Team Manager Operations - Investment Operations - Associate

Job Description

Role Description Securities Lending & Collateral Management Operator Your key responsibilities Security Lending CONTRACT COMPARE & BILLING Daily compare and reconciliation of Contracts with various brokers. Working on various Financial Products for Securities Lending Liaising with clients/ prime brokers for any issue with Contract Reconciliation. Liaising with Trading Desk and resolving Complex Reconciliation breaks. Reconciliation and validation of billing invoices. Ensuring high value breaks are resolved on time to avoid risk Claiming funds on receipt from broker. Control check while releasing payment to avoid incorrect amount being to paid to client. Billing on Equities & Bonds. MIS Reporting to senior Management on weekly basis FIXED INCOME SETTLEMENTS Broker Pre Matching &Settlements: Teams work profile involved Pre- matching of Bonds trades stock trades Interacting with various counterparties in case of mismatches. Interacting with various onshore teams, middle offices and Traders for the same. Interaction with other settlements teams. Escalation of discrepancies to various desks & Front Office for timely settlements there-by avoiding fails. Ensure all breaks are narrated well and supported with mails or documents for proper Audit RISK ANALYSIS (STOCK & CASH) Contract Compare Trade comparison of various clients and finding breaks and analysis on the various risk factors pertaining to each break. Fixing issues pertaining to various vendor platforms for reconciliation (Pirum&Equilend) Reconciling breaks manually with counterparties who are not present on vendor platforms. Liaising with trade desk for various types of breaks Chasing counterparty, settlements, corporate action team for any aged breaks Analysis of Key Risk Indicators and root cause for trade failure & Managing Financial Risk post trade settlement Analyzing the risk and control factors of the process of trade Liaising with internal stakeholder for increasing controls to avoid risk for process Involving in audit query requirements Projects: Onboarding counterparties in EquiLend platform to perform Contract Comparison & counterparties for Billing Comparison . RETURNS & RECALLS EQUITY & BONDS Dealing with loan returns and borrow returns for bonds & equities Booking recalls (borrow) as per request from counterparty Handling request from settlements team for any pending returns Amending trade date & value date for return trades as well as first leg trades upon approval of desk Following up with counterparty and settlements team for status of any aged/failing return. Involving in chasing required teams in pre-matching related activity in case of high value trades. Acting as a coordinator between settlements & counterparty for SSI setup and confirmation. Monitoring all post trade recon control checks Contract compare process and assist the team in maintaining low risk profile and meet the KRIs Perform functional/managerial oversight for the below tasks: SL account maintenance Trade amendments to avoid CSDR (Central Securities Depositories Regulation) penalties SFTR (Securities Financing Transaction Regulation) exceptions & configuration on vendors for new clients Recalls/Returns process across global markets to avoid buyins MTM process to avoid exposures & inaccurate projections Other controls/exception reports related to Trade Support functions All month end task prior to Billing Cycle to avoid any billing differences Conduct regular calls with Top Clients to address feedback & make the processes efficient Provide weekly updates to global stakeholders to give visibility on the teams progress and key callouts Organizing knowledge series with the new team members to build depth Handling escalations related to internal/external stakeholders and manage expectations to minimize risk Regular SOP reviews ensure they are up to date and to meet the firms requirements Drive the team towards process efficiencies and commercial effectiveness Creating awareness amongst the team on the risk and impact of the different business strategies Influencing external clients to utilize vendor services to create process efficiencies Your skills and experience Knowledge in Securities Lending & or Collateral Management 2 years for Analyst & Min 5 years of people management for Associate role