Job Title: OPS-BA / IWM

Job Code: 13916

Country: IN

City: Mumbai

Skill Category: Operations

Description

In IWM Process the main objective is to serve the wealth clients and manage/handle all the activities seamlessly that initiate post the client portfolio is opened in the IWM process. Security settlement of Fixed Income, Equity, Mutual funds, Corporate action events, Derivatives product settlement, asset/portfolio transfer are some of the key functions of the IWM process. The team interacts heavily with Middle office, Front Office, Relationship managers, Client Service officers, Sales, Credit, Treasury, regional stakeholders, Risk, agent banks and Information Technology. Responsibilities include Pre-matching of trades, Funding, Core settlements, Portfolio Transfer, Reconciliation, Fails Exception Management, Reporting MIS, etc.

Functional Overview

The Middle Office team supports the trade validation, trade placement (funds), trade reconciliation, inter system reconciliation, regulatory reporting checks and acts as trade support for queries from business.

Responsibilities

- Understanding of overall and specific risks within the process, controls available to mitigate such risks and open risks, in supporting the business.
- Document the open risks, assess magnitude and formulate actions. Ensure risks, controls, procedures and enhancements are documented / updated appropriately and sit within the remit of applicable policies.
- Encourage transparency within the onshore and offshore teams in highlighting and escalating gaps / issues / outliers.
- Able to provide the leadership to the team for trade validation on time and in line with the regulation by regulators and also for reconciliation process on a timely manner.
- Able to provide proper guidance to the team on required standard and ensure delivery of quality review without major defects.
- Continuously work with Dealing desk,



Business Management, Compliance, on making the trade validation process better.
- Identify system / process enhancement focusing on controls and efficiency and work with different stakeholders to implement.
- Face Internal external Auditors or regulators and have good understanding of process to provide process walkthrough and samples.
- Able to review existing process and come up with ideas for efficiency without compromising on control.

Stakeholder management

- Fact based and ability to understand the risk involved and highlights the same across levels.
- Detail-oriented in order to understand all requirements at one go
- Managing Business stakeholders - Ability to handle business supervision teams and Sales. Need to have good negotiation skills to plan the pipeline and negotiate the timeline.
- Able to handle any prioritization discussions, escalations and assign cases to the team based on capacity.
- Has experience in written and verbal communication with AML, Compliance, legal, Internal Audits

Requirements

- Min 10 to 15 years experience in Operations and or Middle office.
- Product knowledge: Equities, Bonds, Structured products (e.g. ELN, DCN), OTC derivatives (such as accumulators, decumulators, equities Options, CDS, IRS, CFC), FX spots, Stock Borrowing Lending and Mutual funds products.
- MAS and Transaction Reporting validation experience.
- Private banking experience preferred.
- Team player with good interpersonal and communication skills
- Comfortable with tight deadlines and pressure
- Inquisitive, proactive and able to work in fast paced environment.
- Track record of being involved in projects and change initiatives is added advantage.

Disclaimer : This job posting has been aggregated from external source. Role detailscontentand availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 OPS-BA / IWM (Mumbai)
🏢 Nomura
📍 Mumbai