Fixed Income Analyst II
- Apexon
- 2 - 4 years
- Hyderabad
- 11 days ago
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Job Description
FICC - FIS Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities,
and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
Your Impact
We promote continuous learning by way of cross training and business engagement across the stack of functions for the respective Fixed Income, Currency and Commodities (FICC) product class. Your role will involve active partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be encouraged to contribute ideas towards enhancement and streamlining the activities.
Our Impact
The FICC Operations team manages the Fixed Income Securities & Repurchase (Repo) Bookings & Settlements work-flow. The team is responsible for ensuring all Securities trades are confirmed in a timely manner and settled. Partnership with multiple groups are key to effective risk management teams ensure discrepancies are investigated and resolved by leveraging internal sales/ trading, technology, legal, middle office teams and external dealer / client back office contacts. The associate is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we expect our associates to think creatively and outside the box, as well as improving the daily processes taking ownership and managing the responsibility independently. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with clients, so communication will be a key asset.
Job Summary & Responsibilities
- Risk manage Bookings, Confirms and Settlements for bond transactions
- Pro-actively work with external clients and trading desks to ensure timely allocation and matching of trades in the market
- Partner with internal teams - Sales, Trading, Settlements, Credit, Technology and other operations teams to ensure timely confirmation and settlement of trades for good value date
- Ensure associated payments and cash movements on these trades are tracked and paid in good time as agreed contractually
- Accurate and timely settlement of Trades with adherence to the Market cut-offs & regulations
- Ensuring high risk trades are prioritized and escalated to desk and other internal and external stakeholders as needed and partials initiated to bring exposure on these trades down
- Maintain accurate and clean post settlement work-flows along with timely Client money discussions cashflow breaks, system breaks, fails etc.
- Resolution and escalation of all client disputes and queries
- Project and initiative management and participation within the team and across region
- Understand trader alert tool, break sheet reconciliation, COD/suspense break flows to understand front to back mapping across all functions and rightly ascertain risk on any open exception
- Design and initiate process improvements with thorough understanding of the teams' processes and controls
- Create Knowledge management plan for team member and review proficiency levels of testers on team on regular basis
- Ability to work under pressure, prioritize and meet deadlines, at the same time as risk mitigation
- Effective problem solving and critical-thinking skills
- Ability to use discretion and good judgment
- Excellent communication and interpersonal skills with a strong appreciation of client service.
Preferred Qualifications & Competencies
- Minimum 2-5 plus years of experience in Operations or related field Risk and Control focused
- Ability to deal with multiple complex issues at the same time while meeting client deadlines
- Strong attention to detail and focus on process improvement.
Job Classification
Industry: Investment Banking / Venture Capital / Private EquityFunctional Area / Department: BFSI, Investments & TradingRole Category: Investment Banking, Private Equity & VCRole: Investment Banking AnalystEmployement Type: Full timeContact Details:
Company: ApexonLocation(s): Hyderabad
Keyskills: Fixed Income Securities fixed income settlements Settlements
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