Position Purpose Primary responsibilities of the team includes:
Settlement of Security transactions and associated products in a timely and cost-effective manner
Timely investigation of nostro and depot breaks
Collectively working towards mitigation of operational and reputational risk by escalating in a timely and efficient manner
Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
Responsibilities
Contribute to the overall successful running of the settlement department:
By maintaining close relationships with all stakeholders & escalating problems to relevant teams promptly where & when required
By maintaining good working relationships with domestic agents and custodians
By communicating with, and assisting, other operational departments where needed
Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
Direct Responsibilities
Key Responsibilities:
- Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
- Ensuring all trades are instructed, matched & settled on a timely basis
- Sufficient additional priority given to failing trades / Aged trades
- Working to reduce fails and/or potential fails by means of pairing off or partialing down deliveries
- Minimizing fails by means of partial deliveries where possible
- Pre-matching trades in a daily basis
- Ensure sufficient intimation is sent to Cash Management team to manage funding for trades
- Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
- By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
- By passing entries to the Calypso systems to clean up outstanding items on a timely basis
- By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
- By investigating and solving accounting breaks raised by Securities Control & Accounting teams
- Escalating items that represent operational risk to the direct Manager
Contributing Responsibilities
- Contribute to the minimisation of settlement costs & operational risk:
- By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
- Monitors and take appropriate actions in case of market risks (buyins)
- By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
- By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
- If necessary, using the escalation process when operational risk is detected
- Contribute to the overall successful running of the settlement department:
- Actively participate in the BCP exercises/tests
- Follow audit/inspection recommendations scrupulously.
- Take immediate steps on the observations made by OPC pertain to your area of operations
- By maintaining good working relationships with domestic agents and custodians
- By communicating with, and assisting, other operational departments where needed
- Reduce level of errors / incidents - Proactively report errors / incidents and avoid repetitive erros&Incidents. ZERO Cash Outs and Zero CCB's/Data breaches.
- Contribution to the team development:
- Formalization of team procedures and operating guides
- Participation of training and coaching for new joiners
Skills and competencies:
- Ability to analyse, organize and report efficiently.
- Adaptable to different working methods and dynamic international environment.
- Rigorous and pro-active in order to reach excellence anytime
- Diligently follow the set procedures and Compliance policies
- Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
- Language Skills required: Business English
Experience Required
Minimum of 5 years experience
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Ability to deliver / Results driven
Ability to collaborate / Teamwork
Communication skills - oral & written
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop others & improve their skills
Ability to develop and adapt a process
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 5 years
