Senior Settlement Officer

Reports To: Vice President- Operations

Department: Operations

Key Responsibilities:

·        Set and update procedures and controls mechanisms to effectively and efficiently execute all tasks and correctly safeguard the organization operational risk.

·        Perform the day-to-day transaction processing activities including filing, pricing and valuation of quoted and un-quoted securities, benchmarks, indices and other assets reported daily, updating of respective positions and portfolios, allocation of trades and other transactions, and special events recording to ensure smooth and error free flow of operations.

·        Conduct the settlement of cash, securities (equities, bonds, skus, futures, forwards, options, private equities, funds etc.) traded by the company for itself or for funds, entities, and client portfolios managed by the company.

·        Liaise with reconciliation function in order to ensure that all trades are reconciled before the input goes to the financial ledger system in order to inform respective fund / portfolio manager of any missed trade for appropriate action.

·        Support the payments and settlements of payments with clearing companies and /or brokers for trades conducted by company.

·        Collect and record fees recoverable from portfolios managed by company and interest due to / from clients as per respective contracts to ensure alignment with company rules, regulations, and contractual obligations.

·        Coordinate with reporting, corporate finance & CRD teams to issue notices for clients for capital calls, distributions, and rights issues.

·        Properly interact with reconciliation to resolve any un-reconciled trades/positions for registration of proper and correct information at all times.

·        Continuously interact and provide support to front office to ensure error free transactions and effective application of client instructions in a timely manner.