Summary

Processing and maintenance of all Interest Rate Derivatives on the NY book, and related cash settlements. Alternately, assist EBO team in the processing and settlement of Paris’ Securities transactions; account opening; EOD funding.


Key Area Responsibilities

Main Responsibilities EQUITY:

Management of trading operations for Equities / Convertible Bonds / EIS Sales scopes :

• Monitoring of settlement-delivery of operations for equities
• Management of settlement-delivery on physical OSTs
• Monitoring of CB issuance settlements

Main Responsibilities of the Equities Lending/Borrowing:

• Verification of proper transaction integration in the settlement-delivery chain
• Verification of proper receipt of settlement instructions by custodians
• Monitoring of proper operation settlements
• Real-time monitoring of global positions
• Escalation of failed transactions to FO
• Management of issues with IT support
• Management of accounting suspense items

Main Responsibilities of the Securities Lending/Borrowing Collateral:

• Management of triparty longbox funding
• Monitoring of proper daily operation settlements for the implementation of cash and securities collateral
• Monitoring of payment defaults/cash receipt in relation to treasury and accounting

Main Responsibilities of the Securities Lending/Borrowing Invoicing Division:

• Monthly generation and sending of invoices
• Reconciliation of received invoices
• Analysis and investigation of identified discrepancies
• Correction of discrepancies and payment processing
• Monitoring of payment defaults and accounting suspense items
• Research for optimization of invoicing processes
  
  
  (EBO)
• Manage any pending transactions for DTC/FED and BNY settlements with regard to primary and secondary markets. This includes government issues, repo settlements and resets, corporate bonds, triparty activity, and asset backed securities.
• Follow up on CAD/MXN trade issues with agent banks; limited trade processing as required.
• Settlement of equities transactions, buy and sell, repo and securities lending/borrowing activities
• All related operational management, including billing processing.
  BNY Custody account settlements/monitoring and related reconciliations.
• Soc Gen Futures processing – daily margin calls and program monitoring/reconciliation review.
• Manage settlement issues on behalf of Paris book during NY business hours.
• Liaise with NY Front Office/Middle Office and the custodian as required.
• Liaise with counterparties as needed in coordination with Bondsettlement team in Paris and CAS BO.
• Monitor and investigate breaks on real-time daily position report reconciliation (Calypso against P3).
• Maintain referential data, including creation and modification of SDI records on Calypso and accounts on Phase3 using Calypso and ALERT.
• Validate CA positions on new Treasury auctions with MO for regulatory reporting.

Salary Range: $100k-$120k

#LI-DNI

Cont'd

• Review trades with Japanese clients to ensure integrity of data flowing from Calypso to Phase 3.
• Investigate and liaise with clients and MO regarding EOD client fails and DK’s, until resolution.
• Review of processing queues and alerts from sub-systems (EAI, EFIRA, Murex, APEX, OT) to ensure smooth transaction workflow.
• End of business day (3pm) Calypso queue verification to ensure all trades and issues have been addressed for same day value.
• Provide Paris BO with daily end of day IM reports.
• Update of 15A6 trade accounts on Calypso to correct internal reconciliation breaks.
• Contribute to annual procedures document updates.
• Annual bank compliance tutorials as assigned.

Management and Reporting 

• CMO-CMB Management 

Key Internal contacts (Derivatives)

• IRD and MM desk traders
• Funds Transfer group
• Control and Reconciliation teams
• Paris CMO Derivatives and Documentation teams (EBO)
• CAS Domestic Settlements
• MO (NY, Paris, HK, FFT, Italy, London, Tokyo)
• CAS Trade Support
• Client On-boarding
• Calypso/Summit/Integration Services IT support teams

Key External contacts 

• Soc Gen/BNY account officers
• Clients, brokers as needed

Education Essential: Bachelor’s Degree or Relevant Work Experience

Experience Essential: 

• 5+ years in Back Office settlements or Trade Support. Focus on Equities products

Competencies Required:

• Capacity to cooperate with other team members; ability to work across disciplines; ability to analyze and summarize

Skills & Knowledge Requirements

• Knowledge of Derivatives’ and Securities processing; Payments; regulatory requirements
• Working knowledge of Excel; SWIFT; Calypso, Phase 3; ALERT

Relevant Information

• Ability to work in a highly demanding environment
• French Speaker is a plus