OPS-SS / Settlements Professional

Job Summary

Job Title: OPS-SS / Settlements

Mumbai

Skill Category: Operations

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

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.