Overview
You will be part of Cross asset Derivative Settlements team; the team aims to process daily pre and post settlements and related activities either manually or STP. The core functions covered within the team is to ensure timely matching of trade confirmations, trade settlement, cash transfers to clients and banks, reconciliation of ledgers with the incoming/outgoing funds. The team is required to understand the fundamentals of the product and underlying instruments and business strategy.
You will be responsible for ensuring the operations environment is run in a controlled manner, ensuring that all KPI’s are achieved and delivered to the standards agreed. The job holder also needs to ensure the resources both human and technological are managed effectively to ensure that all operational risks are mitigated, there is coverage to ensure any business requirements - standard and non-standard are understood and always met. Job holder needs to manage market-driven flows, understand the client and market needs and be able to manage the team to adapt to these to ensure delivery.
Other responsibilities include cross-training, succession planning, preparation of management reports and contributing to departmental initiatives, and working with various departments to ensure timely and accurate processing of all activities on a regular basis within the given timelines.
Your key responsibilities
- Ensuring that all trade confirmations are matched in a timely manner, meeting the relevant regulatory requirements on confirmation timeliness.
- Ensure all the daily pre and post settlements are completed within the agreed timeline
- Query investigation/resolution which often involves coordinating with Sales, Trading, other DB branches and department members as well as external customers.
- Liaise with onshore contacts in UK, US & APAC, acting as a primary point of contact for investigation and resolution of any outstanding issues and problems.
- Diligence, attention to detail and commitment to maintaining a strong control environment.
- Dedication, drive, and a strong work ethic.
- Good client relationship management skills – understanding the importance of good client service, both external and internal
- Ability to work under pressure and manage tight deadlines, in an increasingly regulated environment
- Be a strong team player
- Reviewing workflows and operating procedures to ensure that they remain up to date and implementing process improvements.
- Reviewing daily benchmark reports for each of the process lines, investigating benchmark breaches and working towards process improvements/quality enhancements
- Ensure adequate back-ups created for all critical positions and assist other teams during contingencies (Staff shortage, high volumes etc)
- To build process documentation, define benchmarks, capacity model, baseline volumes etc. for teams managed
- Driving Process Improvement through innovation, and involvement of all.
- Effectively manage risk and foster a robust control environment where team is fully aware of Operational Risk management.
- Detailed oriented, adaptable to changes in the work environment while maintaining strong teamwork and project ownership.
- Focus on high-risk transactions and keep all operational guidelines updated
- Continuously evaluate existing processes, challenging current procedures, and suggesting enhancement as appropriate to improve the efficiency and STP rate
- Performing UAT testing for all the changes initiated by the team or by internal stakeholders
- Active involvement in working groups by gathering feedback from end users and providing input to the business on enhancement.
- Excellent oral and written communication skills would be required to interact with both business and technical stakeholders.
- Drive project initiatives to increase efficiency
- Solid knowledge of MS office tools such as Word, Excel, PPT
- MIS Reporting and performing analysis on settlement breaks
- Detailed oriented, adaptable to changes in the work environment while maintaining strong teamwork and project ownership.
- Responsible for the supervision and oversight of a team Performance, Risk Indicators and Service level agreements
- Responsible for analysis, change and continuous improvement as well as the first or second level escalation point for the team.
- Responsible for building, fostering, and managing relationships with relevant stakeholders (internal and/or external) and around the more time critical, complex, or regulated tasks.
Primary working relationships:
- Global settlement management
- Global operations management
- Internal stakeholders
Your Skills and Experience:
- Graduate preferably in Business Administration or related course
- Proven experience in Rates & Credit Pre & Post settlement and knowledge of Foreign Exchange settlement is an added advantage.
- Strong understanding of Settlement framework, Knowledge of the recent CASS regulation, Regulatory rules and & timeliness affecting OTC Derivatives.
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
- Fluent with English, both verbal and written communication.
- Ability to work independently, as well as in a team environment.
- Eye for detail, ability to multitask, and meet strict deadlines.
