Manager, Cash Operations, Setclear

Key Areas of Responsibilities

• The role involves fulfilling team management duties to ensure effective leadership and support for the team.
• Monitoring custody overdrafts and margins is crucial to maintain financial integrity and compliance.
• Verification of custody and agent bank invoicing is necessary to ensure accuracy and adherence to financial standards.
• Understanding and processing FOP (free of payment) payments is an important responsibility within the role.
• Managing MTM (Mark to Market) and collateral payments is essential.
• Processing foreign exchange settlements and payments to ensure timeliness and accuracy.
• Verification of funding sheets is required to confirm that all accounts are funded on time.
• Cash projection and identifying funding requirements aid in the effective management of liquidity.
• Participation in projects and conducting UAT (User Acceptance Testing) are integral to ensure that new systems meet operational needs.
• Resolving reconciliation issues is important for maintaining financial accuracy and accountability.
• Maintaining updated procedures, process maps, and control documentation (CSOXs) is vital for compliance with regulatory standards.
• Conducting staff appraisals is necessary to foster professional development and enhance team performance.
• Providing support, guidance, and mentoring to team members is essential for cultivating a collaborative and productive work environment.
• Maintaining positive relations with clients and agent banks is crucial for successful partnerships and effective communication.
• Finally, seeking out opportunities for risk reduction and improvements in control measures safeguards the organization s interests and enhances operational resilience.

Requirements

• At least 5 years of minimum experience in a cash /treasury operations related industry, preferably in a broker/dealer back office set up, with at least 2 years in a managerial position.
• Detailed knowledge of European and Asian and US equity and Fixed income along with OTC derivatives, their practices, procedures and trends
• Sell side brokerage operations working knowledge
• Strong communication and interpersonal skills to interact with all senior management
• Knowledge of operations systems/applications commonly used in securities/treasury related industry
• Ability to take up multi-tasking and accomplish tasks in a timely manner.
• Ability to build rapport with Local office, brokers and clients based across all regions.
• Must be able to participate in change, identify opportunities and challenge current processes and practices
• Self-motivated, desire to be challenged and eager to learn
• Bachelor s or Masters in Commerce and Finance/Banking.
• Knowledge of markets and instruments is a plus, in addition to front to back investment banking processes

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