OTC - Brokerage - SME/TL/TM - Bangalore/Hyderabad

0-2 years
7 months ago 2 Applied
Job Description

Job Description :

Job Description:

Candidates based from BLR/ HYD & Pune - On high priority. who can join immediately/30 Days notice period. Salary will deviate for early joiners

SPE

Activities to perform

  • To understand the process workflow and get trained on the specific functions within timeframe specified
  • Ensure all invoices from the broker are received and indexed.
  • Perform daily reconciliations of brokerage trades and accurate calculation of brokerage.
  • Investigate/resolve any exceptions identified, Liaise with internal teams during the investigation and own the resolution of the issue.
  • Ensure all SLA/KPI as agreed with Client is met with 100% accuracy and timeliness
  • Manage the broker relationships with timely responses to their queries and settling the outstanding brokerage within agreeable period
  • Track all the updates and report daily to supervisor/manager and adhere to the checklist
  • All reports to be prepared accurately and submitted on time as per timelines agreed with client.
  • Learn new changes to the workflow, when suggested, and document them down as procedures for sign-off by the manager/client
  • Ensure all process related controls are followed without exceptions.
  • Emails are acknowledge within 24 (1 BD) hours and responded with resolution within 48 hrs from the date of receipt.


KNOWLEDGE/SKILL

  • Experience in Reconciliation process
  • Effective communication skills to manage broker/client
  • Basic knowledge of the OTC market, derivative products and operating conventions
  • Excellent MS Excel/Word skills
  • Ability to work with team and demonstrate the positive influences among peers
  • Proven ability to work effectively within strict deadlines
  • Flexibility to work as per business requirements

SME

Activities to perform

  • To understand the process workflow and get trained on the specific functions within timeframe specified
  • Ensure all invoices from the broker are received and indexed.
  • Perform daily reconciliations of brokerage trades and accurate calculation of brokerage.
  • Investigate/resolve any exceptions identified, Liaise with internal teams during the investigation and own the resolution of the issue.
  • Ensure all SLA/KPI as agreed with Client is met with 100% accuracy and timeliness
  • Manage the broker relationships with timely responses to their queries and settling the outstanding brokerage within agreeable period
  • Track all the updates and report daily to supervisor/manager and adhere to the checklist
  • All reports to be prepared accurately and submitted on time as per timelines agreed with client.
  • Learn new changes to the workflow, when suggested, and document them down as procedures for sign-off by the manager/client
  • Ensure all process related controls are followed without exceptions.
  • Emails are acknowledge within 24 (1 BD) hours and responded with resolution within 48 hrs from the date of receipt.
  • Perform QC and ensure all checks are completed and submitted to MC on a daily basis.
  • Share the QC rejections & Invalid Exceptions to the team and inform the management. Weekly/Monthly review of your balance sheet with your respective stakeholders/ business managers.


KNOWLEDGE/SKILL

  • Experience in OTC Brokerage Reconciliation process
  • Strong knowledge of the OTC market, derivative products and operating conventions
  • Excellent MS Excel/Word skills
  • Effective communication skills to manage broker/client
  • Ability to work with team and demonstrate the positive influences among peers
  • Proven ability to work effectively within strict deadlines
  • Flexibility to work as per business requirements


TL

Activities to perform

  • Ensure accurate management of daily reconciliations of brokerage trades and brokerage calculation with Hands-on experience in the process.
  • Exception management, including timely escalation of discrepancies to appropriate stakeholders, follow up and ownership through to resolution
  • Have required communication with Recon team for better understanding of their workflow and making reporting process more efficient
  • Ensure all SLA/KPI as agreed with Client is met with 100% accuracy and timeliness
  • Manage the broker relationships with timely responses to their queries and settling the outstanding brokerage within agreeable period
  • All reports to be prepared accurately and submitted on time as per timelines agreed with client.
  • All exceptions are tracked and escalated as per timelines agreed.
  • EOD checklists are reviewed and saved on daily basis
  • All reports (Daily, Weekly & Monthly) should be delivered on time with 100% adherence to SLAs & 100% Accuracy
  • Ensure you are aware & trained on all activities/reports in the team with no dependency on Client and team.
  • Zero escalations from brokers/ for inadequate response.
  • Have regular interactions and review meetings with Client
  • Identify areas of improvement and propose solutions & Ensure any and all change in the process is reported and documented.
  • Review the performance of the team members and maintain Training Matrix, SOP (Change Management), Escalation Tracker, Error Log
  • Assist TM/Management in any adhoc requests and support during their absence.


KNOWLEDGE/SKILL

  • Experience in OTC Brokerage Reconciliation process
  • Strong knowledge of the OTC market, derivative products and operating conventions
  • Excellent MS Excel/Word skills
  • Effective communication skills to manage broker/client
  • Ability to work with team and demonstrate the positive influences among peers
  • Proven ability to work effectively within strict deadlines
  • Flexibility to work as per business requirements
  • People Management

Key Skills :

JOB TYPE

Function

Skills

Reconciliation process
OTC market
derivative products

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