Iwm Ops Trade Support 2-3 Yrs Job in Rangam Infotech Pvt. Ltd.

Job Summary Job Description

Timings 6.30 AM to 3.30PMSkills :Good communication skills oral and written, basic knowledge of derivativesTrade booking , Trade settlements on any or combinations of the Products : Equity , Fixed Income , Mutual Funds, Equity Derivatives.

JOB DESCRIPTION

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Firm can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.

THE DEPARTMENT

As part of a department transition from Singapore to Bangalore, this middle office opportunity sits within the International Wealth Management (IWM) Asia Operations team based in Bangalore, an IWM Operations hub with a growing presence year-on-year. IWM Operations has a strong presence in Bangalore, Hong Kong, Australia, and Singapore

IWM Operations support the IWM business unit located in Hong Kong, Singapore, and Australia. IWM is a Firm's private banking business centered on providing investment/banking solutions to its Ultra High Net Worth client base.

TEAM PROFILE

This middle office team (also known as Trade Support) comprises of dedicated professionals, performing a myriad of functions, all with a common purpose: to provide front to back trade support to our IWM clients for products such as Equity, Fixed Income, Mutual Fund, Hedge Fund and Equity & Fixed Income Structured Notes. Front to back functions include trade booking, reconciliation, settlement oversight, and ad-hoc & project involvement. This role will give the candidate a significant opportunity to become a subject matter expert across a number of products under Wealth Management business context while providing daily interaction with the Asia based business unit.

The role will require the candidate to work Hong Kong hours. This is a contract for 12 months within the middle office team. Potential for permanent conversion can be explored depending on staff performance.

Primary responsibilities include, but are not limited to:

• Monitoring trading systems and booking trades on a TD basis
• Perform daily reconciliation and clearance of positions/balances breaks, timely escalate to supervisor on any outstanding breaks by day end.
• Daily interaction with the Sales & Trading Desks and IWM business unit answering via phone any ad-hoc requests/trade related questions
• Demonstrate strong process knowledge of business process on the products managed under the candidates remit
• Ensure that colleagues are adequately cross trained to cover planned or unplanned absence.
• Escalation and thorough documentation of all issues / breaks to Supervisor / Manager.
• Actively embrace process re-engineering to streamline / improve existing processes. Active involvement in project work.
• Ensure compliance / adherence with Service Level Agreements.

Qualifications:

The ideal candidate should have:-

• At least 2-6 years experience (depending on role grade) in the financial services sector such as a middle office / trade support role. Relevant experience in cash equity, fixed income, mutual funds, hedge funds, structured notes/derivatives products will be an added advantage.
• Excellent verbal and written communication abilities. The role will require daily phone calls with traders and IWM business unit.
• Superb attention to detail, accuracy & quality, with mathematical skills (PnL calculations)
• Strong time management and task prioritisation skills. Ability to work Hong Kong hours to ensure all deliverables are performed within required timescales before day end.
• Focus on risk guardianship, ensuring that issues are identified, escalated, resolved and reported on a timely basis
• Passion, energy and enthusiasm. Is a self-starter who takes individual ownership for work quality and improvement.
• Ability to work well under pressure and time criticality tasks considering the T+0 nature of the transactions
• Ability to absorb information and learns quickly whilst displaying self-starter characteristics.
• Innovation and continuous improvements: mind-set to challenge the existing processes and status quo.
• Required strong proficiency in Microsoft Excel (including formulas and managing large scale data)
• Attention to details
• Work independently
• Proactive and self-motivated
• Result-focused mindset