Manager, Securities Settlement, Setclear

CLSA Limited; Pune District; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

CLSA Limited in Pune seeks a seasoned Manager, Securities Settlement to lead the settlements team and ensure accurate trade execution. You will supervise end-to-end settlements, implement robust fails management, and drive reconciliations to maintain financial integrity.

The role requires 5+ years in securities or banking, team leadership experience, and deep knowledge of US equities and DTC workflow. Open to Asia/EU/US shifts, you will mentor staff and pursue efficiency gains in a dynamic,

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.
• 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.

Responsibilities

• Ensure that all trade details are pre-matched prior to settlement, minimizing discrepancies.
• Implement and adhere to fails management system to address discrepancies promptly.
• Supervise the entire settlements process for timely and precise execution.
• Conduct thorough reconciliations to validate financial records and address discrepancies.
• Identify and implement efficiency improvements in settlement processes and reduce costs.
• Manage SBL collateral processes and ADR/GDR conversions with regulatory compliance.
• Participate in project initiatives and UAT to align systems with business needs.

Skills

Team handling experience

US Equities

DTC workflow

23*5 market operations

Communication skills

Interpersonal skills

Education

Graduate degree

Job description

Manager, Securities Settlement, Setclear# CITIC Securities International Careers## Manager, Securities Settlement, SetclearApply: Pune: Full time: Posted Yesterday: JR003417## Key Areas of Responsibilities* 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