Associate Level 1 - PL Settlements

Associate / Senior Associate will be responsible for performing daily tasks related to Collateral / Billing / Settlements function carried out in the Principal lending department. He/ She will work on the daily tasks, monitor the settlement / agreeing collateral or monthly billing and will report directly to the Assistant manager of the function. The staff will be working closely with Paris management, Relationship management, Front office and external Brokers as part of their daily BAU.

Responsibilities

Get trained in respective function and tasks of the Principal Lending.

Liaising closely and provide an exceptional level of service to the Front Office.

Keep up and manage every operational aspects linked to the activity of Principal Lending and maintain quality relationship with respective custodians, external stakeholders like counterparties and also with our traders.

Check the exposures on client funds during the day and manage daily call margins with brokers and with triparty agents

Monitor all the loans booked by Front Desk & collateral trades are settled in time in adherence to the settlement cycle.

Sending the billing invoices, perform recon in case of differences to close billing within the SLA of the function.

Resolve breaks in the reconciliation in collaboration with reconciliation team.

Must be able to see tasks through to completion with a sense of accountability.

Ensure Client & management reporting is made within deadline and without any errors or delay.

Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.

Manage internal and external audit and own up the finding and recommendation and steer it until completion Implement temporary/strategic fix to reduce risk and manual work via consultative approach with Global stakeholders

Co-ordinate on all Audit related activities related to the perimeter and ensure results are "General Satisfactory"

Fair understanding of the regulatory environment and upcoming changes.

Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

Ability to work in a team environment in coordination with the colleagues and the mangers.

Proficient in Microsoft Office Applications and strong MS Excel skills required