Operations & Settlement Role - Back Office - Institutional Equities

Back Office - Operations & Settlement

- Operations & Settlement of Cash Equities for India Market. The candidate should be handling Trade Settlement, Accounting, Reconciliation, Front Office support and local and foreign Client Interactions for India Market (teams supported will be Cash equity, F&O operations etc).

- Experience on the institutional side of business and hands-on knowledge on settlements of Cash Equities and F&O on BSE & NSE.

- Knowledge of complete account opening process - specially KYC documentation for institutional and non - institutional (high networth) clients

- Contracting and sending Trade Confirmation / Contract notes and EOD files to custodians/clients

- Exchange reporting- NSE-OTR, BSE- 6A7A, UCC, code change, block bulk, enhanced reporting etc.

- Pre settlement Matching and follow-up with Local Custody and clients to ensure confirmation of trades through the Clearing House

- Pay in and payout of funds and stock to the Exchanges, custodians and clients.

- Receipt/Payment entries for Margins, Brokerage and statutory charges.

- Reconciliation of upfront margins received from clients and those levied by the exchange

- MIS reporting

- Updating various masters (scrip, client, brokerage, etc.) in system

- Managing regulatory trade reporting obligations if any.

- Risk Management - Limit and Margin monitoring and enhancing control procedures within the team

- Handling Client, Audit and Exchange Queries if any.

- Analyzing regulatory changes and implementing the same with help of technology and other support groups.

- Process automations and system development as and when identified or required.

- The role involves a high degree of interaction with the business as well as other members of the support team and the technology project teams.

- Liaising with colleagues and other teams within the technology group to resolve issues and drive system enhancements.