Derivatives Settlements & Investigation Associate

Role Overview

The Settlements and Investigations Manager is responsible and accountable for the Settlements and Investigations functions, ensuring timely and accurate settlement of cash flows and resolution of post settlement breaks of Derivatives trades on behalf of our client.

The Settlements and Investigations functions also serves as a layer of control where booking issues such as incorrect economics are detected, escalated, and resolved. The role requires monitoring of all settlement queues of the team, ensuring pre and post settlement checks are performed, identifying and resolving issues that may prevent timely settlement, investigating Nostro exceptions, and addressing root causes of breaks.

As a people manager, the incumbent should demonstrate strong inclination for developing others and exhibiting a growth mindset while managing today's business and influencing the team's future direction.

Core Responsibilities:

• Ensuring the team affirms cash flows with counterparties, performs all pre-settlement checks and settles cashflows accurately.
• Ensuring the team claims and investigates related breaks at day 1, prioritizing based on risk.
• Monitoring team performance aligned with daily KPIs around settlements and ensuring appropriate actions are undertaken if issues arise.
• Timely identifying and escalating issues that may delay the settlement of cash flows and create exceptions.
• Addressing all requests received from internal and external clients in a timely manner.
• Adhering to all policies and procedures of the function, and updating them as needed.

Skills and Experience Required:

Knowledge

• Understanding of market trade life cycles including bookings, validations, confirmations, settlements, and reconciliation.
• General understanding of financial markets and derivative products.
• Calculation and verification of derivative cashflows.
• Understanding of operational control environments.
• Prior SWIFT messaging knowledge is beneficial (MT103, MT199, MT202, MT202COV and MT299).
• Standard settlement instructions.
• Currency cut-offs and regulations.
• Interpretation of confirmation documents, electronic and paper.
• Familiarity with ISDA definitions and market standards related to settlements.
• Cash management and funding requirements.
• Understanding of Nostro accounts.
• Business writing and communication.
• MS Office, especially Excel.

Experience

• At least 6 years in treasury operations and settlements experience preferred.
• Payments and/or cash management experience preferred.
• Prior supervisory experience preferred.
• High pressure operations environment.
• Ability to maintain focus within a dynamic, high-volume environment.
• Prior Calypso/Summit knowledge beneficial.

Qualifications

• Business, Management, Finance and Accounting graduates or equivalent preferred.

How We Work:

Delta Capita is an equal opportunity employer. This is a permanent, full-time position located in Bangalore with hybrid working. The selection and interview process is ongoing, and a member of the team will contact selected candidates within 4 weeks.