Job Description

Title: Clearing and Settlement AnalystLocation: PuneNote:\xc2\xb7 Specific/ mandatory skills: Basic finance knowledge\xc2\xb7 Experience range: 2 to 4 years\xc2\xb7 Open to considering fresher candidates (Yes/No): No\xc2\xb7 Open to considering relocation/ non-local candidates (Yes/No): Yes\xc2\xb7 Contract duration: 8 months, may need to extend if project gets extended.\xc2\xb7 Shift timings: EMEA\xc2\xb7 Number of days work from office: As per company requirement, currently 60% work from office but in training period need to work from office to expedite training.Role DescriptionThe process involves input, investigation, and correction where we have discrepancies related to accrual processing, Record Date balancing and Payments processing to institutional counterparties on traded stock positions, stock lending positions, and client positions over the EX and record date for Voluntary & Mandatory Corporate Actions.Your key responsibilities\xc2\xb7 Liaising between DBOI & onshore / nearshore partners\xc2\xb7 The candidate should also be able to handle huge volumes and escalate issues at the right time to the Team Manager / Onshore Clients\xc2\xb7 Process day to day activities within set benchmarks with minimal error. Activities may include\xc2\xb7 Reconciliation of trade positions / books for entitlements\xc2\xb7 Booking of new positions in various DB systems\xc2\xb7 Chasing counterparties on claims & initiating payments\xc2\xb7 Post pay date reconciliation & File Closure\xc2\xb7 Spend 50-60% of the time in actual transaction processing. To supervise day to day deliverables of the process/sub-process assigned. Will be the first escalation for exceptions & aged breaks.\xc2\xb7 Processing & supervising sub-processes and ensure accuracy as per the SLA / benchmarks.\xc2\xb7 Work allocation to PEs, received through system queues & E-mail requests\xc2\xb7 Candidate needs to ensure that the relevant controls are executed & be responsible for 4 eyes.\xc2\xb7 Ensure strict adherence to all internal and external process guidelines including compliance and legal so as to build robust control environment. Ensure there are no KPI miss, Breaches & Violation.\xc2\xb7 To keep Team Manager informed of the exceptional occurrences, to enable appropriate action and also responsible for managing the team in his/her absence.\xc2\xb7 Leave Management for entire Team\xc2\xb7 Candidate will be required to train this function to other acceptable candidates, so must possess training skills.Primary Working Relationships\xc2\xb7 Internal clients, Event Management, Client Services Group\xc2\xb7 Brokers/Clients and Custodians contact via Phone and or Email\xc2\xb7 Other internal teams onshore, near shore & offshore\xc2\xb7 Operations Control on break issues Bangalore/London/Franfurt/Jacksonville/PuneYour skills and experience\xc2\xb7 2 to 4 years experience in Investment Banking Operations / Custody Operations, corporate actions/income experience preferable\xc2\xb7 Strong Corporate Actions knowledge\xc2\xb7 Comfortable dealing with multiple stakeholders and complex situations.\xc2\xb7 Strong English written & verbal skills required.\xc2\xb7 Ability to converse clearly with internal and external staff via telephone and written communication\xc2\xb7 Proficient in Microsoft Office applications\xc2\xb7 Be willing to work in relevant geography business hours\xc2\xb7 Ready to travel as and when required\xc2\xb7 Be willing to work in shifts

Rangam Infotech