Brokerage (Analyst, Senior Analyst)
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About the Role: -
This Job requires key attention to detail, good understanding of Listed Derivatives Brokerage Settlement concepts like Futures & Options products traded in Global Exchanges, Give-Ups, Clients vs in-House Business, FIA Rankings, eRecs, GPS, Nostro breaks Management, Balance Sheet Substantiation, Financial Reporting, Aged Brokerage Management, Broker & Stakeholder Relationships, Breaks resolution in timely manner, etc. It also involves good understanding & robust execution of Brokerage Settlement with tools like eRecs, Atlantis, FIS Brokerage Manager and MS-Office suite
About the team
The Brokerage team is responsible for brokerage receivable and payable for the execution and clearing of Listed Derivatives.
From a BAU perspective, pre-settlement duties entail sending invoices, reconciling all received invoices and resolving rate and trade validity disputes, physical settlement of agreed amounts, nostro break management, and management of all output from electronic settlement platforms. Post-settlement, the team reconciles all excess accruals and presents to the business for follow-up actions.
From a project perspective, the team engages in various tactical and strategic process improvements and system architecture changes. The team also handles one-off requests for information from the business and co-ordinates any accrual setup changes requested by the business.
What you will be doing
Complete brokerage BAU responsibilities in a timely and accurate manner
Ensure team’s monthly brokerage cycle tasks are completed within the internal and market timelines Invoices
Finance reports
Management reports
Deliver on monthly SLA targets, striving to exceed where possible Analyze outstanding brokerage ageing profile and identify short/medium term targets to ensure adherence to SLAs
Plan resource allocation across teams to execute targets and monitor capacity/utilization to ensure feasibility of plan execution
Escalate and propose solutions regarding short and long term capacity concerns to FIS managers
Work with utility management and other stakeholders to ensure that SLA breaches are closed out in a timely fashion
Timely escalation of potential problem brokers to management
Change management Proactively identify areas for performance and control improvements
Constantly analyze productivity/output to identify potential enhancements or cost savings
Articulate business cases to management/change/IT to execute and deliver on suggested improvements
Guide/encourage team to propose solutions and take ownership of changes
Provide excellent client service Build strong relationships with all stakeholders (retained team/management/business)
Co-ordinate timely response and resolution of all queries
Ensure accuracy and clarity in all deliverables to stakeholders
Provide constant feedback to stakeholders to improve our service offering
Provide an effective link between industry platform providers and the participant firm in terms of knowledge transfer and decision making
Risk management Monitor controls and checks associated with tasks in SOPs
Constantly analyze all activities to close potential risk gaps and implement preventative, and if not, then detective controls
Ensure timely escalation in event of a risk incident
Business/Industry landscape awareness Keep abreast of all industry changes/advancements especially with regards to the development of industry tools and regulations
Awareness and communication of impact to utility management – generate action plans to develop positive outcomes/mitigate negative outcomes from changes
Understand business risks/impact and escalate to…