Derivatives Settlements & Investigation Associate

The Settlements and Investigations Manager is responsible and accountable for the Settlements and Investigations functions, ensuring timely and accurate settlement of cash flows and resolution of post settlement breaks of Derivatives trades on behalf of our client.  

The Settlements and Investigations functions also serves as a layer of control where booking issues such as incorrect economics (wrong direction, currency, index, notional, counterparty, etc.) are detected, escalated, and resolved. To this end, the Settlements and Investigations Manager is expected to have these issues identified within the pre-settlement stage and to have the team asses the risk of all post value breaks within 24 hours of posting or inquiry and initiate appropriate steps to resolve them while fully observing the procedures and policies of the function. The Settlements and Investigations Manager is also expected to ensure escalation to senior management and the business is done timely, and corrective actions are taken. 

The Settlements and Investigations Manager should demonstrate resilience by serving as a referral and escalation point for the team, as well as performing some control functions such as monitoring settlement and payment task stations and ensuring that the control framework is effective and consistently adhere to. The role requires monitoring of all settlement queues of the team, ensuring pre and post settlement checks are performed such as affirmation of cash flows with counterparties, identifying and resolving any issues that may prevent timely settlement, investigation Nostro exceptions, and addressing root causes of breaks. 

As a people manager, the incumbent should demonstrate strong inclination for developing others by providing guidance and support to members of the team, seeing to their on-going development and improvement of expertise. 

The leadership dimension of the role requires exhibiting a growth mindset by effectively managing the business of today at the same time influencing the direction of the team towards the future state. 

Core Responsibilities: 

Ensuring the team affirms cash flows with counterparties, performs all pre-settlement checks (SSI’s, booking, etc.) and settles cashflows accurately 

Ensuring the team claims and investigates related breaks at day 1, prioritizing based on risk 

Monitoring of team performance aligned with the daily KPI’s around settlements and ensuring appropriate actions are undertaken if issues arise. 

Timely identifying and escalating of issues that may delay the settlement of cash flows and create exceptions. 

Addressing all requests received from our internal and external clients in a timely manner   

Adhering to all policies and procedures of the function, and updating them as needed 

Skills and Experience Required 

Knowledge  

Understanding of markets trade life cycles including bookings, validations, confirmations, settlements, reconciliation, etc 

General understanding of financial markets and the principles of derivative products of the financial markets 

Calculation/verification of derivative cashflows 

Understanding of operational control environments 

Prior Swift messaging knowledge/understanding is beneficial (MT103, MT199, MT202, MT202COV and MT299) 

(Standard) Settlement Instructions 

Currency cut-offs and regulations 

Interpretation of confirmation documents – electronic and paper 

Familiarity with ISDA definitions 

Familiarity with market standards related to settlements 

Cash management and funding requirements 

Understanding of Nostro accounts 

Business writing and communication 

MS Office and especially Excel 

Experience  

At least 6 years in treasury operations and settlements experience preferred 

Payments and/or cash management experience preferred  

Prior supervisory experience preferred  

High pressure operations environment 

Ability to maintain focus while working within a dynamic, high-volume environment 

Prior Calypso/Summit knowledge beneficial 

Qualifications 

Business, Management, Finance and Accounting graduates or equivalent preferred

How We Work:

Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire.

This is a permanent, full-time position located in Bangalore with hybrid working. As the selection and interview process is ongoing, please submit your application in English as soon as possible, if your profile is selected, a member of our team will contact you within 4 weeks.

Our 3 offerings are:

·        Managed Services

·        Consulting & Solutions

·        Technology

To know more about Delta Capita and our culture click here: Working at DC - Delta Capita