Analyst - Settlements Management

Responsibilities: Responsible for pre and post settlement of OTC derivatives trades Ensuring all post settlement breaks are cleared within a reasonable time.

• Able to understand the various manual payments which are done from SWIFT ( 103, 202 ,202COV)
• Good knowledge on manual payment SWIFT creation.
• Able to understand the various breaks occurring in Nostro ( Statement v/s ledger recon )
• Able to understand the lifecycle of FIC products.
• Should have knowledge on FIC products. Ex. FX, MM, IRD, CDS, Options etc.
• Any ad-hoc duties that may be assigned by management Ability to handle, escalate & resolve queries in a timely manner
• Builds a strong depository of the Operations and Domain knowledge in the team
• To actively be involved in creating/ capturing process updates/ workflows pertaining to business & process
• To perform route cause analysis of errors and suggest/ implement controls in consultation with the Supervisor/ Manager
• To provide training sessions to new joiners and existing partners in the team
• To actively work on identifying and implementing process improvements in consultation with the Supervisor
• To initiate and lead team building activities within the team
• To actively participate in Audits/ BCP exercises and to help the supervisor to ensure awareness in the team
• To manage the sensitive clients and escalate to managers/FO in order to meet Fed Target
• Perform affirmation of deal details with counterparties via phone (ensure that contact person name, direct number, date and time of affirmation are clearly indicated on the ticket).
• Ensure that all payment messages are generated successfully.
• Ensure that all relevant payment messages are authorized and released before the currency cut-off time.
• Creation and release of any new, amendment or cancellation payments, whenever necessary.
• Coordinate closely with MO TSU for any payments related issues e.g. rollover deals, unusual payment instructions etc.
• Cross train and support other members in the team.
• Provide backup to other members of the team during holiday.
• Participate in projects or UATs, whenever required.
• Ensure quality of supporting data for permanent supervision of accounts including monthly reconciliation of all treasury sub systems (including spreadsheets) to general ledger
• Ensure that policies, procedures, best practices, mission and objectives set by management are adhered to on daily discharge of duties.