Associate - Cash equity settlements

Job Title:

Associate

Date:

2025

Department:

Global Markets Operations – Securities settlements

Location:

Bengaluru

Business Line / Function:

Electronic equity – Security settlements

Reports to:

(Direct)

NA

Grade:

(if applicable)

Associate

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

POSITION PURPOSE

Primary responsibilities of the team includes:

• Settlement of Security transactions and associated products in a timely and cost effective manner
• Timely investigation into 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

Key Responsibilities:

• Responsible for the settlement of security transactions & associated products booked in Calypso, on a timely and cost effective basis by:

o Ensuring all trades are instructed, matched & settled on a timely basis

o Sufficient addditional proirity to failing trades/ aged trades

o Working to reduce fails and/or potential fails by means of pairing off or partialing down deliveries

o Minimizing fails by means of partial deliveries where possible

o Pre-matching trades on a daily basis

o Ensure sufficient intimation is sent to Cash Management team manage funding for trades

• Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:

o By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams

o By passing entries to the Calypso systems to clean up outstanding items on a timely basis

o By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams

o By investigating and solving accounting breaks raised by Securities Control & Accounting teams

o Escalating items that represent operational risk to the direct Manager

• Contribute to the minimisation of settlement costs & operational risk:

o By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk

• Contribute to the overall successful running of the settlement department:

o By maintaining good working relationships with many stakeholders and escalating problems to appropriate management team promptly where required

o By maintaining good working relationships with various agents and custodians

o By communicating with, and assisting, other operational departments where needed

o Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

Skills and competencies:

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

Experience Required

Minimum of 1 year experience

Skills Referential

Behavioural Skills: (Please select up to 4 skills) –

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Attention to detail / rigor

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level :

At least 1 year

Other/Specific Qualifications (if required)