Associate Level 1 - SLAB

Primary responsibilities of the team includes:

Ensure timely settlement of DTCC transactions

Ensure timely settlement of Euroclear transactions Daily monitoring and resolution of Loanet contract compare breaks

Process Loanet same day trade closeouts

Monitor / resolve breaks, dks, and nostro rec items

Settlement / resolution of DTC coupon & redemption items

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

Acting as a first level escalation contact, it is essential for this role to ensure the team deliverables are met and issues are highlighted to the appropriate groups and stakeholders in a timely manner.

Responsibilities

Key Responsibilities:

1. Responsible for the FI settlement , 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 & updating calypso with details of reason for fails

o Reducing fails and/or potential fails by means of pairing off or offering partial for deliveries

o Pre-matching trades on a daily basis

o Cash management related with funding trades

1. Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:

o By investigating and where possible, clearing all nostro breaks reported by Securities Control teams

o By investigating and where possible, rectifying all depot breaks on a timely basis reported by Securities

o Control teams

o By investigating and solving accounting breaks raised by Securities Control & Accounting teams

1. 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

o operational or reputational risk

o Monitor and take appropriate actions in case of market risks such as buy-ins, penalties etc.

o By seeking to improve STP rates at our custodians thereby reducing cost

o 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

1. 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 and to the Client relationship management on the whole Security Post-Trade Processing area in coordination with CIB CLM OCRM e.g. meetings, investigations, surveys.

o Contribute to ensure all required materials such as procedures, SOP, Skill Matrix, trainers identified, are updated.

o Raise to the management / project teams any dysfunctionality during the course of BAU

o Actively contribute to UAT testing where necessary and engage in training and coaching the new joiner

Core competencies:

o Management skill

o Problem solving skills

o Good communication skills and strong client focus

o Multicultural awareness

o Risk awareness and attention to detail

o Analytical and result oriented

o Strong organization skills and rigorous

o Ability to perform multiple tasks and meet established deadlines, in a fast pace work environment

Experience Required

Minimum of 7 years experience

Amer Support

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Ability to develop and adapt a process

Ability to inspire others & generate people's commitment

Education Level:

Bachelor Degree or equivalent.