Securities Lending Operator - NCT

Role Description

• 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 brokerage invoices.
• Ensuring high value breaks are resolved on time to avoid risk
• Claiming funds on receipt from broker.
• 4 level control check while releasing payment to avoid incorrect amount being to paid to client.
• Reporting to senior Management on weekly basis

Your key responsibilities

Securities 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 brokerage invoices.
• Ensuring high value breaks are resolved on time to avoid risk
• Claiming funds on receipt from broker.
• 4 level control check while releasing payment to avoid incorrect amount being to be paid to client.
• Reporting to senior Management on weekly basis

RISK ANALYSIS (STOCK & CASH)- EQUITY

• 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 Coupon Claims
• Knowledge on Income Receivables would be an added advantage.

Your skills and experience

Collateral management

• Collateral Managements principal function is risk mitigation, covering all currency, equity, rates and credit derivatives as well as FX, repo and commodity products traded across the world.
• The Collateral Teams primary role is to aggregate and manage the banks exposure across its entire collateralized portfolio.
• The implementation of our effective collateral management agreements with our clients has dramatically reduced the amount of credit risk associated with a transaction. Our successful collateral management program lowers the banks credit line utilization and significantly reduces regulatory capital charges, which in turn leads to greater trading capacities and higher returns on capital.
• The team is responsible for monitoring the margin calls, feeds & uploading / processing various trades feeds into the Collateral Systems to enable smooth & timely functioning of the various downstream functionalities. Pricing of securities held as collateral, performing reconciliation between various systems. Static data setup for new clients and maintenance of static data.