Associate Level 1 - Security / Equity Settlements

Job Description

Position Purpose 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. Direct 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 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 Contributing Responsibilities 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 Technical & Behavioral Competencies 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 (if required) Nil 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 and adapt a process Choose an item. Choose an item. Education Level: Bachelor Degree or equivalent Experience Level At least 2 years.