Overview
Job Title : Operations Analyst
Corporate Title : Associate
Location : Bangalore, India
JOB DESCRIPTION:
Your key responsibilities:
– Security Lending CONTRACT COMPARE & BILLING
– Daily compare and reconciliation of Contracts with various brokers.
– Working on various Financial Products for Securities Lending
– Liaising with clients/ prime brokers for any issue with Contract Reconciliation.
– Liaising with Trading Desk and resolving Complex Reconciliation breaks.
– Reconciliation and validation of billing invoices.
– Ensuring high value breaks are resolved on time to avoid risk
– Claiming funds on receipt from broker.
– Control check while releasing payment to avoid incorrect amount being to paid to client.
– Billing on Equities & Bonds.
– MIS Reporting to senior Management on weekly basis FIXED INCOME SETTLEMENTS Broker Pre – Matching &Settlements:
– Teams work profile involved Pre- matching of Bonds trades stock trades
– Interacting with various counterparties in case of mismatches.
– Interacting with various onshore teams, middle offices and Traders for the same.
– Interaction with other settlements teams.
– Escalation of discrepancies to various desks & Front Office for timely settlements there-by avoiding fails.
– Ensure all breaks are narrated well and supported with mails or documents for proper Audit.
RISK ANALYSIS (STOCK & CASH):
– Contract Compare
– Trade comparison of various clients and finding breaks and analysis on the various risk factors pertaining to each break.
– Fixing issues pertaining to various vendor platforms for reconciliation (Pirum&Equilend)
– Reconciling breaks manually with counterparties who are not present on vendor platforms.
– Liaising with trade desk for various types of breaks
– Chasing counterparty, settlements, corporate action team for any aged breaks
– Analysis of Key Risk Indicators and root cause for trade failure & Managing Financial Risk post trade settlement
– Analyzing the risk and control factors of the process of trade
– Liaising with internal stakeholder for increasing controls to avoid risk for process
– Involving in audit query requirements
Projects:
– Onboarding counterparties in EquiLend platform to perform Contract Comparison & counterparties for Billing Comparison .
RETURNS & RECALLS – EQUITY & BONDS :
– Dealing with loan returns and borrow returns for bonds & equities
– Booking recalls (borrow) as per request from counterparty
– Handling request from settlements team for any pending returns
– Amending trade date & value date for return trades as well as first leg trades upon approval of desk
– Following up with counterparty and settlements team for status of any aged/failing return.
– Involving in chasing required teams in pre-matching related activity in case of high value trades.
– Acting as a coordinator between settlements & counterparty for SSI setup and confirmation.
Monitoring all post trade recon control checks
– Contract compare process and assist the team in maintaining low risk profile and meet the KRIs
Perform functional/managerial oversight for the below tasks:
– SL account maintenance
– Trade amendments to avoid CSDR (Central Securities Depositories Regulation) penalties
– SFTR (Securities Financing Transaction Regulation) exceptions & configuration on vendors for new clients
– Recalls/Returns process across global markets to avoid buyins
– MTM process to avoid exposures & inaccurate projections
– Other controls/exception reports related to Trade Support functions
– All month end task prior to Billing Cycle to avoid any billing differences
– Conduct regular calls with Top Clients to address feedback & make the processes efficient
– Provide weekly updates to global stakeholders to give visibility on the team’s progress and key callouts
– Organizing knowledge series with the new team members to build depth
– Handling escalations related to internal/external stakeholders and manage expectations to minimize risk
– Regular SOP reviews ensure they are up to date and to meet the firm’s requirements
– Drive the team towards process efficiencies and commercial effectiveness
– Creating awareness amongst the team on the risk and impact of the different business strategies
– Influencing external clients to utilize vendor services to create process efficiencies
Your skills and experience :
– Knowledge in Securities Lending & or Collateral Management 2 years for Analyst & Min 5 years of people management for Associate role.