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Job Id: 657
Job Title: AVP FX / OTC Settlements
Industry: Investment Banking
Functional Area: Accounting / Finance / Tax / Audit / Company Secretary
Salary: 20 Lac - 22 Lac
Job Location: Mumbai
About the Client

Client is an Asia-based financial services group with an integrated global network spanning over 30 countries. It services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving
clients with creative solutions and considered thought leadership.

Job Description

Process Management: Assist VP in provide functional leadership to the OTC Settlements team
in Mumbai including manpower planning, service delivery, operational risk/ loss mitigation, and
ownership of all service delivery SLA’s. Act as the local subject matter expert on functional
aspects of the settlements process and be able to independently trouble shoot problems
encountered during the settlement cycle.
Process Improvements: Act as the change agent for processes owned in Mumbai and identify
and implement strategic improvements/enhancements to systems and processes which
ultimately drives material economic benefits to the firm and improves the control environment
within the settlements function.
People Management: Build, develop, and nurture the Mumbai settlements team into a best in
class settlements outfit across the street. Uphold the people management practices and
philosophies of the firm so that we retain our top talent and replace our non-performers.
Relationship Management: Build and maintain strong working relations with different on shore
and off shore teams (like Middle Office, Trading Desks, other Core Ops teams etc.). Also,
maintain good rapport with external market utilities like LCH, ICE CLEAR etc.
Product & Domain Knowledge: Participate and/or lead various strategic “Change the Bank”
(CTB) initiatives relating to OTC Settlements and build the functional skills of the team and self.
Continuously develop and keep abreast of latest developments with respect to OTC settlements
market wide initiatives, like client clearing, penalty regimes, affirmation and confirmation process.

Desired Candidate Profile

Qualification & Experience:
Graduate / MBA with 12+ years of experience, bulk of which should have been in managing similar
settlement functions within an Investment Bank

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