Clearing and Settlement Analyst

Job Title:

Location:

Payroll Partner will be Adecco

Note:

• Specific/ mandatory skills: Agency Lending experience
• Experience range: 0 to 2 years
• Open to consider fresher candidates (Yes/No): Yes
• Open to consider relocation/ non-local candidates (Yes/No): local candidate
• Maximum monthly CTC (Excluding service fees and GST): INR 25000 37500 (Basis candidate’s skills and experience)
• Project duration: 8 months
• Shift timings: candidate should be flexible in all shifts
• Number of days work from office: 3 days

Role Description

Our purpose as a business is to be dedicated to our clients’ lasting success and financial security. We want to be a bank that creates a positive impact for clients, employees, investors, and society. This is made possible by our people. As you'll discover, our culture supports this - diverse, international, and shaped by a variety of different perspectives. We are driven by a shared sense of purpose. At every level agile thinking is nurtured and rewarded with support and provided with opportunities to excel together.

Agency Service Lending Operations (ASL Ops) is a process of lending out securities of DB London clients and DB America clients, which is held by the client’s custodians as and when instructed. However, for some clients DB is the custodian as well, for rest we provide the services.

The Agency lending team is responsible for day-to-day Static, Recon and Cash/Collateral settlements for its onshore partners DBAG, London and DBAG, New York. This team is based in India on 3 locations Jaipur , Pune and Bangalore.

The ASL client base is comprised of institutional clients (pension funds, insurance companies, central banks, etc.) which hold large / long balances of these securities.

Agency Securities Lending (ASL) is a portfolio management tool that institutional clients can use to generate an attractive risk-adjusted portfolio return on their fixed income and equity portfolios as well as cash positions.

Your key responsibilities

• Monitoring of daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties. Monitoring of same day equity trades ensuring settlement, releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.
• Supervision on the aged equity trades to ensure settlement, amending trades as per desk requests, performing reconciliations tasks, processing of crest returns.
• Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only
• Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating between ASL clients
• Collateral management vs all Triparty Non Cash deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release.
• Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.
• Manage staff on a daily basis, distribute work, assign responsibilities, ensure appropriate staff motivation levels and continuous learning.
• Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.
• Cross train available resources to ensure 100% backup within the areas under control
• Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact on the business.

Your skills and experience

• Analyst (0-2 years), Senior Analyst (3-7 years) preferably in Banking / Finance Service Industry/Agency Securities Lending
• Domain knowledge of Settlements / Payments, corporate actions, Cash reconciliation, Billing & Invoice generation, Reconciliation, Loan servicing would be added advantage.
• Good written & verbal communication skills.
• MS Office skills (especially MS excel)
• Ability to provide high transaction productivity and high level of attention to detail.
• Flexibility to work in shifts.

  Role & responsibilities

Preferred candidate profile