Operations Analyst / Associate

Role Description

Securities Lending & Collateral Management Operator

Your key responsibilities

Security Lending CONTRACT COMPARE & BILLING

• Daily compare and reconciliation of Contracts with various brokers.
• Working on various Financial Products for Securities Lending
• Liaising with clients/ prime brokers for any issue with Contract Reconciliation.
• Liaising with Trading Desk and resolving Complex Reconciliation breaks.
• Reconciliation and validation of billing invoices.
• Ensuring high value breaks are resolved on time to avoid risk
• Claiming funds on receipt from broker.
• Control check while releasing payment to avoid incorrect amount being to paid to client.
• Billing on Equities & Bonds.
• MIS Reporting to senior Management on weekly basis FIXED INCOME SETTLEMENTS Broker Pre Matching &Settlements:
• Teams work profile involved Pre- matching of Bonds trades stock trades
• Interacting with various counterparties in case of mismatches.
• Interacting with various onshore teams, middle offices and Traders for the same.
• Interaction with other settlements teams.
• Escalation of discrepancies to various desks & Front Office for timely settlements there-by avoiding fails.
• Ensure all breaks are narrated well and supported with mails or documents for proper Audit

RISK ANALYSIS (STOCK & CASH)

Contract Compare

• Trade comparison of various clients and finding breaks and analysis on the various risk factors pertaining to each break.
• Fixing issues pertaining to various vendor platforms for reconciliation (Pirum&Equilend)
• Reconciling breaks manually with counterparties who are not present on vendor platforms.
• Liaising with trade desk for various types of breaks
• Chasing counterparty, settlements, corporate action team for any aged breaks
• Analysis of Key Risk Indicators and root cause for trade failure & Managing Financial Risk post trade settlement
• Analyzing the risk and control factors of the process of trade
• Liaising with internal stakeholder for increasing controls to avoid risk for process
• Involving in audit query requirements

Projects:

• Onboarding counterparties in EquiLend platform to perform Contract Comparison & counterparties for Billing Comparison .

RETURNS & RECALLS EQUITY & BONDS

• Dealing with loan returns and borrow returns for bonds & equities
• Booking recalls (borrow) as per request from counterparty
• Handling request from settlements team for any pending returns
• Amending trade date & value date for return trades as well as first leg trades upon approval of desk
• Following up with counterparty and settlements team for status of any aged/failing return.
• Involving in chasing required teams in pre-matching related activity in case of high value trades.
• Acting as a coordinator between settlements & counterparty for SSI setup and confirmation.

Monitoring all post trade recon control checks

• Contract compare process and assist the team in maintaining low risk profile and meet the KRIs

Perform functional/managerial oversight for the below tasks:

• SL account maintenance
• Trade amendments to avoid CSDR (Central Securities Depositories Regulation) penalties
• SFTR (Securities Financing Transaction Regulation) exceptions & configuration on vendors for new clients
• Recalls/Returns process across global markets to avoid buyins
• MTM process to avoid exposures & inaccurate projections
• Other controls/exception reports related to Trade Support functions
• All month end task prior to Billing Cycle to avoid any billing differences
• Conduct regular calls with Top Clients to address feedback & make the processes efficient
• Provide weekly updates to global stakeholders to give visibility on the teams progress and key callouts
• Organizing knowledge series with the new team members to build depth
• Handling escalations related to internal/external stakeholders and manage expectations to minimize risk
• Regular SOP reviews ensure they are up to date and to meet the firms requirements
• Drive the team towards process efficiencies and commercial effectiveness
• Creating awareness amongst the team on the risk and impact of the different business strategies
• Influencing external clients to utilize vendor services to create process efficiencies

Your skills and experience

• Knowledge in Securities Lending & or Collateral Management 2 years for Analyst & Min 5 years of people management for Associate role