Job Description

:

Job Title- NCT

Location- Pune

Role Description

The Clearing and Settlement Analyst is accountable for managing the end-to-end clearing and settlement process; ensuring smooth and timely market settlement of securities and cash transfers between the bank and its counterparty. This includes clearing and settlement through primary and secondary markets, or direct payment to clients and banks.

The Clearing and Settlement Analyst supports interfaces with different internal and external stakeholders (front office, clients, brokers, nostro agents, exchanges and clearing houses) involved in the clearing and settlement process chain, according to the market standards. The role is responsible for trade date to settlement date processes (pre-matching and confirmation, trade processing, cash transfer, instruction routing, depot and inventory management, funding and settlement monitoring) and post-settlement date processes (fails management).

What we'll offer you

As part of our flexible scheme, here are just some of the benefits that you'll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties.
• Monitoring of same day equity trades ensuring settlement, Releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.
• Monitoring of aged equity trades to ensure settlement, amending trades as per desk requests,performing reconciliations tasks, processing of crest returns.
• Monitoring International trades settlement for New York Entity, settling cash on new loans for collateral team to cover exposures.
• Agreeing and processing cash movements generated by full roll's of Fixed Income deals
• Manage the settlement of all deals booked by the Fixed Income desk for VD. Aim to have all deals matched and settled excpet where cpty is short
• Releasing all instructions against Fixed Income deals for T+1 and pre-matching any unmatched market instructions where possible
• Manage the release and settlement of all Italian Domestic deals booked byt the Fixed Income trading desk. Also manage the funding between us and Italian agent
• Settlement of all deals with Clearstream on VD and sending inx for T+1/2. Agreeing and managing daily exposure figures with Clearstream, marking where required. Also Reconciliations vs Clearstream
• Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only
• Agree and settle all deals booked by the Fixed Income trading desk. Also manages the funding generated by these deals. Reconciles the reference linking betweek Euroclear/Clearstream and RMW
• Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating betwen ASL clients
• Collateral management vs all TP NC deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release
• Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.
• Working on ASL projects & Initives. Producing Operational MI for client and cpty based processes. Trainer of staff for cross training and upskilling. Intergrating new regulatory requirements into the team
• Reconciling cash screen balances to ensure they reflect the correct trading balance and the current running balance at Euroclear Bank
• Daily checking of tri party and corporate action Euroclear accounts. To ensure Tri party accounts are funded correctly and to monitor large balances on the corporate action account.
• Checking of over 500k balances across all ASL accounts to ensure there are no unknown balances
• Daily CBL funding
• Calculating need for borrow at Euroclear, based on daily cash balances on ASL accounts. Ensuring borrow is executed and booked and eod funding performed.
• Calculating eod funding and,making payments.

Your skills and experience

The successful individual will have diverse experience of the financial sector in any of the following areas; Operations, risk/controls, quality assurance, compliance or audit and have experience managing deliverables & maintaining effective relationships with global senior management.

• Substantial and relevant experience in a global banking environment.
• Stock Lending, Collateral management or similar functions is preferred
• Experience in trade capture, settlements, and reconciliations across different products preferred as candidate will be required to know the full trade life cycle process
• Strong communication and interpersonal skills.
• Strong analytical and problem solving skills.

How we'll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click to find out more about our diversity and inclusion policy and initiatives.