Securities Settlement Associate Phillipcapital

3.0 - 6.0 years

4 - 7 Lacs

mumbai

Work from Office

Role & responsibilities Job Title: Associate / Senior Associate Securities Settlements Location: Mumbai, India Department: Operations Securities Settlements Role Overview We are seeking a mid-level professional to join our Securities Settlements team. The role involves managing end-to-end settlement of equity and debt market products, including corporate bonds, government securities, IPOs, and buybacks. The candidate will be responsible for ensuring accurate and timely settlements, reconciliations, and compliance with regulatory requirements, while coordinating with depositories, exchanges, clearing corporations, custodians, and internal teams. Key Responsibilities Equity & Derivatives Settlements Execute daily pay-in and pay-out of securities and funds for equity cash and derivatives transactions. Monitor settlement obligations released by clearing corporations (NSCCL, ICCL, NCL, etc.). Track shortages, securities lending/borrowing (SLB) requirements, and resolve breaks before settlement deadlines. Debt & Bond Settlements Manage settlement of corporate bonds, government securities, treasury bills, and repo/reverse repo trades. Coordinate with depositories (NSDL/CDSL) and custodians for confirmations and execution. Handle settlements of buybacks, tender offers, and open market debt repurchase transactions. Reconcile bond trade confirmations with counterparties and resolve mismatches. Corporate Actions & Special Settlements Process settlement of IPO allocations, rights issues, and OFS transactions. Manage settlement of buyback tenders and related obligations. Ensure corporate action adjustments are reflected accurately in settlement positions. Reconciliations & Controls Perform daily reconciliations between exchange/clearing data, depository statements, and back-office records. Monitor securities and funds balances to ensure availability for settlement. Investigate and resolve exceptions, shortages, or mismatches within cut-off timelines. Risk Management & Compliance Identify and escalate potential settlement risks promptly to management. Ensure adherence to SEBI, RBI, and exchange regulations for all settlement activities. Maintain complete audit trails and support internal/external audits and inspections. Stakeholder Coordination Liaise with internal teams (Risk, Treasury, Compliance, Front Oice) to ensure smooth settlement. Coordinate with exchanges, clearing corporations, depositories, custodians, and counterparties to resolve settlement disputes. Process Improvement Suggest and implement improvements in settlement processes to increase efficiency and reduce operational risk. Participate in system enhancements, UAT testing, and automation initiatives for settlement workflows. Qualifications & Skills • Graduate/Postgraduate in Commerce, Finance, or related field. • 3-6 years of experience in securities settlements within a broking firm, custodian, or financial institution. • Strong knowledge of NSDL/CDSL operations, clearing corporations, and settlement cycles. • Hands-on experience in bond/debt settlements, IPOs, and buybacks. • Proficiency in MS Excel and settlement/clearing applications. • Excellent problem-solving, coordination, and communication skills. • Ability to work under pressure and meet stringent settlement timelines.

Posted 6 days ago

Apply

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.