Job Title: Associate

Department: Fixed Income Settlements - AMER

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.

Perform all daily settlement tasks. This includes, but is not limited to settlement of Fixed Income transactions settling through DTC and Euroclear, mark to markets, contract compare, end of day balancing and reconciliations

Position Purpose

Primary responsibilities of the team includes:

Ensure timely settlement of DTCC transactions
Ensure timely settlement of Euroclear transactions Daily monitoring and resolution of Loanet contract compare breaks
Process Loanet same day trade closeouts
Monitor / resolve breaks, dks, and nostro rec items
Settlement / resolution of DTC coupon & redemption items




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

Key Responsibilities:

Responsible for the FI settlement , 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 investigating and, where possible, rectifying all depot breaks on a timely basis report

📌 Associate - Fixed Income Settlements- US Shift (Bengaluru)
🏢 BNP Paribas
📍 Bengaluru