Senior Analyst - Settlement

 Chennai, India       Permanent contract        Banking Operations

Responsibilities

Purpose of the Role

The role incumbent Team Leader working in the settlement area, with the focus being error free processing of settlements - Working in a client centric environment, the emphasis is on total quality end to end processing.

Responsibilities in the Role

Mission:
Supervise settlement team/processes in the scope.

·         Supervision of team to ensure all transactions are processed including manually settlement and confirmations as per the currency cutoffs and client requirements

·         Working closely with the team in shift, providing support to the team members, be first point of contact for expert advice and escalation management, continuously providing solid understanding of procedures, processes and guide lines/norms.

·         Training : Provide guidance and training on use of various applications, procedures and internal controls,

·         Allocation: Effectively manage work allocations and leave planning of the team.

·         Procedures & SOP: ensure a full coverage of processes in charge by procedures, amended, reviews on a timely basis and shared on appropriate spaces.

·         Reporting: ensure the reporting with all metrics & analytics on a daily, weekly, monthly basis.

·         Communication: liaison with the clients, CRMs, agent and other BOs and with internal department, and regulation & compliance authorities.

·         Issue management: Daily supervision from a settlement and confirmation perspective of any issues, technical or operational, which may have a negative impact on the successful execution, or which increase the associated risks. Ensure that incident and issues are escalated according to strict guidelines and track in the appropriate tools. Understanding of impact on clients and downstream departments, minimizing impact.

·         Problem solving: Assist team with quick solutions to the daily processing issues/problems and look for long term and permanent fixes to reduce manual work and improve STP.

·         Controls: Define and ensure full control on operations along the day, control checklists is completed by each team member in a timely manner and that the Permanent Supervision is truly performed and justified.

·         Continuous Improvement Practices: Strongly monitor to the performance of the team and to implement/follow a full set of managerial practices.

·         Knowledge Management: Be up to date on all the market, currency, payment standards and regulatory updates


Profile Required

OPERATIONAL RISK & REGULATORY RESPONSIBILITY:

·         Responsibility of ensuring that you are fully aware of and adhere to internal policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational risk requirements (e.g. golden rules, security policies and regulatory requirements)

·         Responsibility for managing, controlling, preparing and escalating risk within the scope of your position.

·         Responsibility for reading, understanding and complying with the company’s conduct, standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements / intranet updates.

·         Act with integrity and due skill, care and diligence in carrying out your duties. Your action should always be able to satisfy high standards of scrutiny.

·         Observe proper standards of market conduct. Responsibility to ensure that you take reasonable steps to be fully aware of, understand and fully comply with all regulatory requirements and from all regulatory bodies that are applicable to your business.

 

Abilities/skills required:

 

KEY SKILL AREAS & KNOWLEDGE REQUIRED:

·         Minimum 3 – 5 years of processor/senior processor experience in a high volume, exceptions/manual and time bounded processing.

·         A sound knowledge of FX, MM and derivative products like Equity, Rates, Credits, Options.

·         Sound knowledge on payment processes and currency/country specificities

·         Competency in using the various applications in end to end processing of settlements.

·         Strong understanding of the trade lifecycle and various stakeholders & cross impact at each stage.

·         Familiar with a variety of common desktop applications such as: Microsoft Excel, Word, outlook and Internet browsers.

·         Good problem solving skills.

·         Keen and quick to learn, inquisitive nature, meticulous, motivated individual

 

 

BEHAVIOURAL COMPETENCY REQUIRED:

·         Detailed thinker

·         Team communicator

·         Team spirit

·         Decision making

·         Self motivation

·         Ownership

·         Service oriented

 


Why Join Us

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.

Business Insight

Societe Generale Global Solution Centre (SG GSC), a 100% owned subsidiary of European banking major Societe Generale (SG), Our role and purpose is to enable the strategic vision of Societe Generale Group. We are doing this by pioneering cutting edge innovation from Design Thinking to Smart Automation & Artificial Intelligence, and applying it to banking.

 

SG Global Solution Centre provides services in the areas of Application Development and Maintenance, Infrastructure Management, Business Process Management, and Knowledge Process Management, to Societe Generale's business lines around the world.

 

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.


We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000EE2
Business unit: SG Global Solution Centre
Starting date: 03/08/2020
Date of publication: 25/06/2020
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Senior Analyst - Settlement

Permanent contract   |   Chennai   |   Banking Operations