Job Description

Role Responsibilities:

- Serve as the front-line operations support for the Business Unit for securities lending and secured financing products.

- Work closely with other internal and external stakeholders including settlement and corporate actions teams throughout the lifecycle of a trade.

- Understand the life cycle of Stock Loan trade and aware of about Returns and Recall process.

- Work with external lenders to book requested recalls on priority.

- Maintain a blotter of Recalls processed for the team.

- Knowledge of Security Lending (Stock Loan) and Secured Funding would be preferred.

- Serve as the primary point of contact to Borrowers and Lenders (clients) of securities. This includes working with other areas who also have contact with the clients and acting as a point of escalation for any issues

- Ensure the firm is not exposed to Lenders and that any exposures or collaterals are understood and agreed with Credit

- Perform trade lifecycle amendments and reconcile positions to identify and reduce risk.

- Pre-match trades and perform failing trade management
- Perform daily cash and stock reconciliation ensuring client's books and records match external positions 

- Knowledge about SFTR Regulation would be added advantage

- Performing timely deal amendments across key coverage markets

- Settlement support for Securities lending transactions across all EMEA markets

- Updating and maintenance of client profiles

- Work with the vendor to ensure comprehensive controls are in place and complete procedure reviews/enhance the control environment

- Involvement in BCP transference testing and ensuring knowledge dilution in Glasgow is minimised

- Working with key stakeholders to identify and create efficiencies in daily processes.

- Work with IT to develop, test and rollout new client technology solutions

- Handling various administrative duties

- Involvement in current market and regulatory initiatives in conjunction with stakeholders

- Provide operations support for IT developments

- Participate in NPA discussions for stock loan

Skills Required:

- Bachelor’s degree

- Attention to detail

- Excellent written and verbal communication skills

- Knowledge of Microsoft Office with a focus on Excel

- A good aptitude for working in a demanding, fast paced environment
- An ability to handle high volume workloads and prioritisation skills
- A flair for learning new functions/systems quickly
- Flexibility with regards to hours worked
- A good approach to change management on account of the team-s continual growth and development
- Strong communication skills as you will be expected to develop relationships with clients
- Fast learner
- An understanding of escalation
- An ability to handle working in a pressurized environment
- A desire to question existing procedures and continually seek to improve processes
- Ability to work unsupervised
- A desire to go -above and beyond- daily responsibilities - seek to problem solve
- Strong sense of accountability
- Risk management skills
- Leadership skills
- Organizational skills
- Ability to work across silos where required

 

1.Years of exp: 5-7 years

2.Contract duration: 6 months to start with (can confirm on the extension later)

3.Acceptable Notice Period: Immediate to 30 days

4.Location-Bengaluru

5.Will system pe provided: Yes most probably.

6.Hybrid/WFO: Hybrid

7.Must have skillset:

• Prior experience of working in Equity Operations with knowledge of Equity Trade Life Cycle, Equity Settlements would help
• Experience of interacting with external counterparties for breaks or issues resolution
• Perform trade lifecycle amendments and reconcile positions to identify and reduce risk
• Pre-match trades and perform failing trade management

8.Good to have skillset: Stock Lending and Borrowing Experience will be an added advantage

9.Shift timing- 6 AM IST till 3:30 PM IST