About Company
Resource Access Management Solution pvt ltd
Leading Investment Banking Company
Job Description
Position : Senior Analyst Cash Eq Ops (Fail management/Reconcilliation)
Exp : 6 - 12 Yrs
Looking Candidates Anywhere in India
Job Loction : Chennai
Experience, qualifications and other requirements specific to the role
Degree level or appropriate industry qualifications with at least 2+ years within a similar / comparable banking environment
1)Fail Management :
To resolve and prevent pre-match fail and fails, including:
Act on all non STP messages within a prioritized framework to send fully configured trades to Settlements
Interact with Settlements with regard to allegements/agent bank statuses
Liaise with clients, FO, MO, Settlements to match transaction as early in the trade cycle as permitted in the market
Assist
in communication of potential buy-ins to clients, giving reasoned
argument as to the reasons for the buy in and available options
Assist
where necessary in Corp Action events that may impact pre-match and
settlement, understanding the action event so that the information can
be given to stakeholders
Escalate all non matched transactions on value date and beyond
To manage fails, including:
Liaise with clients or prime brokers for any failed trades, managing the trades through to settlement
Advising Desk and key stakeholders of fail reasons, identifying behavioural patterns or internal process failures
Interact with Settlements on fails with Corporate Events
Relay buy-in/fines/DKs to client, management and FO
Produce fail and unmatched MIS
Inbox maintenance
Working
with Settlements team and other middle office colleagues as well as
Front Office and clients to resolve pre-matching issues and manage
fails.
Therefore the candidate is required to have good understanding
of Cash Equity products, life cycle of the trade, especially the
pre-matching and settlement processes.
The candidate will be expected to become proficient in all global equity markets
The
role will also require close contact with clients, PBs, various Ops
teams and the Front Office so the ability to convey information in a
detailed and succinct manner is essential
MIS production to key stakeholders
This is a challenging role in a high volume environment with prioritised deadlines.
Excellent
written and verbal communication, possessing the ability to provide and
disseminate reasoned argument and commentary on all issues affecting
the markets covered.
Detail oriented.
Good knowledge of cash eq product, especially the pre-match and settlement processes
Prior experience with settlement or middle office fail management is preferable
An organized individual with good time management, prioritising tasks and able to meet deadlines, often in competing markets.
Ability to coordinate with various teams to action items
Degree level or appropriate industry qualifications with at least 2+ years within a similar / comparable banking environment
Good knowledge and experience of cash equity middle office or settlement areas
Knowledge of the front to back process in an environment of investment banking
Understand operational risks to reduce risk profile to the equity product
Passionate about continuous improvements
Excellent command of English - both in verbal and written
Able to communicate in other languages desirable
Proven
ability to build, maintain and enhance relationships at all levels
including interacting effectively with other key areas within the bank
e.g. IT, MO, FO, Ops Control.
Ability to influence others for providing the supports and work under pressure independently
Detailed and meticulous, high level of accuracy with low tolerance for error
An achiever and ambitious, with a strong desire to succeed Innovative, hard working, enthusiastic and motivated
Degree level or appropriate industry qualifications with at least 2+ years within a similar / comparable banking environment
2)Reconcilliation :
Producing and reviewing reconciliation reports from key reconciliation systems
Allocating ownership of breaks to key stakeholders
Performing manual reconciliation where there is no systemic process
Following up with break owners to clear the break as soon as possible, escalating where necessary to mitigate risk
Require
intensive contact with on-shore middle office teams, as well as Front
Office personnel for break investigation and break resolution.
Clearing breaks from key reconciliation reports from key reconciliation systems
Breaks can occur for various reasons and in every process of life cycle of the trade.
Therefore
the candidate is required to have good understanding Cash Eq products
and front to back knowledge of the order flows. The expectation is that
the candidate will become a subject matter expert for all the equity
flows within the bank.
The role will also require close contact with
various Ops teams and Front office, so the ability to communicate
issues/breaks with reasoned and detailed argument is essential.
MIS
production of breaks and trending will be required with the candidate
needing to understand the trending, so that they may liaise with IT to
fix systemic issues.
This is a challenging role in a high volume environment with prioritised deadlines.
The role is suitable for candidates with excellent written and verbal communication.
If interested forward your resumae to [HIDDEN TEXT]
Kindly Fill up with the following details
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With Regards
Subhashini S
RAMSOL PVT LTD
044 43994065
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