Derivatives Settlement Analyst will be responsible for ensuring timely and accurate pre-matching and settlement of Derivatives trades. Analyst will work as part of our US Derivatives Settlements team in a fast-paced and ever-changing environment where the ability to prioritize multiple tasks while experiencing short-term interruptions is highly valued. The individual will work collaboratively with colleagues in US/APAC/EMEA. The primary responsibility of a user will be supporting our US trading desk by problem solving and troubleshooting trade related issues.
Job Responsibilities
Functional Responsibilities
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Post trade processing and resolving trade settlement issues in a timely and accurate manner
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Strong understanding of Settlement process involving Pre-matching, Fails management, exception management & validation of Settlement Instructions - SSIs
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Prematch instructions by VD-1 and liaise with agent banks to ensure our instructions are matched and resolve any agent level issue
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Having sound understanding of various Derivative products such as Options, IR & CCY swaps etc... to be able to identify the discrepancy and raise it with relevant trading desk
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Investigate and resolve various trade related discrepancies by interacting with brokers, custodian banks, and clients
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Strong understanding of Swift Payment formats like MT 103,202,299,599 etc...
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Provide support to Front Office and Middle office with daily issues, which may include troubleshooting problems arising on an ad-hoc basis or reacting to market driven demands such as prioritizing fails.
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Identifying operational risks proactively and mitigating appropriately.
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Ensure process documentation is relevant and updated regularly as per the audit standards
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Ensuring Daily/Weekly/Monthly reporting for management
Additional Responsibilities
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Actively support transformation and/or optimization initiatives to improve the efficiency/effectiveness of the process
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Develop strong working relationships with Sales, Trading Desks, Middle office, external counterparty and other Business teams.
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Will be expected to develop credibility and a good reputation and demonstrate integrity with clients and colleagues
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Ability to manage time effectively, set priorities and meet deadlines
KEY SKILL AREAS & KNOWLEDGE REQUIRED:
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Minimum 6+ years’ experience in Investment operations (Derivatives)
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Good knowledge of various Derivative products and Trade life cycle
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Meticulous, discipline and possess good working attitude.
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Able to handle work pressures and adhere to deadlines.
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Proven ability to partner with global stakeholders
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Team player with excellent communication skills
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Good knowledge of MS Office applications
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Attention to details, process orientated & analytical skills
