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Domestic Equity Settlements- Analyst / Associate Level

Written by Anton Murray Consulting on .

Location: Sydney

Salary description: AUD $65k - $85k base salary

  • $50-100k AUD Equivalent
  • Permanent
  • 3 to 7 years of experience

A leading global investment bank is looking for someone to join their Domestic Settlements team in Sydney.

The local Settlements team is responsible for the settlement of cash securities for equity products for the ASX and NZX, traded across on-shore and off-shore entities.

• Liaise with Local Agents to facilitate timely trade settlements, 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
• 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
• Escalation of high risk items as per firm standards
• Change / adapt process as required by market regulations or internal guidelines
• TD+2 matching
• Reconciliation of domestic stock positions
• Reconciliation of cash accounts including Trust account
• Instruct Custodians of cash and stock movements via SWIFT

Our client is looking for high calibre people who possess the following competencies:
• Between 1-6 years’ experience years 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
• 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

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