Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) 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 includes:
Settlement of Repo/Bonds 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 effective manner
Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades Responsibilities
Direct Responsibilities
Responsible for the settlement of Repo and Bonds transactions & associated products booked in Calypso, 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 in 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 Calypso 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