Clearing & Settlement Operator US Markets, NCT

Role Description

• The Clearing and Settlement Analyst is accountable for managing the end-to-end clearing and settlement process; ensuring smooth and timely market settlement of securities and cash transfers between the bank and its counterparty.
• This includes clearing and settlement through primary and secondary markets, or direct payment to clients and banks.
• The Clearing and Settlement Analyst supports interfaces with different internal and external stakeholders (front office, clients, brokers, nostro agents, exchanges and clearing houses) involved in the clearing and settlement process chain, according to the market standards.
• The role is responsible for trade date to settlement date processes (pre-matching and confirmation, trade processing, cash transfer, instruction routing, depot and inventory management, funding and settlement monitoring) and post-settlement date processes (fails management).

Your key responsibilities

• Working with brokers, custodians to settle trades in a timely manner.
• Investigation of trades if any discrepancies and should reach out to respective teams/brokers for necessary corrections.
• Escalating to Front office for unsettled trades as per escalation matrix.
• Preparation of daily and monthly reports for outstanding trades/breaks on timely basis.
• Preparation of monthly KPI.
• Ensure team adherence to all cut-off times and quality of processing as maintained in SLA
• Ensure that all queries/first level escalations related to routine activities are responded to within the time frames pre-specified.
• Ensure healthy and harmonious relationship with the clients, partner teams as well as with own team.

Your skills and experience

• Strong analytical skills
• Fluency in Microsoft Office skills
• Good communication and interpersonal skills
• Exposure to Equity, and Bonds is preferable.
• Understanding of Trade life cycle

Education | Certification (Preferred not necessary):

• Bachelors degree or plus from an accredited college or university with a concentration in Finance / Investment Banking Operations
• Certification in Investment Banking Operations courses

Technical Competencies:

• Understanding of platforms like DTC, Custody portals, CTM, Alert, Matching platforms

Business Competencies:

• Communication Experienced with good hold on English language
• Financial Management / Investment Banking Operations- Basic/Intermediate
• Industry Knowledge - Experienced
• Innovation Basic
• Managing Complexity - Basic
• Product Knowledge (internal & external) Advanced with strong product understanding of Equity, Fixed income, Trade life cycle, Corp Actions, Recon, good understanding of different participants of TLC.
• Risk Management - Basic

Technical Competencies:

• Business Continuity/ Disaster Recovery Experienced
• Operational Management Experienced.