Job Title
Associate
Date
2025
Department
Global Markets Operations – Securities settlementsLocation:Bengaluru
Business Line / Function
Electronic equity – Security settlements
Reports To
(Direct)NA
Grade
(if applicable)Associate(Functional)
Number Of Direct Reports
NA
Directorship / Registration
NAPosition 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:
- Ensuring all trades are instructed, matched & settled on a timely basis
- Sufficient addditional proirity 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 on a daily basis
- 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:
- 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
- Contribute to the overall successful running of the settlement department:
- By maintaining good working relationships with many stakeholders and escalating problems to appropriate management team promptly where required
- By maintaining good working relationships with various 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.
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 drivenAbility to collaborate / TeamworkCommunication skills - oral & writtenAttention to detail / rigorTransversal Skills: (Please select up to 5 skills)Ability to understand, explain and support changeAnalytical 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
