Analyst - Settlement Operations (Philippines)

Role Overview

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.

Role Overview

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.

Core Responsibilities

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.