Analyst - Derivative Settlements

Delta Capita; Bengaluru; Hybrid; INR 600,000 - 900,000; Full time

Job summary

Delta Capita in Bangalore invites applications for a Settlements Analyst. You will ensure timely and accurate settlements of cash flows for derivative trades, performing pre-settlements checks and affirmations with counterparties.

The role requires rapid issue resolution and active collaboration with internal and external stakeholders. In this hybrid, permanent position, you will engage with Nostro and suspense investigations, maintain SLA-driven responses, and contribute to a robust settlements

Qualifications

• Business, Management, Finance and Accounting graduate or equivalent preferred
• Previous experience is an advantage but not mandatory
• Able to function in high pressure operations environment
• Flexible working environment and high-volume pace
• Knowledge of settlements and investigations beneficial

Responsibilities

• Ensure timely and accurate settlements of cash flows for derivative trades
• Conduct pre-settlements checks and affirmation of cash flows with counterparties
• Identify and resolve issues preventing timely settlement
• Engage with stakeholders and respond to queries within SLAs
• Support investigations of Nostro and Suspense breaks and escalations

Skills

Excel

Financial markets

Derivatives

Trade life cycle

Settlements

ISDA rules

Swift MT101

Swift MT103

Customer service

Business writing

Education

Bachelor's degree in Finance

Tools

Calypso

Summit

Job description

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.

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.

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