Senior Associate - Repo Bond Settlements

Position Purpose

Primary responsibilities of the team includes:

• Settlement of Repo/Bonds transactions and associated products in a timely and cost effective mannerTimely resolution of nostro and depot breaksMitigation of operational and reputational risk by escalating in a timely and efficient mannerLiaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Responsibilities

Key Responsibilities:

• Responsible for the settlement of Repo and Bonds transactions & associated products booked in Calypso, on a timely and cost effective basis by:
• Ensuring all trades are instructed, matched & settled on a timely basisMonitoring of failing tradesReducing fails and/or potential fails by means of pairing off or partialing down deliveriesMinimizing fails by means of partial deliveries where possiblePre-matching trades in a daily basisCash Management related with funding 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 teamsBy passing entries to the Calypso systems to clean up outstanding items on a timely basisBy investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teamsBy investigating and solving accounting breaks raised by Securities Control & Accounting teamsEscalating items that represent operational risk to the direct Manager

• 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 riskMonitors 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 necessaryBy reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rulesIf necessary, using the escalation process when operational risk is detected

• 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 requiredBy maintaining good working relationships with domestic agents and custodiansBy communicating with, and assisting, other operational departments where neededEnsuring direct Managers are kept informed of any potential problems & issues where appropriate.

Skills and competencies:

• Ability to analyse, organize and report efficientlyFlexibility on working methods and changing international environmentRigorous and reactive in order to face pressure and reach excellence anytimeDiligently follow the set procedures and Compliance policiesKnowledge of financial markets and products, and easiness/expertise in dealing with Excel.English speaker

Experience Required

Minimum of 5years experience

Skills Referential

BehaviouralSkills:(Please select up to 4 skills)

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Attention to detail / rigor

Transversal Skills:(Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level :

At least 5years

Other/Specific Qualifications(if required)