Associate Level 1 - PB Settlements EMEA

Position Purpose

Primary responsibilities of the team includes:

Settlement of Security transactions and associated products in a timely and cost effective manner

Timely resolution of nostro and depot breaks

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 Monitoring of failing trades

o Reducing 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 in a daily basis

o Cash Management related with funding 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

o Monitors and take appropriate actions in case of market risks (buyins)

o By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary

o By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules

o If necessary, using the escalation process when operational risk is detected

Contribute to the overall successful running of the settlement department:

o By maintaining close relationships with traders and sales and escalating problems to them promptly where required

o By maintaining good working relationships with domestic 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.

Ability to analyse, organize and report efficiently

Flexibility on working methods and changing international environment

Rigorous and reactive in order to face pressure and reach excellence anytime

Diligently follow the set procedures and Compliance policies

Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.

English speaker

NA

Skills Referential

Behavioural Skills:

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Attention to detail / rigor

Communication skills - oral & written

Transversal Skills:

Analytical Ability

Ability to understand, explain and support change

Ability to develop others & improve their skills

Ability to develop and adapt a process

Ability to develop and leverage networks

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 year