Manager, Securities Settlement, Setclear

CLSA; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

CLSA in Pune, India, seeks an experienced settlements professional to pre-match trade details, supervise the settlements process, and ensure accuracy and regulatory compliance across operations.

The role covers reconciliations, efficiency improvements, SBL collateral management, ADR/GDR conversions, and active participation in project initiatives and UAT to align systems with business needs.

Qualifications

• Graduate with at least 5 years in securities or banking.
• Experience leading a team for 2+ years.
• Strong knowledge of US equities and DTC workflow.
• Good communication and interpersonal skills for senior management.

Responsibilities

• Pre-match trade details to minimize settlement discrepancies.
• Oversee the settlements process to ensure timely, accurate execution.
• Conduct reconciliations to validate records and address discrepancies.
• Identify efficiency opportunities to reduce costs in settlements.
• Manage SBL collateral processes and ADR/GDR conversions.
• Contribute to projects and participate in UAT to align systems with business needs.

Skills

Team leadership

Communication

Multitasking

Mentoring

Risk awareness

Education

Graduate degree

Tools

DTC workflow

ADR/GDR processing

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

Stay informed on CITIC CLSA Job Opportunities

CITIC CLSA provides global investors and corporate executives with insights, liquidity and capital to drive their growth strategies. Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in asset management, corporate finance, equity and debt capital markets, securities and wealth management. As part of CITIC Securities (SSE: 600030, SEHK: 6030), China’s leading investment bank, CITIC CLSA is uniquely positioned to facilitate cross-border capital flows and connect China to the world and the world to China. CITIC CLSA operates from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit http://www.clsa.com.