Analyst - Settlement Operations (Philippines)

The role of the Senior Operations Analyst is to ensure the timely and accurate settlements of cash flows of Interest Rates, Credit and FX Option Derivative trades on behalf of the client. This involves both individually conducting pre-settlements check and affirmation of cashflows with counterparties, identifying and resolving any issues that may prevent timely settlement, as well as monitoring that the team is performing the same.

The role of the Settlements Service Analyst is to ensure the timely and accurate settlements of cash flows of Interest Rates, Credit and FX Option Derivative trades on behalf of the client. This involves conducting pre-settlements check and affirmation of cashflows with counterparties, identifying and resolving any issues that may prevent timely settlement.  The role reports into the Settlements or Post-settlements manager, with oversight responsibilities shared by the supervisor.

The Settlements function serves as a layer of control where booking issues such as incorrect economics (i.e., wrong direction, currency, index, notional, counterparty, etc.) are detected, escalated and resolved. The Analyst is expected to ensure the timely affirmation of cashflows with counterparties and performing all pre-settlements checks, settlement of cashflows and timely escalation of issues and discrepancies.

The role also encompasses Investigations function that requires timely follow up on failed settlements, reconciliations and investigations of Nostro and Suspense breaks stemming from systemic or economic issues, fully observing the procedures and policies of the function. Engaging with internal and external stakeholders in a timely manner and responding to queries/swift messages following SLAs, with consideration of urgency and importance.

Business, Management, Finance and Accounting graduate or equivalent preferred.

•          Microsoft Office (Excel, Word etc)

•          Financial market - general principles and products of the markets

•          Derivatives Products

•          Trade Life Cycle functions and responsibilities - FO, MO, TMG, Confirmations, Reconciliations, Cash Management

•          Standard Settlements Instruction

•          ISDA definitions and market standards related to settlements

•          Swift messages, especially MT101, MT199, MT202, MT202COV, MT299, MT103

•          Business writing and communication

•          Customer service skills

•          Knowledge in VBA

•          Practices curiosity by questioning effectiveness of the process and exploring innovative solutions

•          Connects to colleagues and stakeholders to support broader initiatives of the business unit

•          At least 18 months and in Good/Performing status in their current function

•          Able to function in high pressure operations environment

•          Able to work in a flexible working environment

•          Ability to maintain focus while working within a dynamic, high-volume environment

•          Prior Calypso/Summit and other settlements and clearing platform knowledge is beneficial

•          Knowledge and experience in Settlements and Investigations functions are preferred

Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire.

This is a permanent, full-time position located in Philippines with hybrid working. As the selection and interview process is ongoing, please submit your application in English as soon as possible, if your profile is selected, a member of our team will contact you within 4 weeks.

Delta Capita Group (a member of the Prytek Group) is a global managed services, consulting and solutions provider with a unique combination of experience in Financial Services and technology innovation capability. Our mission is to reinvent the financial services value chain providing technology based mutualized services for financial institutions for non-differentiating services.

·        Managed Services

·        Consulting & Solutions

·        Technology

To know more about Delta Capita and our culture click here: Working at DC - Delta Capita