Operations Analyst (Bernstein – India)

We are looking for self-motivated, passionate, and hardworking India based Back Office Operations Analyst (Trade Support) to support ever growing trading desk of the institutional services team. This institutional equity trading desk is responsible for trade execution in the Indian markets (NSE and BSE). The trading desk is organized with traders specialized in industry sectors and execute orders for custody settled institutional/non-institutional investors who utilize our research product and pay us commissions via brokerage business. This desk also uses our own proprietary algorithms to execute order for foreign and domestic customers. The Operations team role is to provide primary support to the core post-trade execution functions that layover both Indian and other APAC markets. This position interacts with multiple groups including the trading desk, technology, global operations, compliance as well as local Indian Banking & Back Office vendors.

Operations Analyst – India will support the India based equity trading desk. Specific responsibilities may include:

• Global setup: Interacting with sales traders, dealers, and operation teams globally to provide support by booking trades, matching allocations, and escalating issues to senior operations team members.

• Client Servicing: Assist in opening and maintaining institutional client accounts. Execution of India specific KYC processes. Tracking transactions, redemptions, and rejections statuses

• Local Clearing Operations: Actively participate in resolving trade breaks, settlement issues by liaising with exchanges & client custodian banks, CTM/Manual Bookings, STP Confirmations, Exchange Reporting like OTR & 6A/7A, Margin reporting & other regulatory reporting, Pay IN & Pay Outs of funds and securities Settlements etc.

• Global execution: Monitoring processing of all equity transactions between global/local order management systems, a proprietary global middle office system and India vendor based back-office systems. Assist in troubleshooting with vendor for issues if any.

• Financial Control: Aid in daily reconciliation of cash & securities accounts to include settlements, corporate actions, dividends, stock loan, etc.; against the Firm’s external local clearing bank.

• Audits and Inspections: Participating in various Audits and Exchange Inspections.

• Global Markets: Support Middle office functions (CTM allocations, confirmations etc.) for other regional APAC markets from time to time.

• Mindset: Learning various trading systems, global middle office system in a challenging, fast paced, and technical environment

• Teamwork: Liaising with existing senior operation team members and global middle office teams to facilitate workflow of tasks

• Technical: Sufficient knowledge of the India KYC, settlement, Banking & Reconciliation (Cash & Security Management), Risk controls processes.  Excellent knowledge of Word and Excel or similar software tools along with good analytic problem-solving skills and numeracy skills.

• Communication: Excellent English communication skills (both written and verbal) and interpersonal skills.

• Vendor: Experience with KGiSL Dolphin or similar back-office platform preferred.

The ideal candidate should have a bachelor’s degree in finance or economics with 4+ years of equity operations experience within the Indian brokerage industry. Preference will be given to candidate with knowledge of handling day to day India operations work for both institutional and custody settled non-institutional FPI & Domestic clients using KGiSL Dolphin back-office platform.

We are interested in candidates that have excellent organizational support/facilitation for client servicing and significant technical/quantitative skills. Strong time-management and planning skills; with multi-tasking and problem-solving abilities. Candidates should also possess excellent English communication skills (both written and verbal) and interpersonal skills. This is an exciting and challenging opportunity for someone with a willingness to learn, innovate and grow with the organization.

Bernstein is widely recognized as a premier global equity research and brokerage firm, with a trading platform that spans the US, Europe, and Asia. Our research and trading capabilities are sought out by leading investment managers around the world, and we have a long history of our research receiving #1 rankings for overall quality and industry knowledge.

Research is our legacy and foundation. Our brand is defined by our Blackbooks, renowned for their in-depth quantitative forecasts and unmatched industry expertise. Our Research Analysts are thought leaders who typically have many years of direct experience in the industries they cover. Our reputation is for the very highest caliber of disciplined investment and industry analysis.

In 2019 Bernstein acquired Autonomous Research, a highly regarded global financial services independent research firm. This acquisition further strengthened us as the preeminent provider of the highest-quality research to our clients worldwide. On April 1, 2024, AllianceBernstein and Societe Generale announced the official launch of Bernstein, a new joint venture expanding our global cash equities and equity research business Clients now have unparalleled equity liquidity access and a full range of integrated services leveraging Bernstein’s cash equities and research capabilities and Societe Generale’s equity derivatives, prime services and equity capital markets offering.

AI tools can be useful to edit and refine your application. However, we are keen to hear your authentic voice so an over reliance on AI-generated content in your application is discouraged.

If you feel you have the required experience and qualifications, then please apply, and we will manage your application. At Bernstein, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender identity.