Associate Level 1 - Cash Equity Settlements

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

Specific Qualifications

Skills Referential

Behavioural Skills:

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Attention to detail / rigor

Transversal Skills:

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Education Level:

Bachelor Degree or equivalent