We are actively seeking a highly analytical and meticulous Senior Analyst - Swap Settlement to join our client's team through Acme Services. This pivotal role requires an MBA in Finance with 7+ years of experience in hedge fund administration or operations, possessing excellent knowledge of OTC products. The ideal candidate will be responsible for the end-to-end processing and reconciliation of swap settlements, including daily unwinds and monthly resets, while ensuring accuracy, resolving discrepancies, and supporting team members and management in daily operations and new client launches.
Key Responsibilities
- Swap Settlement Processing:
- Process Daily Swap settlements for Unwind swaps with various counterparties.
- Process Monthly Reset cycle for Swaps and ensure that all cash-flows are settled on time.
- Discrepancy Resolution: Investigate the reasons for differences in Swap settlement and coordinate with clients and counterparties for resolution of any discrepancy in the swap settlement process.
- Accounting & Reconciliation:
- Be involved in Booking of Dividend, Tax, Index, or any fees in the client Accounting system to reconcile Swap Settlement cash flow.
- Reconcile client cash, trade & position reconciliations and their settlements by prime brokers on a daily basis, and resolve breaks.
- Coordinate with clients for Interest accrual on Month-ends and book the same in the internal system versus the Prime Broker's records.
- Wire Preparation: Prepare the wires based on SSI (Standard Settlement Instructions) setup based on agreed settlement amounts.
- System & Process Improvement:
- Work in a testing environment for testing of new functionality.
- Draft SOPs for the process to ensure standardized and efficient operations.
- Team Support & Development:
- Assist/troubleshoot team members with their BAU (Business As Usual) issues.
- Assist the manager and team in timely deliverable of services to clients.
- Provide training to new joiners.
- Client Launch Support: Assist the manager in new client launches, ensuring smooth onboarding of swap settlement processes.
Skills Required
- MBA (Finance) required.
- 7+ years of experience working for a Hedge Fund Administrator or Hedge Fund Operations.
- Excellent knowledge of OTC products.
- Past experience in managing hedge funds or similar types of alternative products (Exchange Listed like Fixed income, Options, Futures, Equities / Non-listed products like TRS/CDS/IRS/ Equity Swaps).
- Advanced knowledge of MS Excel.
- Basic knowledge of accounting applications like Enfusion /VPM / Geneva will be an added advantage.
- Number Cruncher (strong analytical and numerical aptitude).
- Excellent communication skills.
