About the Role / About the Job
Responsible for daily monitoring and processing of Settlement processes covering Domestic, Regional, and International Markets for equities, mutual funds, fixed income, hedge fund, structured funds, ETF, Local and International Securities Lending and Borrowing, and Local Market Short Selling. This position ensures the highest quality of client service delivery as per international standards.
The role involves handling extremely complex settlement transactions across Local, Regional, and International Markets. Processing responsibilities include receipt of client, market, and sub-custodian instructions, validating the correctness of all instructions, and ensuring matching and settlement of instructions in a timely manner across all markets. This position also entails communication with various entities including Clients, Counter parties, Markets, Sub Custodians, Regulators, Companies, Brokers, Paying Agents, and Issuers related to the settlement process while supporting Due Diligence visits linked to the Settlement process.
The incumbent must adhere to established quality control measures and procedures and will provide first-level training for new specialists, assisting them with inquiries. Responsibilities also include cash management for clients to facilitate smooth settlements across all markets, and active participation in understanding operating modules, including Securities Lending and Borrowing transactions. The specialist will engage in various projects related to system upgrades, processing enhancements, and off-hours testing.
The role requires active participation in implementing Settlement-related processes for new client SLAs, sub-custodian SLAs, new functions, products, market rules, regulations, and procedures with relevant controls to ensure excellence in client delivery. The specialist will also be responsible for coordinating with various internal departments and external entities as part of project participation to re-engineer processes for excellent client delivery and reduce manual activities. The responsibility also includes end-to-end Settlements processing concerning regulatory and compliance requirements with a focus on accurate and timely execution to enhance the client experience.
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Key Responsibilities
- Monitor and process Settlement processes covering Domestic, Regional, and International Markets for various financial products.
- Handle complex settlement transactions, ensuring validation of instructions and timely matching and settlement.
- Track and respond to internal and external client queries by providing detailed Settlement information in alignment with market rules and regulations.
- Communicate with stakeholders including Markets, Sub Custodians, and Brokers for smooth settlement processing.
- Maintain timely communication of trade-related status reports and instructions.
- Demonstrate reliability by meeting deadlines and goals consistently.
- Participate in section-related projects, system upgrades, and new client requirements including implementation of SLAs.
- Review and validate transactions, escalate discrepancies, and ensure accurate cash management.
- Ensure compliance with established controls and procedures, and contribute to continuous improvement initiatives.
- Prepare timely and accurate statements and reports to meet department requirements.
- Manage large and complex transactions, ensuring successful settlements to mitigate reputational, financial, and operational risks.
Requirements / Qualifications
- University Graduate / Bachelor’s degree or 5 years of related work experience.
- 5+ years of relevant experience in security services and/or back-office operations managing securities settlements/corporate actions.
- Solid understanding of security services, operations, and accounting activities related to security services.
- Ability to work under pressure, prioritize effectively, and manage multiple tasks simultaneously.
- Team-oriented with the ability to achieve business objectives without compromising established controls and risk parameters.
- Strong execution skills in multi-tasking environments.
- High level of accuracy, attention to detail, and effective communication and interpersonal skills.
Preferred / Beneficial
- Specific experience in Securities related functions e.g., Settlement, Client Services, Corporate Actions, Data Maintenance, Billing or Custody Account Opening is a plus.
