Cognizant is hiring For Money Market - Trade settlement

Job Location - Hyderabad

Shift - US shift (7:30 PM to 5:30 AM)

Money Market

• MM Trade confirmations & Settlements
• Outgoing wire payments
• Inter office Lending & Borrowing
• LOU Confirmations
• New Counterparty maintenance
• Rates Resets & Call notice.
• SSI maintenance

Foreign Exchange - FX

• Confirmation
• Settlements
• Preparing and/or verifying New, Amended, Terminated, Novated confirmation, checking confirmation details versus trade booking, signing, verifying client authorized signatory and dispatching to client
• Confirmation monitoring, tracking, reconciling, reporting and follow-up until confirmation fully executed.
• Follow up and investigation with Front Office and client on inquiries
• Prepare draft confirmations
• Contact setup and maintenance
• Monitor TRAM queues
• Execute various reports from both internal and external systems
• SSI setup and maintenance
• Reconcile and monitor incoming USD settlements
• Reconcile daily outgoing payments
• Dodd-Frank regulatory reporting to Head Office

Securities

• Securities Confirmation & Settlements
• Certificate of Deposits (Buy Back)
• Commercial Paper (Buy Back)
• REPO / Reverse Repo
• Manual Payments
• Securities - Fails
• Securities Bought/Sold
• Settlements
• Verification of CUSIPs

Derivatives

• Trade Booking
• New cleared and non-cleared Interest Rate and Credit Derivatives
• Lifecycle events (amendments, terminations, expirations, exercises, and novation’s)
• FX Options / Caps/Floors / CDS /
• Manual booking of Listed Futures & Options
• Rate Fixings:
• Obtain required rates from Bloomberg/Time scape for input
• Rate Reset Advices
• Settlements
• Confirm cleared and non-cleared settlements with counterparties and process them accordingly.
• Process various fees including cable charges, OTC brokerage payments, clearing and arrangement fees.
• Investigate and resolve post settlement breaks.
• Reconciliations
• Review various reconciliations pertaining to new trades, settlements/fees, and account balances, investigate and resolve breaks
• Post manual entries for various purposes (transfer funds between cash accounts, adjust P&L, etc.

Role Description

Qualification: Education, bachelor’s degree or equivalent practical experience preferred

Responsibility: Stakeholder & Business Management

Effectively address client queries with timeliness and accuracy

Build and nurture relationship with the clients to understand and meet their requirements while ensuring effective business delivery

Provide relevant client specific statements and information as per the requests received

Support the team in performing various ad hoc tasks and activities assigned to the group, self

Contribute towards process improvement ideas on productivity accuracy and turnaround time

Knowledge Management

Update SOP as per the agreed frequency

Customer Relationship Management

Liaise with all the clients' stakeholders (sales force front desk personnel traders account managers relationship managers and credit officers) via phone, email and chats in ensuring faster and accurate resolution of breaks of both economical and non-economical in nature

Process Improvements and Process Adherence, Adhere to operating procedure guides and ensure 100% compliance to policies

Support the team in various ad hoc tasks and activities assigned to the group

Contribute towards process improvement ideas on productivity accuracy & turnaround time

Regards

Kavita Garg

kavita.garg@cognizant.com