Manager, Securities Settlement, Setclear

CLSA; Pune District; On-site; INR 1,200,000 - 2,500,000; Full time

Job summary

CLSA is seeking a seasoned settlements professional to lead end-to-end trade settlement activities, including pre-matching, reconciliations, and collateral management. The role requires strong knowledge of US equities and DTC workflows, with readiness to work across Asia, Europe, and US shifts as required.

You will supervise the settlements process, drive efficiency, mentor junior staff, and ensure adherence to regulatory standards while coordinating with brokers and clients.

Qualifications

• Graduate with 5+ years of experience in securities, banking or related industry.
• Experience leading teams for at least 2 years.
• Strong knowledge of US Equities and DTC workflow; experience across markets is a plus.
• Excellent communication and interpersonal skills with senior management.
• Willingness to work across Asia / EU / US shifts as needed.

Responsibilities

• Ensure pre-matching of trade details prior to settlement to minimize discrepancies.
• Implement and follow fails management system to address discrepancies promptly.
• Supervise settlements process for timely and accurate execution in compliance with standards.
• Conduct reconciliations to validate financial records and resolve issues swiftly.
• Identify efficiency opportunities to streamline settlements and reduce costs.
• Manage SBL collateral processes in line with regulatory requirements.
• Oversee ADR and GDR conversion processes for timely execution.
• Participate in project initiatives and UAT to align systems with business needs.

Skills

US Equities

DTC workflow

Market operations

Communication skills

Mentoring

Risk management

Project management

Multitasking

ADR/GDR familiarity

Education

Graduate degree 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