Settlements Professional
2 days ago
We are seeking an experienced Settlements Professional to join our team at CA Financial Appointments. In this role, you will be responsible for supporting the dealing desks with local and global settlements, private client administration, and post-trade support activities.
Key Responsibilities:- Settlement Function Oversight: Ensure the smooth operation of the settlement function, including Equity, Derivative, and Bond Trades.
- Transaction Management: Manage the settlement of all transactions, adhering to relevant exchange rules and directives.
- Exchange Relations: Develop and maintain strong relationships with relevant exchanges, ensuring efficient and timely settlement of all transactions.
- Settlement Authority Liaison: Coordinate with Settlement Authorities of relevant exchanges to facilitate seamless settlement processes.
- Cash and Journal Reconciliation: Reconcile cash payments, receipts, and journal entries.
- Net Settlements Schedule Review: Regularly review Net Settlements schedules against Bank Statements and BDA.
- Query Resolution: Resolve external and internal queries related to trades from brokers, clients, and custodians.
- Client Relationship Building: Foster strong relationships with clients and stakeholders, ensuring prompt issue resolution.
- Trade Support Collaboration: Work closely with Trade Support teams to monitor daily post-trade settlements for international equity trades and escalate as necessary.
- Metric Maintenance: Update metrics concerning settlements and post-trade activities.
- Trade Matching: Verify that trades are accurately matched between clients and stakeholders.
- Trading Desk Allocations.
- Private Client Trading Instructions.
- Incident Reporting.
- Business Process Enhancement.
- Compliance Assurance: Collaborate with Compliance Officers to ensure adherence to legislation, Exchange Rules, and Directives, taxation.
Our ideal candidate will possess a minimum of 3-5 years' experience in investments, stockbroking, or financial markets operations, with prior settlements experience locally and internationally. Proficiency in Excel, Accounting & Exchange Systems, Mecras, and BDA is required.
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