Responsibilities
Responsible for the settlement of Security transactions & associated products booked in Calypso or BOLIVAR, on a timely and cost effective basis by :
Ensuring all trades are instructed, matched & settled on a timely basis Monitoring of failing trades Reducing fails and / or potential fails by means of pairing off or partialing down deliveries Minimizing fails by means of partial deliveries where possible Pre-matching trades in a daily basis Cash Management related with funding trades
Responsible for solving Nostro and Depot reconciliation breaks on a timely basis : By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams By passing entries to the Calypso systems to clean up outstanding items on a timely basis By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams By investigating and solving accounting breaks raised by Securities Control & Accounting teams Escalating items that represent operational risk to the direct Manager
Contribute to the minimisation of settlement costs & operational risk : By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk Monitors and take appropriate actions in case of market risks (buyins) By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules If necessary, using the escalation process when operational risk is detected
Contribute to the overall successful running of the settlement department : By maintaining close relationships with traders and sales and escalating problems to them promptly where required By maintaining good working relationships with domestic agents and custodians By communicating with, and assisting, other operational departments where needed Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
Skills and competencies :
Ability to analyse, organize and report efficiently
Flexibility on working methods and changing international environment
Rigorous and reactive in order to face pressure and reach excellence anytime
Diligently follow the set procedures and Compliance policies
Knowledge of financial markets and products, and easiness / expertise in dealing with Excel.
English speaker
Experience Required
Minimum of 3 year experience
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Attention to detail / rigor
Ability to collaborate / Teamwork
Adaptability
Communication skills - oral & written
Transversal Skills : (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to set up relevant performance indicators
Ability to inspire others & generate people's commitment
Education Level :
Bachelor Degree or equivalent
Experience Level : At least 3 years
At least 3 years
Other / Specific Qualifications (if required)
