Senior Associate (Non-Loan Settlements)

aresmgmt; Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Ares Management in Mumbai seeks an Operations professional to perform detailed reconciliations of trade attributes and support settlement workflows for bank loans.

You will work with custodians, brokers and third-party admins, ensure accuracy, and use Excel and Power BI for KPI reporting; 2–3 years in investment management ops preferred.

Qualifications

• Bachelor's degree in Finance or related discipline.
• 2–3 years in investment management operations, bank loan focus.
• Strong Excel skills and working knowledge of Power BI.
• Experience with brokers, custodians, and agent banks.
• Understanding of MiFID II/EMIR reporting a plus.

Responsibilities

• Perform detailed reconciliations of trade attributes to align with counterparty records.
• Support bond, ABS, and FX settlement workflows.
• Handle loading and updating trades in OMS with accuracy.
• Coordinate with fund administrators and custodians to resolve discrepancies.
• Research and resolve settlement cash and par breaks, and assist with system enhancements.

Skills

Fixed-income knowledge

Bank loans

KPI reporting

Outsourcing experience

Regulatory reporting (MiFID II/EMIR)

Education

Bachelor's Degree in Finance

Tools

Microsoft Excel

Power BI

SWIFT/Euroclear workflows

Job description

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

Primary functions and essential responsibilities

• Perform detailed reconciliations of trade attributes - including traded quantity, price and asset - to ensure alignment with counterparty records
• Knowledge of Bond, ABS and FX settlement workflows
• Existing knowledge of SWIFT and Euroclear. Clearstream , DTCC systems, including the ability to initiate and manage trade amendments via SWIFT. Proven experience in resolving trade failures with custodians and counterparties
• Knowledge of MIFID II and/or EMIR reporting advantageous
• Knowledge of CSDR Claims process.
• Attention to detail when loading and updating trades as needed in our OMS
• Communicates well and able to organize workload to meet deadlines
• Strong attention to detail when dealing with wire uploads
• Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing activity to ensure accuracy.
• Proactively research, resolve and prevent settlement cash and par breaks with custodian banks and third-party administrators
• Timely crosschecking of trades with funding memos/Clear Par, booking trade fees as per funding memo, and settle with correct quantity
• Knowledge of loan settlements workflow and prior use of Clearpar advantageous
• Handle adhoc requests in a timely fashion
• Identify opportunities and work with all internal and external stakeholders to improve process efficiencies and increase risk mitigation
• Review daily recons between internal systems and third parties and resolve discrepancies
• Participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary.
• Take ownership of tasks and drive them to completion.
• Demonstrate a strong sense of accountability and a commitment to excellence.

Qualifications

• Education: Bachelor's Degree from an accredited university in Finance or related discipline

Experience Required:

• Strong fixed-income product knowledge, particularly bank loans
• Strong understanding of the bank loan industry and standards
• Understanding of liquid and derivative products
• Understanding of custodian bank/administrator's and agent's data
• Highly proficient in Microsoft Excel
• Proficient in Microsoft Outlook, Word, Wall Street Office and Geneva
• KPI reporting and Powerbi dashboard knowledge is a plus Minimum 2-3 years of investment management operations experience with high emphasis on bank loan operations
• Experience working with an outsource/offshore service provider
• Experience working with brokers, custodians and agent banks
• Self-motivator and highly organized

Reporting Relationships

Principal, Middle Office

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.