Job Title:
Associate
Date:
2025
Department:
Global Markets Operations – Securities settlements
Location:
Bengaluru
Business Line / Function:
Electronic equity – Security settlements
Reports to:
(Direct)
NA
Grade:
(if applicable)
Associate
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Primary responsibilities of the team includes:
· Settlement of Security transactions and associated products in a timely and cost effective manner
· Timely investigation into nostro and depot breaks
· Collectively working towards 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
Key Responsibilities:
· Responsible for the settlement of security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
o Ensuring all trades are instructed, matched & settled on a timely basis
o Sufficient addditional proirity to failing trades/ aged trades
o Working to reduce 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 on a daily basis
o Ensure sufficient intimation is sent to Cash Management team manage funding for 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
· Contribute to the overall successful running of the settlement department:
o By maintaining good working relationships with many stakeholders and escalating problems to appropriate management team promptly where required
o By maintaining good working relationships with various 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.
Skills and competencies:
· Ability to analyze and organize efficiently
· Adaptable to different working methods and dynamic international environment.
· Rigorous and proactive to reach excellence anytime
· Diligently follow the set procedures and Compliance policies
· Knowledge of financial markets and products, and easiness/expertise in dealing with MS Excel.
· Language skills required: Business English
Experience Required
Minimum of 1 year experience
Skills Referential
Behavioural Skills: (Please select up to 4 skills) –
Ability to deliver / Results driven
Ability to collaborate / Teamwork
Communication skills - oral & written
Attention to detail / rigor
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop others & improve their skills
Choose an item.
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 1 year
Other/Specific Qualifications (if required)
