To have a good knowledge about the product (Equities and Fixed income) and understand the Trade life cycle. To have a good knowledge on Mutual fund order process.
To ensure the trades are pre-matched in timely manner and status updated to client/Agent/Brokers within agreed timelines.
Ensure to inform clients/Brokers on the amendments required and follow up to get the same from client and brokers.
Ensure Maker/Checker controls are strictly adhered to and ensure to follow the activities checklist.
To identify and highlight the open risk areas in the process and highlight the same to management and work towards addressing the risk.
High level team management. Ensure E2E BAU is completed by EOD. Any open/risk items to be mitigated accordingly.
Support risk and audit related activities
High level team management. Ensure E2E BAU is completed by EOD. Any open/risk items to be mitigated accordingly.
Regular follow up with agents until trades gets settled in the market and relay the communication to client
Work with Projects and technology team to automate the manual process.
Stake holder management.
Business
Knowledge of Custody operations, Securities Settlements, Financial Market Operations. Knowledge of Agent banking, Sub Custody operations and clearing will be an added advantage.
Processes
Processing of Settlements transactions, Pre-matching of trades and Reporting of Trade Status,
To ensuring that the trades are sent to market within stipulated cut off time and to ensure funding/reaptriation of funds are done.
Checking of Funds and Holdings prior to settlements
In case of Failed trades, the same have been updated with the correct reasons
Ensure to book FX deal and confirm the rates to clients/Agents based on the SI from Clients/Agents.
Contractual Settlements processing
Ensure the open items in Suspense/Nostro/Stock reconcilations are properly remideated.
BAU escalation handling
Process improvement
People & Talent
Collaborative skills and should be able to work with staff across locations and grades.
Risk Management
To ensure all control/operating procedure and documentations are properly followed.
To ensure compliance to all established procedures, regulations and the Group Guidelines.
To keep track of changes (internal and external) affecting Clients and communicate such changes, along with impact analyses, on a pro-active basis, through newsflashes, market insights, operations guides and through other routine communication.
Skills and Experience
An experienced operations professional in the banking or financial sector with Securities Services and minimum 4-7 years of experience, across conventional asset services (Securities trade/clear/settlement payments, regulatory reporting, reconciliation, exception handling and business continuity management)·
Qualifications
Bachelor's degree in Banking/Finance/Information Technology or a similar subject or comparable professional training.
