Senior Associate - Fixed Income Settlements - US

Primary responsibilities of the team includes:

Ensure timely settlement of DTCC transactions

Ensure timely settlement of Euroclear transactions Daily monitoring and resolution of Loanet contract compare breaks

Process Loanet same day trade closeouts

Monitor / resolve breaks, dks, and nostro rec items

Settlement / resolution of DTC coupon redemption items

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

Responsibilities

Key Responsibilities:

1. Responsible for the FI settlement , 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

1. 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 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

1. 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

1. 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.
2. Contribution to the team development:

Formalization of team procedures and operating guides

Participation of training and coaching for new joiner.

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 5 years experience

Amer Support