Associate Level 1- APAC CASH PB Reconciliation

Job Description

Primary responsibilities of the team is:
1. To perform trade validation for all daily Cash Equities booking and facilitate the downstream feeding for Settlement
2. To perform as an independent control team to strengthen all the control within Global Market Operations
3. To monitor HK traders short sell position and highlight positions accurately to ensure its funded in timely manner to avoid financial losses
4. Perform Control reports and activities identifying trading violations on restricted currencies and Technical counterparties activities
5. To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.
The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.Main drivers are client service quality, independent control, operational risk safety and cost efficiency. Responsibilities Direct Responsibilities Position guarantee Has the responsibility make sure positions are in line & guarantee that positions in booking systems are correct.Is the reference for position validation for P&L, Process & IT teams for migrations or rebooking & at any time for trade support, front office, & back officeTeam is in charge of position controls & uses all the reconciliations tools available.The reconciliation is exhaustive & done on a daily basis.Assigned reports must be checked & analyzed every day. ROLES AND RESPONSABILITIES Accountable for end-to-end transaction management lifecycle for their respective client coverage.Trade capture, settlement exceptions and cash management.Collaborate with various internal teams, such as trade processing, pre-matching, settlement and margin to process transactions and resolve any exceptions on a timely manner.Respond and resolve client inquiries on a timely manner.Perform root cause analysis for respective clients in order to increase straight through process flows.Establish and maintain relationships with high profile hedge fund clients.Work as part of the global team performing follow the sun hand offs to ensure a smooth global coverage for global clients.Partner with account management teams to help on changing client behaviours where required to smother processes.Collaborate with technology/support team to help identify internal and external facing technology improvement opportunities.Deep understanding of UK client asset protection (CASS) and AMF custody rules (derived from MiFID).Contribute in all control plan protocols according to the local operational risk policies.The resource will be allocated to one of the areas of operation, high-level described below, although to be cross-trained end-to-end at one point of his/her mandate. Break Analysis Associate 1 is responsible for Making sure completion of assigned tasks of breaks, Communicating the breaks as soon as possible to the related teams (trade support, FO, BO) for action/correctionProviding a complete, detailed & pertinent analysis to let the trade support immediately do the appropriate action/correction. Trade Validation : Listed Securities & OTC Vanillas Listed Securities Monitoring & management of the task assigned in FO to BO trades for Asian listed stocks, warrants & bondsReducing lead time & improve the responsiveness for break analysis & the related actions with Trading /other FOS teamsShould be single point of contact for task assigned with regards to Operational breaks & position controls Tasks embedded to fulfill those objectives Broker Confirmations checking within the dayTrade reconciliation in Fire & Calypso on T / Report & fix breaks with Trading & FOS teamsValidation of Fire reconciliation & Feeding into Calypso - Exceptions managementPerform Breaks Validation in Intellimatch// Analysis & follow up. OTC Vanillas Checking all OTC vanilla options trades are integrated in FO systems & validate on TEnsuring all SWS trades are booked in FO system & are consistent Reconciliations Improvements Is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.Making the reconciliation tools evolve to fulfill with production needs --> new systems, new products, and specific request from trade support.Extending the global area of reconciliations in order to reduce operational risk where applicable.Implementing/enhancing reconciliation tools to fit with trade support needs. Transversal involvement Is in charge of all reconciliation assigned & is indeed involved in the process Ensure all the STP process in place are performed efficiently & effectively in a timely manner.Take Initiatives, communicate with BO & other PCA sites on the enhancement & development of new products STP processCompletion of ORUS on Daily basis Technical & Behavioral Competencies Technical Knowledge
• Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.
Skills and competencies
• Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
• Organized & good resistance to stress: Excellent time management and good positive resistance to stress are compulsory.
• Attention to detail: Escalate in timely manner, highlight any abnormalities
• Innovation and initiatives (Think outside the box ): Demonstrate willingness to constantly improve the status quo. Understand well the processes & suggest innovative ideas.
• Self discipline & autonomy: Have a constant delivery on time mindset, on the daily production.
• Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage ) as this is a constant changing environment
• Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
• Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.
Specific Qualifications (if required)
• Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
• Strong Equity derivatives products knowledge including the F2B workflows and the product event management.
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Keyskills :
root cause analysissecuritiesbankingmarketingaccountancy