Skills Required:

  • Investment Operational experience in OTC Derivative products, preferably with experience in a Trade Settlements and reconciliation for equity derivatives, commodities, credit, futures, and foreign exchange (FX) products
  • Drafting, Confirmations, Affirmations, Settlements and or Middle office exposure
  • Experience with Microsoft Office, TLM, BESS, PEGA
  • 2+ years of work experience in the above listed products.
  • Bachelor’s degree in Finance, Accounting or related discipline. M.com, MBA in finance or accounting preferred
  • 1-3 years of Reconciliation and Accounting Background Experience
  • Ability to understand business language and translate into technical terminology

Roles & Responsibilities:

  • Affirm / confirm cash settlement for executed deals with the various counterparties
  • Transmit cash instructions to custodians, administrators and other relevant third parties
  • Liaison with custodians, administrators, counterparties, Middle Office and Trade Documentation teams to resolve affirmation / confirmation discrepancies and / or settlement failures
  • Supporting multiple regions i.e., Toronto, London, Ireland, New York, and Asia Pacific for various business lines including FX, Derivative Products, Security Settlements, Money Market, Collateral, Futures, Lending Services and Finance
  • Work with IT and management to improve systems and processes with a view to constantly improving controls and efficiency
  • Timely and accurate reconciliation of the Bank’s cash accounts held at other Banks and internal Inter Branch Accounts in strict compliance with Bank standards and regulatory requirements
  • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
  • Maintain and exchange static data and settlement instructions for all legal entities
  • Perform upfront/ termination/ and exercise fee settlement and reset and roll calculations for relevant OTC deals as required
  • Promptly identify, track and settle all outgoing and incoming payments
  • Analyze the breaks triggered due to booking issues, settlement issues and resolve in quicker manner
  • Monitor the data feed for position reconciliation, identify the gaps, perform root cause analysis, and update the relevant stakeholder for faster resolution
  • Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities