Agency Securities Lending Operations

Job Description:

Job Title -Agency Securities Lending Operations

Location – India - Jaipur

Role Description:

The Operations Lead is typically responsible for the supervision and oversight of a team and/or of workflow and functions. The Lead may perform regular business activities but in the main has responsibilities for people management, workflow, training and performance of controls. This would include to a large degree oversight of performance to Key Performance, Risk Indicators and Service level agreements. They have expertise or deeper understanding of process, product and/or the business and play a key role in facilitating communication between functional teams, sharing knowledge and good practice. They lead and foster the team dynamic, often providing resource strategy input and focus on process and performance efficiency. They are responsible for analysis, change and continuous improvement as well as the first or second level escalation point for the team. The Operations Lead proactively identifies, escalates and takes steps to substantially mitigate risk issues within and outside of direct main business area and is also responsible for building, fostering and managing relationships with relevant stakeholders (internal and/or external) and in particular around the more time critical, complex or regulated tasks.

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under child care assistance benefit (gender neutral)
• Flexible working arrangements
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

· Functional:

· Assisting the team in decision making and taking complete ownership of the situation

· Daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties.

· Monitoring of same day equity trades ensuring settlement, Releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.

· Monitoring of aged equity trades to ensure settlement, amending trades as per desk requests,performing reconciliations tasks, processing of crest returns.

· Monitoring International trades settlement for New York Entity, settling cash on new loans for collateral team to cover exposures.

· Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only

· Agree and settle all deals booked by the Fixed Income trading desk. Also manages the funding generated by these deals. Reconciles the reference linking betweek Euroclear/Clearstream and RMW

· Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating betwen ASL clients

· Collateral management vs all TP NC deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release

· Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.

· Working on ASL projects & Initives. Producing Operational MI for client and cpty based processes. Trainer of staff for cross training and upskilling. Intergrating new regulatory requirements into the team

· Reconciling cash screen balances to ensure they reflect the correct trading balance and the current running balance at Euroclear Bank

· Daily checking of tri party and corporate action Euroclear accounts. To ensure Tri party accounts are funded correctly and to monitor large balances on the corporate action account.

· Checking of over 500k balances across all ASL accounts to ensure there are no unknown balances

· Daily CBL funding

· Calculating need for borrow at Euroclear, based on daily cash balances on ASL accounts. Ensuring borrow is executed and booked and eod funding performed.

· Monitoring the team performing the Calculation eod funding and,making payments.

· People /Process Management:
• Provide adequate information during system issues to IT and Global owner for resolution.
• Participate on the Issue related call and take decision or check out in system when IT makes changes
• Manage staff on a daily basis, distribute work, assign responsibilities, ensure appropriate staff motivation levels and continuous learning
• Keep all operational guidelines updated and ensure adherence to standards, procedures and also identify risk mitigations wherever there is a control issue
• Conduct regular operational performance reviews and participate in monthly self-assessments
• Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.
• Work closely with other internal teams on upcoming projects, assignments and initiatives
• Ensure performance of staff meet or exceed expectations
• Participate in cross process initiatives which are formulated to create or improve existing processes
• Cross train available resources to ensure 100% backup within the areas under control
• Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact on the business

Your skills and experience

The successful individual will have diverse experience of the financial sector in any of the following areas; Operations, risk/controls, quality assurance, compliance or audit and have experience managing deliverables & maintaining effective relationships with global senior management.

· Substantial and relevant experience in a global banking environment.

· Stock Lending, Collateral management or similar functions is preferred

· Experience in trade capture, settlements, and reconciliations across different products preferred as candidate will be required to know the full trade life cycle process

· Strong communication and interpersonal skills.

· Strong analytical and problem solving skills.

How we’ll support you
• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm