Senior Associate - Cash Equity Settlements

Job Title:

Senior 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)

Senior 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 of 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

·         Contribute to the overall successful running of the settlement department:

·         By maintaining close relationships with all stakeholders & escalating problems to relevant teams promptly where & when required

·         By maintaining good working relationships with domestic agents and custodians

·         By communicating with, and assisting, other operational departments where needed

·         Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

Direct Responsibilities

Key Responsibilities:

• Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:                      
  • Ensuring all trades are instructed, matched & settled on a timely basis
  • Sufficient additional priority given to failing trades / Aged trades
  • Working to reduce fails and/or potential fails by means of pairing off or partialing down deliveries
  • Minimizing fails by means of partial deliveries where possible
  • Pre-matching trades in a daily basis
  • Ensure sufficient intimation is sent to Cash Management team to manage funding for trades

• Responsible for solving Nostro and Depot reconciliation breaks on a timely basis: 
  • By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams 
  • By passing entries to the Calypso systems to clean up outstanding items on a timely basis 
  • By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams 
  • By investigating and solving accounting breaks raised by Securities Control & Accounting teams 
  • Escalating items that represent operational risk to the direct Manager 

Contributing Responsibilities

• Contribute to the minimisation of settlement costs & operational risk: 
  • By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk 
  • Monitors and take appropriate actions in case of market risks (buyins) 
  • By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary 
  • By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules 
  • If necessary, using the escalation process when operational risk is detected 

• Contribute to the overall successful running of the settlement department: 
  • Actively participate in the BCP exercises/tests 
  • Follow audit/inspection recommendations scrupulously.
  • Take immediate steps on the observations made by OPC pertain to your area of operations
  • By maintaining good working relationships with domestic agents and custodians 
  • By communicating with, and assisting, other operational departments where needed 
  • Reduce level of errors / incidents - Proactively report errors / incidents and avoid repetitive erros&Incidents. ZERO Cash Outs and Zero CCB's/Data breaches. 
  • Contribution to the team development:
  • Formalization of team procedures and operating guides 
  • Participation of training and coaching for new joiners

Skills and competencies:

• Ability to analyse, organize and report efficiently.  
• Adaptable to different working methods and dynamic international environment.
• Rigorous and pro-active in order to reach excellence anytime
• Diligently follow the set procedures and Compliance policies
• Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
• Language Skills required: Business English

Experience Required

Minimum of 5 years’ experience

Skills Referential

Behavioural Skills: (Please select up to 4 skills) –

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Ability to develop and adapt a process 

Choose an item.

Education Level: 

 Bachelor Degree or equivalent

Experience Level : 

At least 5 years

Other/Specific Qualifications (if required)