Department
: Markets Operations - Securities settlements
About Business Line/Function
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, PNS..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.
Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.
Position Purpose
Primary responsibilities of the team include:
- Settlement of Security transactions and associated products in a timely and cost-effective manner
- Timely resolution of nostro and depot breaks
- Mitigation of operational and reputational risk by escalating in a timely and productive manner
- Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
Responsibilities
Direct Responsibilities
- Responsible for the settlement of Security transactions & associated products booked in on a timely and cost effective basis by:
- Ensuring all trades are instructed, matched & settled on a timely basis
- Monitoring of failing trades
- Reducing fails and/or potential fails by means of pairing off or partialing down deliveries
- Minimizing fails by means of partial deliveries where possible
- Pre-matching trades on a daily basis
- Cash Management related with funding trades
- Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
- By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
- By passing entries to the systems to clean up outstanding items on a timely basis
- By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
- By invest