Assistant Vice President - Loan Settlements - Banking

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.