Role – OTC Brokerage
Level – SPE
Location – Pune / Bangalore/ Hyderabad
Shift – EMEA shifts
Work Mode – Hybrid
Brokerage Operations team provides back office operational support to investment management clients for Over the Counter Products by ensuring issues identified during trade reconciliation and brokerage calculation (using agreed broker rates) are investigated and resolved.
Overall, the department provides support to the client in managing their day to day brokerage operations across OTC products.
Activities to perform
- Ensure accurate management of daily reconciliations of brokerage trades and brokerage calculation with Hands-on experience in the process.
- Exception management, including timely escalation of discrepancies to appropriate stakeholders, follow up and ownership through to resolution
- Have required communication with Recon team for better understanding of their workflow and making reporting process more efficient
- Ensure all SLA/KPI as agreed with Client is met with 100% accuracy and timeliness
- Manage the broker relationships with timely responses to their queries and settling the outstanding brokerage within agreeable period
- All reports to be prepared accurately and submitted on time as per timelines agreed with client.
- All exceptions are tracked and escalated as per timelines agreed.
- EOD checklists are reviewed and saved on daily basis
- All reports (Daily, Weekly & Monthly) should be delivered on time with 100% adherence to SLAs & 100% Accuracy
- Ensure you are aware & trained on all activities/reports in the team with no dependency on Client and team.
- Zero escalations from brokers for inadequate response.
- Have regular interactions and review meetings with Client
- Assist TL/Management in any adhoc requests and support during their absence.
KNOWLEDGE/SKILL
- Experience in OTC Brokerage Reconciliation process.( Must have skill)
- Experience in manual brokerage calculation.(Must have skill).
- Strong knowledge of the OTC market, derivative products like (FX, Options, IRS, CCS, Repos, FXO, PMO{Precious metal options} PM {Precious metal} ) and operating conventions .
- Strong knowledge of the OTC market, derivative products and operating conventions
- Excellent MS Excel/Word skills
- Effective communication skills to manage broker/client
- Ability to work with team and demonstrate the positive influences among peers
- Proven ability to work effectively within strict deadlines
- Flexibility to work as per business requirements