Primary functions and essential responsibilities

Perform reconciliation on par traded quantity, ensure trades are in line with counterparty
Timely crosschecking of trades with funding memos/Clear Par, booking trade fees as per funding memo, and settle with correct quantity
Keeping check on payout letters/distressed trades
Problem solving, keen eye to breaks for position and cash, reaching out agent bank or admin for recon breaks
Knowledge on the trade closure and settlement.
Experience in warehouse closings and portfolio redemption trade settlements.
Knowledge on loan restructure and corporate action events
Knowledge on Non Loan settlements – FX and Bonds.
Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy
Proactively research, resolve and prevent all settlement and corporate action cash and par breaks with custodian banks and third-party administrators
Handle settlement related audit request
Work with all internal and external stakeholders to improve and enhance settlement workflows
Prepare daily, weekly, monthly and quarterly KPIs reporting and PowerBi system knowledge is a strong plus.
Review daily recons between internal systems and third parties and resolve discrepancies, including MLR discrepancies
Efficient mailbox management skills to manage the workflow assignments.
Influencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are met
Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation
Participate in meetings representing Settlements group and participate in department initiatives such as system enhancements, off-hour testing and new business conversions as necessary.
People management skills with great influencing ability.

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 Cross trades Settlements.
Understanding of custodian bank/administrator’s and agent’s data
Strong knowledge of fixed income assets
Highly proficient in Microsoft Excel
Proficient in Microsoft Outlook, Clearpar, Wall Street Office-Admin, OMS and Geneva
Minimum 10-12 years of investment management operations experience with high emphasis on bank loan operations
Experience working with an outsource/offshore service provider
Experience in working on trade settlements per LMA and LSTA standards.
Any knowledge of Python, power bi or any other automation tool can be added advantage.

Reporting Relationships

Vice President, 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.

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