Associate

• Primary responsibilities of the team includes:
• Settlement of Security transactions and associated products in a timely and cost effective manner
• Timely investigation of nostro and depot breaks
• Collectively working towards mitigation of operational and reputational risk by escalating in a timely and efficient manner
• Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Responsibilities

• Contribute to the overall successful running of the settlement department:
  • By maintaining close relationships with all stake holders & escalating problems to relevant teams promptly where & when required
  • By maintaining good working relationships with domestic agents and custodians
  • By communicating with, and assisting, other operational departments where needed
  • Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

Key Responsibilities:

• Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
  • Ensuring all trades are instructed, matched & settled on a timely basis
  • Sufficient additional priority given to failing trades / Aged trades
  • Working to reduce fails and/or potential fails by means of pairing off or partialing down deliveries
  • Minimizing fails by means of partial deliveries where possible
  • Pre-matching trades in a daily basis
  • Ensure sufficient intimation is sent to Cash Management team to manage funding for trades
• Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
  • By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
  • By passing entries to the Calypso systems to clean up outstanding items on a timely basis
  • By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
  • By investigating and solving accounting breaks raised by Securities Control & Accounting teams
  • Escalating items that represent operational risk to the direct Manager

• Contribute to the minimisation of settlement costs & operational risk:
  • By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
  • Take swift actions in case of potential market risks (buyins, corporate actions, etc)
  • Using the available escalation matrix when operational risk is detected

• Ability to analyse, organize and report efficiently
• Adaptable to different working methods and dynamic international environment
• Rigorous and pro-active in order to reach excellence anytime
• Diligently follow the set procedures and Compliance policies
• Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
• Language skills required: Business English