Job ID R.0061518 Primary location Bengaluru, Karnataka Date posted 08/11/2026 Worker type Regular Workplace flexibility Remote - Nationwide

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Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Position Summary

Under general supervision, responsible for the proper trade processing, clearance, and settlement of complex domestic and international securities transactions and derivative instruments executed in the Company's General Accounts, managed separate accounts, and proprietary funds. This role supports the complete trade lifecycle, including trade processing, settlement, security master maintenance, derivative support, exception management, and collaboration with traders, counterparties, custodians, and internal business partners to ensure timely and accurate settlement while minimizing operational risk.

What You Will Do

- Ensure internally executed trades flow properly from Front Office systems to the Accounting System.
- Confirm trades with counterparties using a variety of automated trading platforms.
- Notify custodian banks of pending trade settlements and ensure trades settle accurately and timely.
- Monitor failed trades and partner with counterparties and custodians to minimize settlement failures.




- Serve as the primary point of contact for settlement exception management, partnering with brokers, counterparties, custodians, trading desks, and internal business partners to research and resolve complex trade settlement issues while minimizing operational risk.
- Investigate and resolve discrepancies with brokers, custodians, sub-advisors, traders, and counterparties.
- Monitor daily settlement queues and prioritize high-risk or high-value transactions to reduce settlement risk.
- Investigate cash and position breaks resulting from settlement discrepancies and coordinate timely resolution.
- Perform manual trade entry for transactions that cannot be processed through automated interfaces while ensuring accuracy and timely settlement.
- Update factors and settle cash with brokers as needed on structured securities.
- Set up and maintain Security Master Files (SMF) within the accounting system using Bloomberg, IDC, and other approved data sources.
- Review Security Master File (SMF) setups within the OnBase system for accuracy and completeness.
- Utilize Bloomberg Terminal to research security reference data, corporate actions, pricing, identifiers (CUSIP, ISIN, SEDOL), settlement instructions, and other market information.
- Process and maintain security master data by validating reference information across Bloomberg, IDC, custodians, and internal systems.




- Set up derivative instruments within the accounting system based on trade blotters from external managers and instructions from internal traders.
- Support settlement of OTC derivative products including swaps, forwards, options, futures, and other complex instruments.
- Reconcile margin cash movements with counterparties and ensure all related fund transfers are completed accurately.
- Process swap payments for General Accounts by communicating and confirming payment details with counterparties.
- Fund new private placement transactions by coordinating with traders, Legal, counterparties, and custodians.
- Ensure all required approvals and documentation are obtained prior to funding transactions.
- Open recent global custody accounts for international portfolios, ensuring all required documentation is completed.
- Process sub-advised trades for complex portfolios, including dollar rolls and TBA transactions, utilizing automated trade load messages and vendor files whenever possible.
- Utilize DTCC CTM TradeSuite to monitor institutional trade matching, affirmations, and settlement status.
- Maintain and validate Standing Settlement Instructions (SSI) using DTCC ALERT and coordinate updates with counterparties and custodians.
- Research and resolve settlement issues by working directly with multiple global custodians, brokers, counterparties, portfolio managers, and trading desks.
- Ensure compliance with settlement deadlines, market conventions, and applicable regulatory requirements across domestic and global markets.
- Participate in testing, implementation, and enhancement of settlement systems, operational workflows, and process improvements.
- Identify opportunities to improve automation, increase operational effi

📌 Senior Administrator Settlements (Bengaluru)
🏢 Empower Annuity Insurance Company of America
📍 Bengaluru