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Operations Analyst - Settlements

  • Hybrid
    • Quezon City, National Capital Region, Philippines
  • Post Trade Services

Job description

Role: Operations Analyst - Settlements 

Location: Quezon City 

Employment Type: Permanent


Role Overview:

The role of the settlements operations analyst is to ensure the timely and accurate settlement of cash flows of interest rate derivatives (IRD), Credit Default Swap (CDS) and Total Return Swap (TRS) trades for our client. This involves conducting pre-settlement checks and affirmation of the cash flows with counterparties, with the intent to identify and resolve any issues that may prevent timely and accurate settlement.  

 

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 operations analyst is expected to ensure the timely settlement of the cash flow and at the same time identify these risks, fully observing the procedures and policies of the function.  

  

This role reports into the settlements manager, with supervisory responsibilities shared by the senior operations analysts.  

Job requirements

Core Responsibilities:


  • Affirming IRD cash flows with counterparties and performing all pre-settlement checks (SSI’s, booking, etc.), and settling cash flows accurately.
  • 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.
  • Supporting the control initiatives and programs of the Control, Compliance, and Management team. 
  • Some investigations work may be required


Skills and Experience Required

         

Knowledge 

  • Life cycle of interest rate derivatives – booking, resets, fixing advices, settlements.
  • Calculation/verification of interest cashflows.
  • Prior Swift messaging knowledge/understanding is beneficial (MT103, MT199, MT202, MT202COV, 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 beneficial.
  • Business writing and communication. 
  • MS Office suite, especially Excel.
  • Financial markets – general principles and products of the markets.

 

Experience 

  • Treasury operations, especially settlements.
  • Payments and/or cash management experience. 
  • Ability to maintain focus while working within a dynamic, high-volume environment
  • Prior Calypso/Summit knowledge beneficial


Qualifications 

  • Business, Management, Finance, Accounting graduates or equivalent.


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 Quezon City. 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. For this role a valid working permit for Philippines is mandatory.


Expectations regarding hybrid working: As we are a Service Provider and Consulting firm servicing clients, our policy for physically working from the office (which may be the clients' offices or our own offices depending on the client) aligns to what our clients' policies and expectations are and these vary. Most of our clients now require a minimum of 3 days per week in the office, 2 days from home, and accordingly this is also the minimum expectation that Delta Capita require.


Who We Are:

Delta Capita 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 mutualised 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

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