Institutional Equity Settlements

Sydney

Ancillary Areas, Asset Management, Investment Banking, Wealth Management

Permanent

Our client is a Top Tier Investment Bank  seeking a senior equity settlements candidate to join their operations team. The team is responsible for the movement of securities and cash to settle trades with stock exchanges, brokers and clients.

Responsibilities:

• Ensuring that all operational risks are recognised and managed
• Developing and maintaining strong client relationships
• Making sure transactions are settled and recorded correctly
• Providing value-added support in new markets and new products
• Continually seeking opportunities for improvement and delivering innovative solutions
• Liaise with Local Agents to facilitate timely trade settlement, as required on a daily basis
• Liaise with Local Agents for ad hoc market settlement queries
• Liaise with Trade Support and Client Service groups for unmatched or failing trade resolution and ad hoc settlement queries
• Understand the rules and regulations of the Australian markets and work within risk parameters
• Clear stock and cash breaks between internal accounts vs. external custodian bank’s records, as required on a daily basis
• Clear internal reconciliation breaks for both stock and cash, as required on a daily basis
• Investigate daily pre-matching or failing trade issues and communicate to various business units
• Facilitate cross-border transfers of dual listed stocks
• Assist with Management reporting for settlement rates and aged items
• Identify and mitigate risk
• Escalation of high risk items as per firm standards
• Change / adapt process as required by market regulations or internal guidelines
• TD+2 matching and chasing of custodians
• Reconciliation of domestic stock positions – Settlement / Entrepot and Proprietary accounts
• Reconciliation of cash accounts including Trust accounts
• Instruct Custodians of cash and stock movements via SWIFT and GBST
• Monitor proprietary trading versus stock availability
• Co-ordinate FX payments
• Report distribution to Treasury and Stock Loan departments

Requirements:

• Minimum 4 years financial markets experience, ideally in an Equity Settlements or Operations role with a broker dealer
• Exposure to CHESS required
• Extremely accurate and reliable
• Self motivated
• Ability to analyse Settlements Risk and take appropriate action to escalate issues
• Ability to interact and communicate effectively with local custodians, internal business units and client service groups on market issues
• Able to work in a fluid team environment and within tight deadlines
• Able to work flexible hours
• Ability to work with colleagues in offshore locations, maintain communication and build rapport with these colleagues
• High level of attention to detail
• Ability to provide high levels of client service
• Ability to multi-task, prioritise and project manage daily workflow
• Ability to work through and close out problems
• Strong analytical and interpersonal skills
• Commitment, strong work ethic and significant leadership potential