Derivatives Settlements & Investigation Associate

Responsibilities

• To this end, the Settlements and Investigations Manager is expected to have these issues identified within the pre-settlement stage and to have the team asses the risk of all post value breaks within 24 hours of posting or inquiry and initiate appropriate steps to resolve them while fully observing the procedures and policies of the function.
• The Settlements and Investigations Manager is also expected to ensure escalation to senior management and the business is done timely, and corrective actions are taken.
• The role requires monitoring of all settlement queues of the team, ensuring pre and post settlement checks are performed such as affirmation of cash flows with counterparties, identifying and resolving any issues that may prevent timely settlement, investigation Nostro exceptions, and addressing root causes of breaks.
• Timely identifying and escalating of issues that may delay the settlement of cash flows and create exceptions.

Core Responsibilities

Ensuring the team affirms cash flows with counterparties, performs all pre-settlement checks (SSI’s, booking, etc.) and settles cashflows accurately Ensuring the team claims and investigates related breaks at day 1, prioritizing based on risk Monitoring of team performance aligned with the daily KPI’s around settlements and ensuring appropriate actions are undertaken if issues arise.

Addressing all requests received from our internal and external clients in a timely manner Adhering to all policies and procedures of the function, and updating them as needed Skills and Experience Required Knowledge Understanding of markets trade life cycles including bookings, validations, confirmations, settlements, reconciliation, etc General understanding of financial markets and the principles of derivative products of the financial markets Calculation/verification of derivative 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 Cash management and funding requirements Understanding of Nostro accounts Business writing and communication MS Office and especially Excel Experience At least 6 years in treasury operations and settlements experience preferred Payments and/or cash management experience preferred Prior supervisory experience preferred High pressure operations environment Ability to maintain focus while working within a dynamic, high-volume environment Prior Calypso/Summit knowledge beneficial Qualifications Business, Management, Finance and Accounting graduates or equivalent preferred 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 with hybrid working. 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. 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