Equity Derivative Settlement - Assistant Manager

The role of the Assistant Manager (AM) is to ensure the timely and accurate settlement of cashflows of Equity Derivatives trades on behalf of our client. This involves both individually conducting pre-settlement checks and affirmation of the cashflows with counterparties, identifying and resolving any issues that may prevent timely and settlement, as well as monitoring that the team is performing the same. 
 

The settlements function 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 senior operations analyst is expected to ensure the timely settlement of the cashflow and at the same time identify these risks, fully observing the procedures and policies of the function, both as an individual allocated specific work and as a supervisor of the activities of the team. 

The AM is a subject matter expert, serving as a referral and escalation point for the team, as well as performing some control functions such as approving journals and payments, monitoring settlement and payment task stations, and supporting the manager in ensuring the function executes its mandate. 

This role reports to the settlements manager, and the AM will be tasked with some supervisory duties by subject matter experts. 

Core Responsibilities:

· Affirming EQD cashflows with counterparties and performing all pre-settlement checks (SSI’s, booking, etc.) and settling cashflows accurately.

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

· Timely identification and escalation 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.

· Some investigations tasks may be required

Skills and Experience Required

Knowledge 

· Life cycle of interest rate derivatives – booking, resets, fixing advice, settlements, 

· Calculation/verification of interest 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.

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. 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.

Who We Are:

Delta Capita Group (a member of the Prytek Group) is a global managed services, consulting and solutions provider with a unique combination of experience in Financial Services and technology innovation capability. Our mission is to reinvent the financial services value chain providing technology based mutualized services for financial institutions for non-differentiating services.

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

Delta Capita India is a Great Place to Work Certified Organization. Please refer to DC GPTW