Manager, Securities Settlement, Setclear

citicclsa; Pune District; On-site; INR 800,000 - 1,100,000; Full time

Job summary

citicclsa is seeking an experienced Senior Settlements professional to oversee trade pre-matching, discrepancy resolution, and end-to-end settlement processes. You will supervise the settlements team in a fast-paced environment across US, European, and Asian markets, ensuring regulatory compliance and operational efficiency.

The role requires deep knowledge of US equities, DTC workflows, and 23x5 market operations, with strong communication skills to engage senior management and cross-functional

Qualifications

• Graduate with 5+ years of experience in securities, banking, or a related industry.
• 2+ years of team handling experience.
• Strong knowledge of US Equities, DTC workflow, and 23*5 market operations.
• Excellent communication and interpersonal skills for interaction with senior management.
• Willing to work in Asia / EU / US shifts as required.
• Able to multitask and 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.

Responsibilities

• Pre-match all trade details prior to settlement to minimize discrepancies.
• Implement and adhere to a fails management system to resolve discrepancies in settlement.
• Supervise settlements process to ensure timely and accurate execution per regulatory standards.
• Conduct reconciliations to validate financial records and address discrepancies.
• Identify opportunities to streamline settlement processes and reduce costs.
• Manage SBL collateral processes to ensure regulatory compliance.
• Oversee ADR/GDR conversion processes for timely execution and compliance.
• Participate in projects and User Acceptance Testing (UAT) to align systems with business needs.

Skills

Securities domain knowledge

Team leadership

Communication skills

Multitasking

Detail-oriented

Education

Graduate in finance or related field

Job description

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