ASL

Job Description

Job Title ASL, Associate

Location Bangalore, India

Role Description

• Clearing and Settlement is responsible for managing the end-to-end clearing and settlement process.
• This is to ensure smooth and timely market settlement of securities and cash transfers between the bank and its counterparty.

Work includes

• Supporting interaction between internal and external stakeholders involved in the clearing and settlement process chain
• Allocating assets to optimize the portfolio strategically
• Ensuring adherence with market standards
• Clearing and settling through both primary and secondary markets and direct payments

What we ll offer you

As part of our flexible scheme, here are just some of the benefits that you ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Reconcile transactions/invoices by comparing and correcting data.
• Protect operations by keeping financial information confidential.
• Contribute to team effort by accomplishing related results as needed.
• Conduct reviews and evaluation for Cost Reduction Opportunities
• Produce accurate financial and Head Count forecasting reports within specified deadlines
• Manage budget including regular health-check reporting to GMO Management
• Gather, analyze and interpret external and internal data and write reports
• Work extensively (front to back) on Vendor Risk Management (VRM) workflows within stipulated deadlines
• Create Senior Management presentations as well as Management Summary reports/dashboards and deliver within stipulated time
• Close collaboration with UK & US teams
• MIS reporting and analysis of statistical data, inclusive search for new data source for evaluations and control of data.

Your skills and experience

The successful individual will have diverse experience of the financial sector in any of the following areas; Operations, risk/controls, quality assurance, compliance or audit and have experience managing deliverables & maintaining effective relationships with global senior management.

• Substantial and relevant experience in a global banking environment.
• Stock Lending, Collateral management or similar functions is preferred
• Experience in trade capture, settlements, and reconciliations across different products preferred as candidate will be required to know the full trade life cycle process
• Strong communication and interpersonal skills.
• Strong analytical and problem-solving skills.

Essential

• Overall at least 10+ years of experience in the financial / banking sector including 4-5 years proven experience in Securities / Settlement functions.
• Profound knowledge and expertise on Agency Lending Operation & Business Management techniques
• Proven experience as business manager or relevant role
• Outstanding communication and interpersonal abilities
• Thorough understanding of diverse business processes and strategy development
• Ability to learn and understand new technologies
• Ability to employ sound decisions from previous job experience
• Ability to negotiate
• Ability to resolve issues creatively and in a timely manner
• Excellent time management skills
• Ability to develop and maintain solid working relationships.
• Excellent knowledge of MS Office (Word/Excel/Powerpoint), databases (e. g. MS Access, Excel Macro) and information systems
• Good understanding of research methods and data analysis techniques
• Experience in Global Banking industry
• Experience in people management preferable
• Self-driven working style
• Able to work under stress with high quality output
• Best in class working style - high quality consciousness.
• Excellent team worker, able to work in virtual global teams and a matrix organization
• Ability to work in fast paced environment, keep pace with technical innovation and maintain a broad understanding of the business offering
• Open minded, able to share information, transfer knowledge and expertise to team members

Functional skills

• Assisting the team in decision making and taking complete ownership of the situation
• Supervision on daily BAU which includes daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties. Monitoring of same day equity trades ensuring settlement, releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.
• Supervision on the aged equity trades to ensure settlement, amending trades as per desk requests, performing reconciliations tasks, processing of crest returns.
• Monitoring International trades settlement for New York Entity, settling cash on new loans for collateral team to cover exposures.
• Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only
• Supervision on Agreement and settlement deals booked by the Fixed Income trading desk. Also manages the funding generated by these deals. Reconciles the reference linking between Broker system
• Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating between ASL clients
• Collateral management vs all Triparty Non Cash deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release.
• Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.
• Monitoring the team performing the Calculation eod funding and, making payments.
• Manage staff on a daily basis, distribute work, assign responsibilities, ensure appropriate staff motivation levels and continuous learning.
• Conduct regular operational performance reviews and participate in monthly self-assessments.
• Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.
• Cross train available resources to ensure 100% backup within the areas under control
• Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact on the business.

How we ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs
• Educated to bachelor s degree level or equivalent qualification/work experience

About us and our teams

Please visit our company website for further information

https//www. db. com/company/company. htm

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.