Department
Global Markets Operations – Securities settlements
Business Line / Function
Electronic equity – Security settlements
Reports To
(Direct)
NA
Grade
(if applicable)
Associate
(Functional)
Number Of Direct Reports
NA
Directorship / Registration
NA
About Business Line/Function
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 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 investigation of nostro and depot breaks
- Collectively working towards mitigation of operational and reputational risk by escalating in a timely and efficient manner
- Liaising with clients, brokers / counterparties, and other internal support functions for smooth settlement of trades
Responsibilities
- Contribute to the overall successful running of the settlement department:
- By maintaining close relationships with all stake holders & escalating problems to relevant teams promptly where & when required
- By maintaining valuable working relationships with domestic agents and custodians
- By communicating with, and assisting, other operational departments where needed
- Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
Direct Responsibilities
Key Responsibilities
- Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
- Ensuring all t