and written communication skills and effective interpersonal skills.
• Ability to work under pressure with excellent attention to detail.
• Ability to multitask and prioritize.
• Escalation of critical risks and non-compliance with policies, standards, and limit.
• Desired skills - Flexible.