Analyst - Derivative Settlements
Role Overview:
The role of the Settlements Analyst is to ensure the timely and accurate settlements of cash flows of Derivative Settlement trades on behalf of the client. This involves conducting pre-settlements check and affirmation of cashflows with counterparties, identifying and resolving any issues that may prevent timely settlement. The role reports into the Settlements manager, with oversight responsibilities shared by the supervisor.
Requirements
Core Responsibilities:
The Settlements function serves as a layer of control where booking issues such as incorrect economics (i.e., wrong direction, currency, index, notional, counterparty, etc.) are detected, escalated and resolved. The Analyst is expected to ensure the timely affirmation of cashflows with counterparties and performing all pre-settlements checks, settlement of cashflows and timely escalation of issues and discrepancies.
The role also encompasses Investigations function that requires timely follow up on failed settlements, reconciliations and investigations of Nostro and Suspense breaks stemming from systemic or economic issues, fully observing the procedures and policies of the function. Engaging with internal and external stakeholders in a timely manner and responding to queries/swift messages following SLAs, with consideration of urgency and importance.
Skills and Experience Required
Knowledge
Microsoft Office (Excel, Word etc)
Financial market - general principles and products of the markets
Derivatives Products
Trade Life Cycle functions and responsibilities - FO, MO, TMG, Confirmations, Reconciliations, Cash Management
Standard Settlements Instruction
ISDA definitions and market standards related to settlements
Swift messages, especially MT101, MT103, MT199, MT202, MT202COV, MT299
Business writing and communication
Customer service skills
Additional Skills (good to have)
Knowledge in VBA
Practices curiosity by questioning effectiveness of the process and exploring innovative solutions
Connects to colleagues and stakeholders to support broader initiatives of the business unit
Experience
Previous experience is an advantage but is not mandatory
Able to function in high pressure operations environment
Able to work in a flexible working environment
Ability to maintain focus while working within a dynamic, high-volume environment
Prior Calypso/Summit and other settlements and clearing platform knowledge is beneficial
Knowledge and experience in Settlements and Investigations functions are preferred
Qualifications: Business, Management, Finance and Accounting graduate or equivalent preferred
How We Work:
Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire.
This is a permanent, full-time position located in Bangalore with hybrid working. As the selection and interview process is ongoing, please submit your application in English as soon as possible, if your profile is selected, a member of our team will contact you within 4 weeks.
Who We Are:
Delta Capita Group (a member of the Prytek Group) is a global managed services, consulting and solutions provider with a unique combination of experience in Financial Services and technology innovation capability. Our mission is to reinvent the financial services value chain providing technology based mutualized services for financial institutions for non-differentiating services.
Why join us? (Overview of Dept./Function)
Derivative Settlements process covers the entire settlement cycle for Fixed Income Derivatives (FID). FID are highly traded instruments which can be further classified as either OTC or centrally cleared. Product knowledge is a highly sought after skillset. While the department covers the back office (BO) side of FID, the function allows for a staff member to develop end to end understanding of the back-office operations from trade booking to post settlements. Joining Derivative Settlements will provide you the product knowledge, trade life cycle understanding and settlement expertise that is expected to bring your career to the next level.
Our 3 offerings are:
· Managed Services
· Consulting & Solutions
· Technology
To know more about Delta Capita and our culture click here: Working at DC - Delta Capita