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)
