01Overview
Job Title:
Assistant Manager- Fixed Income Settlements
Department
: Fixed Income Settlements
About Business Line/Function
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, PNS.) 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.
Perform all daily settlement tasks. This includes, but is not limited to settlement of Fixed Income transactions settling through DTC and Euroclear, mark to markets, contract compare, end of day balancing and reconciliations
Position Purpose
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 effective 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
Direct Responsibilities
- 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 & updating calypso with details of reason for fails
- Reducing fails and/or potential fails by means of pairing off or offering partial for deliveries
- Pre-matching trades on a daily basis
- Cash management related with funding trades
- Responsible for solving .
