Fixed Income Settlements

Fixed Income Settlements Senior Associate

Primary Responsibilities of the Team:

• 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 and resolve breaks, DKS, and nostro reconciliation items.
• Manage the settlement and resolution of

  DTC coupon & redemption items

  .
• Mitigate operational and reputational risk by escalating issues in a timely and efficient manner.
• Liaise with clients, brokers/counterparties, and other internal support functions to ensure smooth settlement of trades.

Key Responsibilities:

Responsible for Fixed Income settlement, on a timely and cost-effective basis by:

• Ensuring all trades are instructed, matched, and settled on a timely basis.
• Monitoring of failing trades.
• Reducing fails and/or potential fails through pairing off or partialing down deliveries.
• Minimizing fails by means of partial deliveries where possible.
• Pre-matching trades on a daily basis.
• Managing cash related to funding trades.

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

• Investigating and, where possible, clearing all nostro breaks reported by Securities Control teams.
• Investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams.
• Investigating and solving accounting breaks raised by Securities Control & Accounting teams.
• Escalating items that represent operational risk to the direct Manager.

Contribute to the minimization of settlement costs & operational risk by:

• Becoming more risk-aware and by following established procedures or Compliance rules to mitigate operational or reputational risk.
• Monitoring and taking appropriate actions in case of market risks (buy-ins).
• Seeking to improve STP (Straight Through Processing) rates at our custodians to reduce cost, by updating static data as and when necessary.
• Reducing the number of manual instructions sent to agents, thereby reducing cost, manual intervention, and settlement risk according to Compliance rules.
• Using the escalation process when operational risk is detected, if necessary.

Contribute to the overall successful running of the settlement department by:

• Maintaining close relationships with traders and sales, and escalating problems to them promptly where required.
• Maintaining good working relationships with domestic agents and custodians.
• Communicating with, and assisting, other operational departments where needed.
• Ensuring direct Managers are kept informed of any potential problems and issues where appropriate.

Contribution to the team development:

• Formalization of team procedures and operating guides.
• Participation in training and coaching for new joiners.

Skills and Competencies:

• Ability to analyze, organize, and report efficiently.
• Flexibility in working methods and adapting to a changing international environment.
• Rigorous and reactive in order to face pressure and consistently achieve excellence.
• Diligently follow all set procedures and Compliance policies.
• Knowledge of financial markets and products, and ease/expertise in dealing with

  Excel

  .
• Proficient in English (spoken and written).
• Experience with

  Amer Support

  is a plus.