Financial Markets-Associate Process Manager-Settlements

Pune, Financial Markets

Financial Markets- Settlements- Associate Process Manager
India-Maharashtra | Full-time (FT) | Financial Markets

Specialism – Settlements, Equity, Payments

As part of our Margins leadership team, you will be directly working with clients to understand long term strategic and mid-term business goals. This role will include the understanding of Margins and Collateral lifecycle. You will be leading, managing and handling margin calls, collateral break investigation, portfolio reconciliation and dispute resolution.

The candidate must possess in-depth functional knowledge of the process area and apply it to operational scenarios to provide effective solutions. He/she must be able to identify discrepancies and propose optimal solutions by using a logical, systematic, and sequential methodology. It is vital to be open-minded towards inputs and views from team members and to effectively lead, control, and motivate groups towards company objects. Additionally, he/she must be self-directed, proactive and seize every opportunity to meet internal and external customer needs and achieve customer satisfaction by effectively auditing processes, implementing best practices and process improvements, and utilizing the frameworks and tools available. Goals and thoughts must be clearly and concisely articulated and conveyed, verbally and in writing, to clients, colleagues, subordinates, and supervisors.

The ideal candidate should possess strong business understanding of finance industry with special focus on Trade life cycle, Margins and Collateral lifecycle, Break Investigation, margin calls, collateral management. He/she should have complete knowledge on basics of OTC and exchange traded derivative product. He/she should be good with numbers and ability to derive information from data with excellent multi-tasking and creative problem solving. He/she should have strong capabilities in PowerPoint, MS Word and MS Excel and should be able to build domain expertise and lead from the front with the ability to work under pressure, handle multiple priorities and work as part of the team.

Settlements- Associate Process Manager Responsibilities

  • Responsible for all components of the daily settlement and funding, ensuring accurate and timely processing, through adherence of internal control policies and procedures, trade capture processes, including trade blotter reconciliations and resolution of exceptions.

  • Research and resolve problems relating to specific P&S transactions

  • Maintains proper daily workflow documentation evidence for regulatory and compliance purposes. Satisfies documentation processes to ensure files are easily found, understood and are well maintained.

  • Daily comparison of open trade breaks and ensuring items are tracked and actioned.

  • Reconciliation of securities out of balances, includes processing of adjusting entries.

  • Daily interaction with external clients on trade capture related queries

  • Match trades with broker dealer counterparts.

  • Monitor RTTM/GSCC (Advisories, exceptions, mismatches, and reversals)

  • Monitoring of Obligation Warehouse

  • Monitor Euroclear to ensure matching of all Euroclear settlement items

  • Monitor local market instruction and matching on international trades

  • Resolve CNS exceptions and blotter issues (money & positions)

  • Work with settlements team to monitor and resolve trade breaks and fails.

  • Cover BAU functions within Middle Office and Settlements team if necessary

  • Manage team of 10 FTEs in the NAM Shift – be responsible for team development, appraisals and other people related management activities

Minimum Qualifications

  • Graduation (B.Com. BBA, BBM, BCA) / Post Graduation (M.Com., MBA, PGDM)

  • 3 to 5 years of experience in handling team of minimum 10 members and has good experience and knowledge of Settlements and OTC Derivatives.

  • Should be good with logical and quantitative abilities.

Preferred Qualifications

  • Ability to manage and complete specific tasks with minimal direction

  • Should be able to act fast and decisively when dealing with critical situations – ability to read situations and act in minutes

  • Willingness to continuously learn, upgrade skills and stay relevant to business demands

  • Excellent interpersonal skills – ability to network and earn confidence of diverse Client personnel plus interaction with and management of eClerx India based operations team.

eClerx provides critical business operations services to over fifty global Fortune 500 clients, including some of the world’s leading companies across financial services, cable & telecom, retail, fashion, media & entertainment, manufacturing, travel & leisure, software, and high-tech. Incorporated in 2000, eClerx is one of India’s leading process management and data analytics companies and is today traded on both the Bombay and National Stock Exchanges of India. eClerx employs 9,500-plus people across its global sites in the US, UK, India, Italy, Germany, Singapore, Thailand.

For financial organizations across the world, eClerx Markets offers consulting, technological innovation, and process management expertise to uniquely solve operational challenges. With nearly two decades of industry experience complemented by the application of smart automation and robotics, our team of experts deliver holistic solutions across the trade life cycle, change management, data analytics, compliance, cash securities operations, document digitization and generation, and outreach.

eClerx is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, or any other legally protected basis, per applicable law.