Company:
BA Continuum India Pvt. Ltd.
Qualification:
Any UG/PG
Experience: 2
to 6yrs.
Work
Location: Hyderabad
Job
Description
Process Description / Responsibilities :-
APAC Settlements Teams are responsible for
pre-matching, Matching, Narrations and timely settlement of trades-value date
& failing trades, stock loan reconciliation, Depot Management functions
across APAC markets. The qualifying associates will work within one of the APAC
Settlements Teams and should possess the knowledge and skill sets required to
work at a high level of competence within agreed protocols and with clearly
defined lines of accountability for the assigned work.
The successful candidate will be provided with the
opportunity to learn all aspects of the teams responsibilities
Pre matching & Matching trades on VD-1, VD-2 &
VD with counterparties. Trades which are unmatched are to be identified,
researched and actioned for resolution.
Reduce failing trades and increase settlement
efficiency
Settle failing trades by liaising with various external
clients, brokers, local agents & custodians
Reduce intercompany failing trades across
Ensure Capital exposure is as per the levels fixed by
the regulators
Ensure that there are no segregation violations as per
SEC regulations and fines imposed by regulators are well below prescribed
standards
Prioritize on reducing failing SELL trades to mitigate
the risk of buy-in threat to the firm
Take necessary steps to ensure that Buy-in threats are
avoided to the firm as a result of failing trades
Ensure Depot transfer requests are entered in the
system are settled on time by liaising with Custodian, Client services
Ensure that breaks pertaining to stock loan are resolved
within defined timelines
Researching on trades which are not recognized by CP
and checking is it a valid and following the escalation procedure to make sure
that trade settled on the same day or cancelled
Perform telephone confirmations on transactions due for
settlement/matching
MIS, reporting of operational and trading exposures to
management.
Responsible for clearing of items on the daily
exception accounting reports
Maintain established productivity levels as per SLA.
Ensure that all established procedures are followed.
Meet or exceed all deadlines given as per SLA.
Excellent organizational skills are required with the
ability to prioritize daily workload, work accurately and efficiently under
pressure.
To be able to communicate effectively, and clearly
escalate queries to Onshore Team verbally and written.
To be flexible in their attitude and approach, and be
willing to work extra hours during the week with overflow of volume and to
provide cover for holidays planned and unplanned.
Any graduate with relevant experience
Mandatory to have End to End Settlements experience in
Fixed Income/Equity/Stock Borrow Lending.
Good communication skills
Logical and analytical skills
Address
Time: From 11am-4pm
Venue: B A Continuum India Pvt Ltd Building # 5A, 1st
Floor, (Next to Novartis Company) Mind Space-Raheja IT Park, Hitech City,
Madhapur HYDERABAD,Andhra Pradesh,India
Contact
Posted by: Mervin Vijayan
Email: mervin.vijayan@bankofamerica.com
Website: https://www.bankofamerica.com/
