Verified Job
Accounting - Finance
Senior Officer Fixed Income Settlements
Accounting - Finance
#219911
Remote / WFH
Job Description
To assist section head in ensuring processing of all transaction with accuracy and timely manner.
• Ensure that all trade instructions (Primary/ Secondary market) received by the Bank are monitored and recorded in the system in line with the operating procedures.
• Any exceptions with respect to incomplete instruction viz. client signatures, trade details, cash limits etc have to be identified and due follow-up for resolution is done.
• FPl / Mutual Fund clients Investment / ETF investments in Indian Mutual Fund / Overseas Mutual Fund schemes and the tracking of receipt of statements redemption amounts on timely basis from the Fund House.
• Investments made by clients through AIF (Alternative Investment Funds)
• Investments / Repurchase made by clients through ETF (Exchange Traded Fund)
• New Folio creation.
• To revert to all the queries received from the client s/regulators.
• Complete Projects assigned by Line Manager within deadline
Strategy
• To successfully perform activities related to fixed Income and execution of client instructions and reporting to clients.
• To ensure to respond to all the queries received from the Client s/ Regulators.
• Analysing and raising system change request for new client requirements.
• Working on any special process improvements / adhoc projects assigned by Line Manager.
• Efficient management of the process improvements and project implementation.
Business
• Provides best in service to support to address client s queries and issues
• Ensures all the information transactions are processed as per the agreed deadline.
• Ensures all the instructions are processed well with in the market deadline.
• Ensures all the procedures laid down in the Departmental Operating Instructions and the Key Control Standards are adequately followed.
Processes
• Adhere to the market deadline of NDS for cash and t+n settlement of SGL trades. To adhere to the high value cash clearing and RTGS deadlines and the NDSL and CDSL deadlines for settlement of non-SGL trades.
• To adhere to the NSE / BSE deadlines for Intention & settlement of Corporate Bond trades.
• Ensure that the values of all SGL trades contracted by the client are reported to SCB Treasury within the agreed timeframes. Ensure that the CCIL margin requirement is validated and reported to SCB Treasury to account for the margin requirements for SGL trades. Ensures that proper funds approvals are in place before executing the deal. Also report all RTGS transaction details to General Banking.
• Ensure that the inter-scheme instructions received from clients are recorded and settled as per the laid down procedures. Ensure that all system updates are completed in a timely fashion to enable timely settlement of such trades.
• Ensure that client settlement advises for the respective clients are sent as per agreed client requirements. SWIFT advises sent to client carry the appropriate references and details as per the actual trade settled in the market.
• Keep the immediate Manager advised of the regular operations as well as report extraordinary occurrences so as to enable taking of appropriate action.
People and Talent
• Cross Training in activities of other sub sections of the Fixed Income & Mutual Fund team.
Risk Management
• To process and ensure that all fixed income and mutual fund transactions contracted by the clients of the Bank are processed and settled in line with the laid down procedures in the DOI.
• Assist Line Manager in handling processing exceptions of the unit in controlled manner to ensure efficient functioning of the Unit.
• Assisting in units audit by co-ordinating
• Ensure that all trade instructions (Primary/ Secondary market) received by the Bank are monitored and recorded in the system in line with the operating procedures.
• Any exceptions with respect to incomplete instruction viz. client signatures, trade details, cash limits etc have to be identified and due follow-up for resolution is done.
• FPl / Mutual Fund clients Investment / ETF investments in Indian Mutual Fund / Overseas Mutual Fund schemes and the tracking of receipt of statements redemption amounts on timely basis from the Fund House.
• Investments made by clients through AIF (Alternative Investment Funds)
• Investments / Repurchase made by clients through ETF (Exchange Traded Fund)
• New Folio creation.
• To revert to all the queries received from the client s/regulators.
• Complete Projects assigned by Line Manager within deadline
Strategy
• To successfully perform activities related to fixed Income and execution of client instructions and reporting to clients.
• To ensure to respond to all the queries received from the Client s/ Regulators.
• Analysing and raising system change request for new client requirements.
• Working on any special process improvements / adhoc projects assigned by Line Manager.
• Efficient management of the process improvements and project implementation.
Business
• Provides best in service to support to address client s queries and issues
• Ensures all the information transactions are processed as per the agreed deadline.
• Ensures all the instructions are processed well with in the market deadline.
• Ensures all the procedures laid down in the Departmental Operating Instructions and the Key Control Standards are adequately followed.
Processes
• Adhere to the market deadline of NDS for cash and t+n settlement of SGL trades. To adhere to the high value cash clearing and RTGS deadlines and the NDSL and CDSL deadlines for settlement of non-SGL trades.
• To adhere to the NSE / BSE deadlines for Intention & settlement of Corporate Bond trades.
• Ensure that the values of all SGL trades contracted by the client are reported to SCB Treasury within the agreed timeframes. Ensure that the CCIL margin requirement is validated and reported to SCB Treasury to account for the margin requirements for SGL trades. Ensures that proper funds approvals are in place before executing the deal. Also report all RTGS transaction details to General Banking.
• Ensure that the inter-scheme instructions received from clients are recorded and settled as per the laid down procedures. Ensure that all system updates are completed in a timely fashion to enable timely settlement of such trades.
• Ensure that client settlement advises for the respective clients are sent as per agreed client requirements. SWIFT advises sent to client carry the appropriate references and details as per the actual trade settled in the market.
• Keep the immediate Manager advised of the regular operations as well as report extraordinary occurrences so as to enable taking of appropriate action.
People and Talent
• Cross Training in activities of other sub sections of the Fixed Income & Mutual Fund team.
Risk Management
• To process and ensure that all fixed income and mutual fund transactions contracted by the clients of the Bank are processed and settled in line with the laid down procedures in the DOI.
• Assist Line Manager in handling processing exceptions of the unit in controlled manner to ensure efficient functioning of the Unit.
• Assisting in units audit by co-ordinating
