End To End Security Settlement /Equity Settlements

Inspiration Manpower Consultancy Private Limited
Experience : 0 to 3 Years
Location : Mumbai
Posted on 19 Oct 20
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Job DescriptionLast Date 18 Dec 20

Client : TOP MNC Client
Job Location-Mumbai
Role : Lead Role Sr Manager / Associate Director
Qualification - Any Graduate
Experience - 15-25 yrs
Type of position- Permanent

Job Description

Head of Equity Settlements (Level 6)

Job Purpose


In this role, the role holder is ezpected to focus on developing and transformation the team with focus on few key aspects, including but not limited to 

The role holder will be responsible for Leading and day to day running of the Equity Settlements department covering a variety of financial products across European domestic markets Markets include UK Domestic (Crest),Italy, Spain, France, Greece and Belgium as well as emerging and Scandinavian markets It includes Agent clear, Euro Clear, Ex-Moves, UK Domestic, Market Portfolio Settlements, Emerging markets and Reconciliations

Data driven Organization : The role holder shall have a Data driven approach to review all the key Metrics produced, along with other senior management and use this information to predict trends and spikes in work volumes to plan the strategy and resourcing of their areas In addition the role holder will build strong cross departmental relationships and ensure all risk and control functions are adhered to

Efficiency & Innovation : The role holder shall be responsible for driving process improvements and synergies on an ongoing basis and will liaise with global and local change teams to drive efficiency and innovation for existing and new markets and will monitor trends to make the processing of business more scalable within their budgeted headcount The role holder will have accountability for elements of their budget and will work with the business to meet any budgetary or headcount challenges without degradation to service The role holder shall be responsible for improving the Straight Through Processing (STP) by working with the team leads to identify root causes for exceptionsnand driving out inefficiencies
Client at the Centre : The role holder shall have strong client focus and should be ablue to put customer satisfaction first He/She should have a track record of maintaining effective customer relations and service program through delivery of SLAs He/She should be an expert communicator with ability to influence large cross functional groups/forums as well external stakholders He/She would be expected to collaborate internally across the organization as well with client to deliver on Business objectives The role holder shall lead with innovation and data driven mindset

Essential Skills/ Basic Qualifications

Should have extensive experience in Capital markets especially leading front to back Securities settlements across Equity Markets at Scale
Should have led and managed Operations transformation projects and change at scale including RPA and data analytics etc and have good track record of driving productivity and efficiency
Should have led a minimum of 100+ members with global exposure in stakeholder management
Strong communication and negotiation skills

Technical Skills/CompetenciesProfessional/Technical Experience

The right candidate will be responsible for the day to day management of seven settlement teams covering a variety of Equities products across domestic European markets They will have a thorough understanding of securities settlement and up to date technical knowledge of various domestic markets settlement such as
Crest, Spain, Italy, Scandinavian and emerging markets like Russia etc
Buy-in regulations
Exchange deliveries
CASS/CMAR regulations and reporting
Exchange Futures deliveries
Corporate action trade
Expertise in dealing with transaction and position level Reconciliations
Knowledge of T2S and CSDR projects
In addition, they will be capable of working independently and innovatively, and have experience of running multiple teams in a high volume environment with multiple market deadlines Knowledge of Swift Alliance, Euclid and Intellimatch would be an advantage
Risk and Control Objective
Strong risk background /culture with ability to identify future risk
Detailed oriented in order to avoid, eliminate and mitigate risk
Experience of thorough contingency planning to ensure strong resiliency
Demonstrate thorough understanding of operartional front to back procedures that support IB Securties business as well securities product
Ability to define and implement excel risk metrics to ensure process is tracked and monitored successfully
Decision Making/ Problem Solving
Ability to understand and analyse complex problem and provide effective tactical and stratrgic solution
Excellent understanding of business strategy and apply this lens when making decision
Aptitude to operate at varying level of details ( strategic to close attention)
Roles and Responsibilities
Organization : Data Driven Efficient Team
Create a strong partnership model with the Bank & other key stakeholders to transform the organization from a Service Provider to a Partner to the Bank
Create a Data driven organization with strong governance Top down to review Business risk and drive the team towards efficiency & Innovation
A very strong understanding & vision on leveraging the power of Data to improve client satisfaction and the overall Settlement Rate
People: Highly Motivated & Energized Team
Overall responsible for a 100+ member team to ensure the Team is set up with the right pyramid, skillsets and diversity across Levels
Define key Objectives & KPIs for each of the Teams within the Equity Settlement group & provide the right guidance & leadership to enable the Teams to achieve these KPIs
Set-up objectives and review performance of all team members(Directly for L7 and L8, guidance for others)
Monitor Productivity for Level 7/8 and create a measurable action Plan
Plan & design resourcing strategy to manage work volumes, Support design of succession plans for key team members
Ensure adherence to all risk and control functions(QPM)
Process: Build Efficiency & Innovation
Run The Bank : Create an environment of very strong Governance with a clear direction of driving efficiency & managing client expectations & KPIs across various processes within Settlement Review the way processes are conducted to come up with a plan of making the organization profitable by driving standardization, industrialization and automation
Change the Bank : Create and manage a Change & Innovation Roadmap for the Equity Settlement Team Work very closely with Change the Bank Team and senior Bank stakeholders to drive efficiency within the group

Client: Customer at the Centre
Strong client focus , always put customer satisfaction first Track record of maintaining effective customer relations and service program through delivery of SLAs
Build a culture of proactively reporting the Good as well as Bad news to the client Help in moving the Equity Team from a reactive to a more Leading approach
Redesign the governance witin the Team to ensure all groups provide timely updates basis agreed cadence & KPI to the Bank stakeholders
Establish a cadence with client to focus on innovation & efficiency across Process & Organization; build a culture of ideation & efficiency
Initiate & maintain a cadence to focus on innovation & efficiency across Process & Organization(Ideation)
An expert communicator with ability to influence large cross functional groups/forums as well external stakholders

If Interested, Kindly Revert Back With The Following Details
  • Name of candidate
  • Father Name
  • DOB
  • Current Organization
  • Total Years of Exp
  • Relevant Years of Exp
  • Current Location
  • Preferred Location
  • Current Compensation
  • (Fixed + Variable Pay)
  • Expectations
  • Flexibility to work in shifts, including US Hours
  • Notice Period

Relevant Months of Exp at each Level
  • Non TL Role
  • TL Role
  • AM Role
  • OM Role
  • AVP Role
  • VP Role
  • End To End Security Settlement /Equity Settlements
  • Experience : 0 to 3
  • Job Type : Full Time
  • Interview Type : Face to Face Interview

Job Type : Full Time
Interview Type : Face to Face Interview
Company Description
Inspiration Manpower Consultancy Private Limited
Apply now
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