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Team Manager Operations

DWS Group

1-4 years

Bangalore / Bengaluru

1 vacancy

DWS Investment

posted 4mon ago

Key skills for the job

+ 4 more

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 (PirumEquilend)
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