Team Manager Operations - Investment Operations - Associate
Deutsche Bank
Operations
Bengaluru, Karnataka, India
Posted on Oct 18, 2024
Job Description:
Job Title: Operations Analyst
Corporate Title: Associate
Location: Bangalore, India
Role Description
Securities Lending & Collateral Management Operator
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
Security Lending CONTRACT COMPARE & BILLING
- Daily compare and reconciliation of Contracts with various brokers.
- Working on various Financial Products for Securities Lending
- Liaising with clients/ prime brokers for any issue with Contract Reconciliation.
- Liaising with Trading Desk and resolving Complex Reconciliation breaks.
- Reconciliation and validation of billing invoices.
- Ensuring high value breaks are resolved on time to avoid risk
- Claiming funds on receipt from broker.
- Control check while releasing payment to avoid incorrect amount being to paid to client.
- Billing on Equities & Bonds.
- MIS Reporting to senior Management on weekly basis FIXED INCOME SETTLEMENTS Broker Pre – Matching &Settlements:
- Teams work profile involved Pre- matching of Bonds trades stock trades
- Interacting with various counterparties in case of mismatches.
- Interacting with various onshore teams, middle offices and Traders for the same.
- Interaction with other settlements teams.
- Escalation of discrepancies to various desks & Front Office for timely settlements there-by avoiding fails.
- Ensure all breaks are narrated well and supported with mails or documents for proper Audit
RISK ANALYSIS (STOCK & CASH)
Contract Compare
- Trade comparison of various clients and finding breaks and analysis on the various risk factors pertaining to each break.
- Fixing issues pertaining to various vendor platforms for reconciliation (Pirum&Equilend)
- Reconciling breaks manually with counterparties who are not present on vendor platforms.
- Liaising with trade desk for various types of breaks
- Chasing counterparty, settlements, corporate action team for any aged breaks
- Analysis of Key Risk Indicators and root cause for trade failure & Managing Financial Risk post trade settlement
- Analyzing the risk and control factors of the process of trade
- Liaising with internal stakeholder for increasing controls to avoid risk for process
- Involving in audit query requirements
Projects:
- Onboarding counterparties in EquiLend platform to perform Contract Comparison & counterparties for Billing Comparison .
RETURNS & RECALLS – EQUITY & BONDS
- Dealing with loan returns and borrow returns for bonds & equities
- Booking recalls (borrow) as per request from counterparty
- Handling request from settlements team for any pending returns
- Amending trade date & value date for return trades as well as first leg trades upon approval of desk
- Following up with counterparty and settlements team for status of any aged/failing return.
- Involving in chasing required teams in pre-matching related activity in case of high value trades.
- Acting as a coordinator between settlements & counterparty for SSI setup and confirmation.
Monitoring all post trade recon control checks
- Contract compare process and assist the team in maintaining low risk profile and meet the KRIs
Perform functional/managerial oversight for the below tasks:
- SL account maintenance
- Trade amendments to avoid CSDR (Central Securities Depositories Regulation) penalties
- SFTR (Securities Financing Transaction Regulation) exceptions & configuration on vendors for new clients
- Recalls/Returns process across global markets to avoid buyins
- MTM process to avoid exposures & inaccurate projections
- Other controls/exception reports related to Trade Support functions
- All month end task prior to Billing Cycle to avoid any billing differences
- Conduct regular calls with Top Clients to address feedback & make the processes efficient
- Provide weekly updates to global stakeholders to give visibility on the team’s progress and key callouts
- Organizing knowledge series with the new team members to build depth
- Handling escalations related to internal/external stakeholders and manage expectations to minimize risk
- Regular SOP reviews ensure they are up to date and to meet the firm’s requirements
- Drive the team towards process efficiencies and commercial effectiveness
- Creating awareness amongst the team on the risk and impact of the different business strategies
- Influencing external clients to utilize vendor services to create process efficiencies
Your skills and experience
- Knowledge in Securities Lending & or Collateral Management 2 years for Analyst & Min 5 years of people management for Associate role
How we’ll support you
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
About us and our teams
Please visit our company website for further information: