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We are Hiring for Analyst/ Sr. Analyst for Fixed Income Settlements

Keywords / Skills : Trade Settlements, Swift Messaging, Trade Processing

2 - 5 years
Posted: 2018-10-26

Banking/ Financial Services
Customer Service/ Call Centre/ BPO
Banking, Insurance & Financial Services
Investment Banking
Any graduate
Posted On
26th Oct 2018
Job Description


Specific Duties:(KRAs)
• Trade Prematching; Ensure that all trades are 100% pre-matched and settled within market/client deadlines
• Trade Confirmation & Trade Affirmation-
• Ensure timely affirmation and dispatch of trade confirmation on T+0.
• Ability to draft manual paper confirmation of fixed income trades in exceptional circumstances.
• Liaise with brokers/dealers/Counterparties/Front Office in the event of non-receipt of confirmations/ trade discrepancies
• Trade Settlement-
• Timely process/authorize Trade settlement instructions(DTC/FED, EUROCLEAR, Cross-border trades) New Issues settlement, Netting ,Pair offs, Trade Partials etc
• Effectively process settlement of Fixed income trades (Repos, Govt Bonds, Corporate bonds, structured notes) and manage the various settlement queues with strict adherence to currency cut-offs and mitigating issues in timely manner
• Prioritize the trades as per market cut off time and Value to avoid any Buy-in execution.
• SWIFT Processing-
• Processing/Authorizing of swift messages MT 103, MT 202,MT 540-543, MT 599 etc
• Accurate processing of payments, coupon, custodian fees, etc
• Mailbox Management
• Ensure timely email response & strict TAT adherence is achieved.
• Static Data-
• Referential data Setup of instrument / issuer details/counterparty SSI’s
• Conversant in using Bloomberg & Reuters for checking details pertaining to fixed income instrument/issuer info/coupon details/maturity details etc
• Ensure counterparties' (ie. custodians and brokers) details eg. contact numbers, settlement and remittance details etc. are properly updated and disseminated
• Fails Management
• Ensure timely matching, stock borrowing requests, fail coding, fails chasing and narration.
• Ensure prompt follow-up on failed trades/transfers/short positions and resolve failed trade queries proactively and also
• Timely escalate exceptions and failed transaction to appropriate stake holders for early resolution.
• Breaks Resolution-
• Prompt resolution of NOSTRO/Internal Breaks /Suspense breaks
• Ability to perform Custodian fee or adhoc reconciliation.
• Accounting Journal posting-
• Pass supplementary and/ or adjustment accounting for Non-STP transaction.
• MIS / Reporting
• Daily/ Weekly and Monthly KPI Reporting to all the stakeholders.
• Inform Management of error trades and capture/report incidents
• Prepare Dashboard & attend KPI calls with client.
• Audit /Regulatory Request
• Should comply to all market regulations and provide support for regulatory requests/audit request when required
• Product / Process training &Procedural documentation
• Review training and refresher requirements and schedule sessions for the teams.
• Review existing standard operating procedures and document new procedures in the section
• Process Improvement & Productivity initiatives
• Identifying cost saving opportunities in operations processes and process improvement opportunities in daily processes and takes ownership to convert ideas into viable proposals and ensure effective implementation.
• Spearhead transformation and productivity initiatives in the domain with focus to add value to the customer.
• UAT / BCP/Projects-
• Perform and Participate in UAT and adhoc projects.
• Participate in BCP documentation/drills and be up-dated on BCP drills/activation
• Team Management
• Prior experience managing a team is essential and must be able to illustrate strong people management skills and should act as a single point of contact for settlement team
• Prepare Productivity tracker /Error tracker / Skill level matrix for team’
• Stakeholder Management-
• Manage client expectation of building a right culture of knowing the process.
• Promptly attending queries from Front Office, Advisory Desk, and counterparties
• Operational Control-
• Effectively handle Control parameters like checklists, reporting & escalations, queue management are adhered.
• Identifies problems/issues proactively, looks for innovative solutions
• Contribute to the reporting of all error trades and process incidents to the Management
• Ensuring SLA's KPI's are green : Parameters relating to Productivity, Accuracy, Completeness and TAT are met
• Ensure procedures and control measures are strictly adhered to.
• Push a culture of compliance and risk management in line with regulatory requirements guided by the client.

Relevant experience in reconciliation process. 7-9 years. Should have managed operations for international client

Skills / competency requirements
• Strong domain expertise (Thorough understanding of all Capital market, Financial Instruments, Trade life cycle, Investment baking processes and above average accounting skills)
• Good communication skills
• Self-starter, motivated
• Innovation and initiatives (Think "outside the box"):
• Self discipline & autonomy and have a constant "delivery on time" mindset
• Attention to detail and Ability to notice any abnormal processes
• Adaptability & Change Management: Ability to easily adapt to new situations
• Strong Client Focus and capacity to work with various clients
• Ability to timely Escalate & Report issues.

About Company

Hexaware BPS is the wholly owned BPO subsidiary of Hexaware Technologies Ltd. We are currently staffed at 4000+ people across Navi Mumbai (Mahape) Chennai, Nagpur and US. Ranked 15th in the NASSCOM Top 20 IT Software & Services Exporters from India, we also rank among the Top 20 Best IT employers in India by DQ-IDC for four years in a row. Hexaware BPS leverages on a strong technology legacy from its parent organization.
Our core expertise areas include Human Resources Outsourcing (HRO), Healthcare, Finance & Accounting Outsourcing (FAO), and Knowledge Services. In these areas we service our customers in North America, Europe and Asia by providing them front and back office solutions through Transaction Processing, Documents Management, Voice Processes, Transition Management, and Consulting services on Shared Service Center set-up and business case development.
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