Senior Associate - Cash PB-Securities Settlement (Int. for AMER)

Job Description

Position PurposeSettlement of Security transactions and associated products in a timely and cost effective manner Timely resolution of nostro and depot breaks Mitigation of operational and reputational risk by escalating in a timely and efficient manner Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades Responsibilities Responsible for the settlement of Security transactions & associated products booked , on a timely and cost effective basis by: o Ensuring all trades are instructed, matched & settled on a timely basis o Monitoring of failing trades o Reducing fails and/or potential fails by means of pairing off or partialing down deliveries o Minimizing fails by means of partial deliveries where possible o Pre-matching trades in a daily basis o Cash Management related with funding trades Responsible for solving Nostro and Depot reconciliation breaks on a timely basis: o By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams o By passing entries to the Calypso systems to clean up outstanding items on a timely basis o By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams o By investigating and solving accounting breaks raised by Securities Control & Accounting teams o Escalating items that represent operational risk to the direct Manager Contribute to the minimisation of settlement costs & operational risk: o By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk o Monitors and take appropriate actions in case of market risks (buyins) o By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary o By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules o If necessary, using the escalation process when operational risk is detected Contribute to the overall successful running of the settlement department: o By maintaining close relationships with traders and sales and escalating problems to them promptly where required o By maintaining good working relationships with domestic agents and custodians o By communicating with, and assisting, other operational departments where needed o Ensuring direct Managers are kept informed of any potential problems & issues where appropriate. Contribution to the team development: o Formalization of team procedures and operating guides o Participation of training and coaching for new joiners Qualifications: BS Economics, Finance, Accounting or other related field of study. Ability to work US Hours Detailed knowledge and experience with option booking and exercises & assignments Knowledge of Options & OCC s Encore system. Knowledge & use of Broadridge Proficient in Microsoft Office, especially Excel. Maintains high quality of customer service when communicating with clients. Proactive/Reactive to FO and client demands. Strong sense of risk and critical thinking. Rigorous and well organized. Maintains acceptable response to stress. Ability to effectively listen and communicate. Display good relationship qualities, team spirit, and ability to work cross-functionally. Experience RequiredMinimum 5 years of Capital Markets, Operations and Client Service experience Skills Referential Behavioural Skills : (Please select up to 4 skills)Ability to deliver / Results drivenAdaptabilityCommunication skills - oral & writtenClient focusedTransversal Skills: (Please select up to 5 skills)Ability to understand, explain and support changeAnalytical AbilityAbility to develop others & improve their skillsAbility to develop and adapt a processChoose an item.Education Level: Bachelor Degree or equivalent Experience Level : At least 5 years Other/Specific Qualifications (if required), *

Keyskills :
customer relationsinsurancequalitysalesmisstatic datateam spiritmiddle officetrade supportretail bankingclient billingcost effectivecash managementglobal deliveryprime brokeragecapital marketscustomer service