Clearing and Settlement Analyst, AS

Role Description

Clearing and Settlement is responsible for managing the end-to-end clearing and settlement process. This is to ensure smooth and timely market settlement of securities and cash transfers between the bank and its counterparty.

Work includes:

• Supporting interaction between internal and external stakeholders involved in the clearing and settlement process chain
• Allocating assets to optimize the portfolio strategically
• Ensuring adherence with market standards
• Clearing and settling through both primary and secondary markets and direct payments

Your key responsibilities

• Ensure all daily deliverables are complete as per SLA.
• Completeness of task as per the KPI. Focus on quality (Right time, First Time).
• Review of MIS, Out Going External Emails, Work Allocation.
• Ensures timely response and action of queries received.
• Reporting and escalation of aged / high value breaks with estimated potential or actual impact.
• Helping the Lead in preparation of daily, weekly, and monthly dash boards including plans for internal reviews, audits, and walkthroughs.
• Facilitating of root cause analysis and documentation to ensure fixing of issue at source.
• Partnering with teams upstream and end users for timely break resolution through identification of weaknesses/insufficiencies in the processes and controls due to changes in operating environment.
• F2B understanding from a system and process perspective whilst understanding the impact of market trends on process flows.
• Running daily team huddles on adequacy of procedures and controls alongside priorities for the day.
• Identify training needs for junior team members in partnership of the AVP to improve performance, team knowledge of common errors and how to avoid/correct, cross training/back-up planning, seating, equipment, and technology.
• Contributes to global projects and business objectives.

Your skills and experience

Experience / Requirements:

• Working knowledge and hands on experience on Listed Derivatives Futures & Options functioning.
• Cleared OTC business and market knowledge would be added advantage.
• Min 5-10 Years of experience in Listed Derivatives.
• Experience in working with diverse teams, regionally and virtually.
• Basics of KYC requirement, on boarding requirements for a new client.
• Knowledge on OMNIBUS & Segregated accounts.
• Well-versed in use of Microsoft Office

• Working knowledge of GMI, Clearvision, FIA Docs, Atlantis, Consensys, etc. related systems.
• Knowledge of required exchange systems and interfaces.
• Ability to perform BAU accurately, even under tight deadlines, with agility for problem solving.
• Good communication and interpersonal skills.
• Willingness to take on responsibility and learn new tasks to guide the team even at ground levels.
• Flexibility in working hours and following of Firm policies & guidelines regarding work / shift and coverage requirements.

Qualifications:

• Background in Commerce
• Working experience in same of similar business line.
• Also, ref to description mentioned in previous sections of Duties & Responsibilities, Experience / Requirements.