Senior Manager/AVP - Clearance & Settlement Team

Sr. Manager / AVP - Clearance & Settlement Team

We are the manpower consultancy specialized in recruiting good quality people across all sectors.

Presently we are working on one of our client which is the topmost leading organisation in Financial Sector.

We are looking forward for a suitable candidate for the below mentioned position

Position : Sr. Manager / AVP - Clearance and Settlement Team.

Job Summary :

Supervisory :

- Should be a Team Player

- Should supervise the activities of Membership & C&S

- Able to handle and resolve member grievances

- Able to manage and solve live issues in systems with the help of IT Team

- Ensure set processes are followed and deviations if any has to be reported to HOD immediately

- Should thrive for continuous innovative solutions for process and efficiency improvement

- Preparation and Updating of SOP (Process) documents.

- Identifying, investigating and resolving errors or discrepancies promptly.

- Ensuring that all the process and operational activities are in compliance with legal requirements, industry regulations, organizational policies and professional codes.

- Monitor Checklist on daily basis and escalate exceptions to the senior management on timely basis.

- Reconcile margin computation for all members to ensure that the risk management framework of Exchange is followed at all times.

- Responsible for preparing agenda for Risk Management Committee meeting, Board meeting.

- Responsible for handling queries of auditors related to Internal Audit, External Audit and Regulatory audit.

New Developments :

- Prepare Test cases for new developments for testing

- Should be able to do UAT

Clearing & Settlement :

- Initiating and coordinating Opening of Settlement Account with one of the designated Clearing Banks

- Follow-up for pay-in obligation and trade margin with members and/or clearing banks

- Run the pay-in pay-out process

- Generate and send Bank Transactions file to Accounts Team

- Processing margin release requests of members

- Tracking of non cash collaterals and timely follow-up for renewal and send letters to member and/or BD Team

- Invocation of Collateral's in case of failures to pay towards settlement.

- MIS Reporting

- Send C&S reports to members and/or BD Team

- Verification of Account balances with the Clearing banks and with the accounts team for daily reconciliation.

- Reconciliation of pay-in obligation, of all Pay-in and payout settlements viz a viz trade obligation and margin blocking and transactions generated at C&S.

- Maintaining member wise IFSD balances and reconciliation with the respective banks and the accounts team.

- Filing of respective documents

- Monitoring of Margin blocking correctness in the system.

- Examine utilization of margins of members, analyse member risks and make margin calls to ensure adequate collateral for members at all times.

Membership :

Processing Membership & Client Application Form :

- Scrutinize application form and documents therewith.

- Data entry of the applicant in CRM (Powered by Tally).

- Filing of documents in designate file.

- Follow-up with Business development team and applicant &/or members for pending documents & Fees.

- Update applicants and/or members and business development team about membership status.

- Updating respective policy changes or deviations wrt membership.

Committee Meetings :

- Coordinate with respective personals for arrangement of any committee meeting as per checklist

- Follow-up with respective members to schedule meeting.

- Prepare Agenda and Minutes of the Meeting.

Data Management :

- Entry of data in respective masters

- Filing of the membership and client application forms and documents received

- Updating file masters

- Periodic check of files

- Expertise in MS-Office (Vlook-up, Comparing two excel sheets, preparing macros in Excel for reconciliation, Mail merge etc)

MIS :

- Preparing and sending daily MIS of Membership and C&S to concerned authorities

Account Activation :

- Welcome Kit- Letter informing activation, Operating procedure for members shall be posted to the member.

- Details would be sent to IT team for setting up the hardware and software and getting the schedule from them.

- Tracking, scrutiny, Fee collection, taking approval of Membership application and Updating records in excel

- Intimation to Accounts team for collections of fees and deposits and issue invoice & receipt &/or Inter Office Memo.

Candidate Profile :

Qualification Graduate/ Post Graduate :

- Previous Experience Supervisory Experience of 6 to 8 years in Back office of Stock Broker, Banks, Financial Institution.

Personal Attributes :

- Acumen to process data and prepare reports

- Strong Initiative

- strong problem solving skills, an analytical mindset, good communication skills

- Knowledge of the Trading processes

Other Job Requirements :

Shirin

8108810652