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Cognizant is hiring For Money Market - Trade settlement

4 - 9 years

5 - 9 Lacs

Hyderabad

Posted:3 months ago| Platform: Naukri logo

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Skills Required

FX trade settlement

Work Mode

Work from Office

Job Type

Full Time

Job Description

Job Location - Hyderabad Shift - US shift (7:30 PM to 5:30 AM) Money Market MM Trade confirmations & Settlements Outgoing wire payments Inter office Lending & Borrowing LOU Confirmations New Counterparty maintenance Rates Resets & Call notice. SSI maintenance Foreign Exchange - FX Confirmation Settlements Preparing and/or verifying New, Amended, Terminated, Novated confirmation, checking confirmation details versus trade booking, signing, verifying client authorized signatory and dispatching to client Confirmation monitoring, tracking, reconciling, reporting and follow-up until confirmation fully executed. Follow up and investigation with Front Office and client on inquiries Prepare draft confirmations Contact setup and maintenance Monitor TRAM queues Execute various reports from both internal and external systems SSI setup and maintenance Reconcile and monitor incoming USD settlements Reconcile daily outgoing payments Dodd-Frank regulatory reporting to Head Office Securities Securities Confirmation & Settlements Certificate of Deposits (Buy Back) Commercial Paper (Buy Back) REPO / Reverse Repo Manual Payments Securities - Fails Securities Bought/Sold Settlements Verification of CUSIPs Derivatives Trade Booking New cleared and non-cleared Interest Rate and Credit Derivatives Lifecycle events (amendments, terminations, expirations, exercises, and novation’s) FX Options / Caps/Floors / CDS / Manual booking of Listed Futures & Options Rate Fixings: Obtain required rates from Bloomberg/Time scape for input Rate Reset Advices Settlements Confirm cleared and non-cleared settlements with counterparties and process them accordingly. Process various fees including cable charges, OTC brokerage payments, clearing and arrangement fees. Investigate and resolve post settlement breaks. Reconciliations Review various reconciliations pertaining to new trades, settlements/fees, and account balances, investigate and resolve breaks Post manual entries for various purposes (transfer funds between cash accounts, adjust P&L, etc. Role Description Qualification: Education, bachelor’s degree or equivalent practical experience preferred Responsibility: Stakeholder & Business Management Effectively address client queries with timeliness and accuracy Build and nurture relationship with the clients to understand and meet their requirements while ensuring effective business delivery Provide relevant client specific statements and information as per the requests received Support the team in performing various ad hoc tasks and activities assigned to the group, self Contribute towards process improvement ideas on productivity accuracy and turnaround time Knowledge Management Update SOP as per the agreed frequency Customer Relationship Management Liaise with all the clients' stakeholders (sales force front desk personnel traders account managers relationship managers and credit officers) via phone, email and chats in ensuring faster and accurate resolution of breaks of both economical and non-economical in nature Process Improvements and Process Adherence, Adhere to operating procedure guides and ensure 100% compliance to policies Support the team in various ad hoc tasks and activities assigned to the group Contribute towards process improvement ideas on productivity accuracy & turnaround time Regards Kavita Garg kavita.garg@cognizant.com

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