Manager, Securities Settlement, Setclear

CITIC Securities International; Pune District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

CITIC Securities International in Pune is seeking an experienced Settlements professional to oversee the end-to-end settlement process, ensure accuracy of trade details, and minimize risk of discrepancies. You will manage reconciliations, SBL collateral handling, and ADR/GDR conversions, while coordinating with senior management and global teams.

The role requires 5+ years in securities with team leadership, and openness to Asia/EU/US shifts.

Qualifications

• Graduate with at least 5 years of experience in the securities, banking, or a related industry.
• Should have team handling experience for at-least 2 years.
• Strong knowledge of US Equities, DTC workflow, 23*5 market operations including relevant practices and trends.
• Knowledge of European, Asian equity and fixed income products is a plus.
• Excellent communication and interpersonal skills for interaction with senior management.
• Open to work in Asia / EU / US shifts depending on work requirement.

Responsibilities

• Ensure all trade details are pre-matched prior to settlement to minimize discrepancies.
• Implement and adhere to fails management system to address discrepancies.
• Oversee settlements process ensuring timely and accurate execution.
• Perform thorough reconciliations to validate financial records and address discrepancies.
• Identify opportunities for efficiency in settlement processes and reduce costs.
• Manage SBL collateral processes to comply with regulatory requirements.
• Coordinate ADR/GDR conversion processes to ensure timely execution and compliance.
• Participate in projects and UAT to align systems with business needs.

Skills

Communication skills

People management

Multitasking

Stakeholder liaison

Education

Graduate degree in related field

Job description

• Ensure that all trade details are pre-matched prior to settlement, minimizing the risk of discrepancies
• Implement and adhere to fails management system to promptly address and resolve any discrepancies encountered during the settlement process
• Supervise the entire settlements process to ensure timely and precise execution, adhering to all regulatory and compliance standards
• Conduct thorough reconciliations to validate the integrity of financial records, swiftly identifying and addressing any discrepancies
• Proactively identify and implement opportunities for efficiency enhancements in settlement processes, focusing on streamlining operations and lowering operational costs
• Manage the Securities Borrowing and Lending (SBL) collateral processes to ensure proper handling and compliance with regulatory requirements
• Efficiently manage the conversion processes for American Depositary Receipts (ADR) and Global Depositary Receipts (GDR), ensuring timely execution and compliance
• Actively participate in project initiatives and User Acceptance Testing (UAT) to ensure that new systems, processes, and tools align with business requirements and enhance operational effectiveness

Requirements

• Graduate with at least 5 years of experience in the securities, banking, or a related industry
• Should have team handling experience for at-least 2 years
• Strong knowledge of US Equities, DTC workflow, 23*5 market operations including relevant practices and trends. Knowledge of European, Asian equity and fixed income products will be an added advantage.
• Excellent communication and interpersonal skills for interaction with senior management
• Candidate should be open to work in Asia / EU / US shifts depending on work requirement.
• Multitasking ability to manage priorities effectively
• Capable of building rapport with management, local offices, brokers, and clients
• Self-motivated with a strong eagerness to learn and take on challenges
• Proactive in pursuing growth opportunities and mentoring others while managing risks and adapting to changes in project management