Associate - US Domestic Equities Settlements Open For Fresh Graduates

About Business Line/Function

Global Market Securities Settlements team ensures that North & South America domestic Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo.) and positions registered in the books under CIB ITO’s mandate match the commitment taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Position Purpose

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope

Primary Responsibilities Of This Role Include

• Settlement of Security transactions and associated products in a timely and cost-effective manner
• Timely resolution of nostro and depot breaks
• Mitigation of operational and reputational risk by escalating in a timely and efficient manner
• Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
• Ensuring all trades are instructed, matched & settled on a timely basis
• Monitoring of failing trades
• Reducing fails and/or potential fails by means of pairing off down deliveries
• Minimizing fails by means of partial deliveries where possible
• Pre-matching trades in a daily basis
• Cash Management related with funding trades
  
  

• By maintaining close relationships with traders and sales and escalating problems to them promptly where required
• By maintaining good working relationships with domestic agents and custodians
• By communicating with, and assisting, other operational departments where needed
• Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
  
  

• Basic theoretical understanding and Knowledge of Financial markets, Capital Markets, and Investment Banking Operations
• Good communications and collaboration with remote teams
• At least a Bachelors Degree in Business Management, Financial Management, Accounting, or any related field
• Must have good communication skills and flexibility with work arrangement
• Proficiency in Excel, with programming skills (VBA, Excel Access) is preferable
• Must be amenable to be assigned to work on a regular US Shift Schedule (9PM-6AM PHT)