Associate- Global Market Agency team

Job Description

About Business line/Function :Securities Asia executes its clients orders through its own seats in SEHK. Upon execution of each order, a transaction contract is created between Securities Asia and the client. On the market side, Securities Asia s transaction contracts with HKSCC, are novated to its designated third party clearer, BP2S and as a result, BP2S becomes the contracting and settlement counterpart of HKSCC in respect of Securities Asia s market transactions, with Securities Asia becoming responsible for settling its net market obligations with BP2S acting as Securities Asia s clearer.For settlements, Securities Asia sends its SIs to BP2S, who on one hand settles Securities Asia s client s side transactions for Securities Asia in its capacity as Securities Asia s custodian and on the other, settles with Securities Asia the CNS positions as Securities Asia s counterpart.Job Title:ManagerDate:14/06/2021Department:COCE Trade and Processing SupportLocation:ChennaiBusiness Line / Function:Agency SettlementsReports to:(Direct)AVPGrade: (if applicable)(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition PurposeManage instruction and settlement process for Equities.Monitor Client Money SegregationProjects and Process & control efficiencyManage Corporate Action business for Custody clientsResponsibilities Direct Responsibilities 1. Settlements - Preparing Settlement Instructions for all Asia Equity Markets.- Liaising with overseas brokers/custodians over trade-pre-matching issues.- Communicating with clients and internal offices to ensure trades settlement operations are smooth and accurate.- Updating static data information at back end related systems.- Follow up outstanding trades and ensure correctness of record updated.- Conducting reconciliation and file fail settlement claims against clients and is also responsible for the updating and Maintenance of our internal claiming tool.2. FnO Invoicing - Ensure give up agreements are updated.- Perform inputting of give up commission charges rate in STP/ Billing Tool.- Perform regular checking on Commission rate vs all rated systems.- Liaising with Front Office/Client to follow-up on Commission invoicing issue.- Monthly billing invoicing.- Follow up with outstanding Commission with MO/FO and paying agents.3. Client Services - Payments processing- Bank reconciliation- Posting journals for accounting Contributing Responsibilities - Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.- Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.Technical & Behavioral CompetenciesBachelor or Master Degree on Economics, Mathematics or FinanceGood Equity knowledge (theoretical or professional)Knowledge on Pre-Matching and settlement of tradesGood knowledge on Reuters / BloombergExcellent Microsoft and programming skills (VBA, Excel, Access)Analytical mindset: Aptitude to understand financial pricing is needed as to be able to calculate simulations, forward impact and communicate the results with traders.Attention to detail: Ability to notice any abnormal processes as well as any unusual dividends or pricesInnovation and initiatives (Think outside the box ): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach.Self discipline & autonomy: Have a constant delivery on time mindset, both on the daily production side (SLA on dividends updates or on CA instructions for instance) and on the projects handled. Ability to work on its own with little supervision.Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage ) as this is a constant changing environmentStrong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution.Specific Qualifications (if required)Good Equities knowledge (theoretical or professional)Relevant product knowledge of Corporate action / settlementBasic Microsoft Excel & Word knowledgeSkills ReferentialBehavioural Skills: (Please select up to 4 skills)Ability to share / pass on knowledgeAttention to detail / rigorAdaptabilityAbility to collaborate / TeamworkTransversal Skills: (Please select up to 5 skills)Ability to develop and adapt a processAbility to understand, explain and support changeAbility to manage a projectAnalytical AbilityAbility to develop and leverage networksEducation Level:Bachelor Degree or equivalentExperience LevelAt least 5 yearsOther/Specific Qualifications (if required) ,

Keyskills :
financial servicesdaily productionretail bankingclient moneymicrosoft excelglobal deliveryproduct knowledge