Deutsche Bank - Team Manager - Operations Analyst - Securities Lending/Collateral Management (7-10 yrs)

Job Title : Operations Analyst

Corporate Title : Associate

Location : Bangalore, India

JOB DESCRIPTION:

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 team's 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 firm's 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.