Job Overview-
Securities Settlements are responsible for the timely settlement and reconciliation of securities trades and related monies. Product scope can include listed securities on respective exchanges, fixed income debt products and funds. Trade scope can extend to broker-dealer, agency, proprietary, custody, stock-borrow and repo trades. The market scope is primarily for APAC markets
Job Responsibilities-
- Trade pre-matching including (where applicable) communication with counterparties, agent banks and internal teams to resolve trade mismatches
- Fail management including timely matching, stock borrowing requests, fail coding and narration
- Client statement/confirmation creation (where applicable)
- Exception queue management (negative acknowledgment, system feed issues)
- Management of control or risk issues with by raising it to the senior management whenever applicable
- You will have to reconcile depot and nostro accounts by including timely resolution of breaks and narration along with signing off of general ledger accounts
- Review daily risk indicators and raise to management for spikes/incident
- My Incidents documentation and ownership of resolutions for operations incidents
- Compliance with regulatory requirement of respective entities supported including client monies and securities processes (following agreed procedures)
- Business partner management including liaison with Trading, Sales, Client Service Reps, Trade Management, Finance, Product Control and Group Ops colleagues
- Responsible for all procedures and checklists to be maintained
- Be primary SME or Ops approver for new business change initiatives (new market/product/trade enablement)
- Coordinate and own all business continuity matters for your team
- Identify, advance and implement control and efficiency improvements
- Expected to lead human capital strategy for team, including attracting and retaining top talent
Qualifications and Requirements-
- Minimum of 12+ years of post qualification experience
- Strong analytical skills along with creativity in order to develop new and rare ways to improve operations of the organization and to build new opportunities.
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