Cash Settlement (6-12 Yrs) Job in Rangam Infotech Pvt. Ltd.

• 4+ years of experience within Settlement operations
• Strong IT skills and proficiency with Microsoft Office applications (particularly Excel)
• Strong product knowledge ( Equity, Commodities, FID & FX)
• Some experience in oversight of team members
• OTC Settlements team. Confirmation, Settlement of trades. Knowledge of MT202/MT103. FX product knowledge will be an added advantage.
• Knowledge of AP+EU currencies and settlement markets. Cash Management + Settlement + Funding

Department Profile

Shared Service Banking operations (SSBO) provide utility processing services to Global Operations. By functionalizing processes across segments, SSBO realizes efficiencies through scale, location strategy and adoption of best practices. SSBO provides quality operational core processes at an optimal price point, with maximum benefit to MS business lines. Services currently provided by SSBO include Cash Management, Cash Derivatives and Security Settlements, Position Services, Reconciliations, Tax, Client Reference Data; AML Client & Transaction screening, Network Management and Vendor Management.

Cash Settlements is a global team with footprints in Mumbai, Glasgow & Baltimore.

Background on the Team

The Cash Settlements team is responsible for the accurate and timely settlement of all OTC Derivative, Foreign Exchange and Commodities cash flows to and from the firm's clients, counterparties and custodians. Additionally, the group performs post settlement reconciliation, fail and break resolution and client support functions. The position requires daily interaction with various clients and broker dealers globally, in addition to sales and trading desks, Trade Support, Finance, other Operations groups, and technology teams.
Cash Settlements is divided into several teams by product and function. This offers the successful candidate the opportunity to learn the intricacies of a variety of complex products and functions within the larger Settlements team. Each team is responsible for controlling risk by managing relationships with clients and counterparties to ensure that high risk settlements are settled in a timely manner and any post-settlement issues or discrepancies are identified, escalated appropriately and resolved.

Primary Responsibilities

The successful candidate will responsible for Settlement related functions within the wider Cash Settlements team. The successful candidate is expected to become a Subject Matter Expert in their function and provide support to the Director group.

• Work on day to day Cash Settlements functions (FX/ FID/ Equities / Commodities)
• Ensuring timely settlement of cash flows and Investigation and resolution of fails
• Subject Matter expert for function and product covered within the group
• Analysis of current processes and identification of process/system to increase efficiencies
• Attention to detail and accuracy
• Metrics reporting using Excel
• Supporting applicable Change the Bank and Run the Bank Projects impacting the team, from inception; providing SME support, testing and monitoring into Production and be actively involved in UAT testing.
• Escalation point for issues and discrepancies with external and internal counterparties
• Ensure timely settlement of cash flows and resolution of fails
• Subject Matter expert for function and product covered within the group
• Ability to think out of the box and work on identification of process/system to increase efficiencies
• Supporting applicable Change the Bank and Run the Bank Projects impacting the team, from inception; providing SME support, testing and monitoring into Production
• Client and Business Unit relationship management
• Participation in industry forums where applicable
  

Skills required (essential)

• Experience within a Settlements or applicable product related role
• Bachelor's Degree
• Strong analytical, organizational, and verbal and written communication skills
• Proven ability to work efficiently and accurately under pressure in a fast paced-multi tasking environment
• Proactive and self-motivated
• Strong Microsoft Excel and Word skills
• Flexible working in Shift (Asia or EMEA)
• Proactive and self-motivated