Assistant Manager - APAC GM Bond Settlements

Repo/Bonds settlements

About Business line/Function :

Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITOs mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre post settlement activities, clearing, and event-related accounting for securities deemed in scope.

Primary responsibilities of the team includes:

Settlement of Repo and Bonds transactions and associated products in a timely and cost effective manner

Timely resolution of nostro and depot breaks

Mitigation of operational and reputational risk by escalating in a timely and efficient manner

Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Acting as a first level escalation contact, it is essential for this role to ensure the team deliverables are met and issues are highlighted to the appropriate groups and stakeholders in a timely manner.

Responsibilities

Key Responsibilities:

1. Responsible for the settlement of Repo and Bonds transactions associated products booked in Calypso, on a timely and cost effective basis by:

o Ensuring all trades are instructed, matched settled on a timely basis

o Monitoring of failing trades updating calypso with details of reason for fails

o Reducing fails and/or potential fails by means of pairing off or offering partial for deliveries

o Pre-matching trades on a daily basis

o Cash management related with funding trades

1. Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:

o By investigating and where possible, clearing all nostro breaks reported by Securities Control teams

o By passing entries to the Calypso systems to clean up outstanding items on a timely basis

o By investigating and where possible, rectifying all depot breaks on a timely basis reported by Securities

o Control teams

o By investigating and solving accounting breaks raised by Securities Control Accounting teams

1. Contribute to the minimisation of settlement costs operational risk:

o By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate

o operational or reputational risk

o Monitor and take appropriate actions in case of market risks such as buy-ins, penalties etc.

o By seeking to improve STP rates at our custodians thereby reducing cost

o By updating static data as and when necessary

o By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules

o If necessary, using the escalation process when operational risk is detected

1. Contribute to the overall successful running of the settlement department:

o By maintaining close relationships with traders and sales and escalating problems to them promptly where required

o By maintaining good working relationships with domestic agents and custodians

o By communicating with and assisting, other operational departments where needed

o Ensuring direct Managers are kept informed of any potential problems issues where appropriate and to the Client relationship management on the whole Security Post-Trade Processing area in coordination with CIB CLM OCRM e.g. meetings, investigations, surveys.

o Contribute to ensure all required materials such as procedures, SOP, Skill Matrix, trainers identified, are updated.

o Raise to the management / project teams any dysfunctionality during the course of BAU

o Actively contribute to UAT testing where necessary and engage in training and coaching the new joiners

Core competencies:

o Management skill

o Problem solving skills

o Good communication skills and strong client focus

o Multicultural awareness

o Risk awareness and attention to detail

o Analytical and result oriented

o Strong organization skills and rigorous

o Ability to perform multiple tasks and meet established deadlines, in a fast pace work environment

Experience Required

Minimum of 7 years experience

Skills Referential

Behavioural Skills:

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral written

Ability to share / pass on knowledge

Transversal Skills:

Ability to understand, explain and support change

Analytical Ability

Ability to develop others improve their skills

Ability to develop and adapt a process

Ability to inspire others generate people's commitment

Education Level:

Bachelor Degree or equivalent

Experience Level :

At least 7 years

Other/Specific Qualifications

NA