Director, Security Settlements (Bangalore)

The Mumbai Security Settlements team is hiring for a Director position. The Security Settlements team is responsible for ensuring the firms Fixed Income and Equity security transactions successfully settle on contractual settlement date and in accordance with trade details as booked in the firm’s system. Further, the team is responsible for ensuring the books and records for the firm agree with the external banks and depository’s records. Primary Responsibilities: The team has diverse responsibilities, including but not limited to: – Settlements specialist and manages the settlement process for global markets. – Partner with the various Operations teams, Business Units and Agent Banks, in order to maximize trade settlement whilst minimizing financial, franchise and regulatory risk to the Firm and Firm Clients. – Develop, supervise and report the teams key risk & performance indicators on a periodic basis. – Point of escalation for the function and supports team on issue resolution. – Partner closely with Business Units in enhancing our client service levels and support for new business development. Identifies and develops value added solutions that support clients’ needs. – Effectively manage the divisions control environment by balancing risk with commercial opportunities. – Provides management oversight and review of regulatory reporting functions. – Drive review of the controls and processes in order to reduce operational and client risk. – Identify opportunities to improve operational efficiency and strive for delivery of commercial initiatives. – Work with global counterparts in running the strategic agenda for Security Settlements. – People management and responsible for career development of staff reporting into them. – Work with global counterparts in running the strategic agenda for the Security Settlements.