Company Description
As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.
With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.
Job Description Summary
We are seeking a Pune, India based Analyst to join our Trade Support / Confirmations Team in Global Technology & Operations.
Team/Group Description
Alliance Bernstein Confirmations serves as the operational liaison between ABMO and AB’s settlements team. Confirmations is responsible for overseeing trades within AB’s proprietary central trade router, ensuring all are processed correctly downstream ahead of settlement. In the event of any issues, confirmations coordinates solutions with ABMO, and both internal and external parties to achieve resolution. Additionally, the team manages trade communication with brokers and clearers, assists in the opening and closure of accounts, and plays a key role in the settlements and reconciliation processes.
Role Description
Perform various trade support tasks, including trade matching, confirmation, and affirmation. Serve as an escalation contact for any trade settlement issues that arise post-confirmation. The individual will be expected to work as part of a global team and must communicate effectively with various internal and external clients.
Applications and business or enterprise functions the role supports
The Trade Support team services all AB Trading Desks. Daily tasks involve utilizing DTCC’s trade matching platform (CTM) and settlement instructions database (ALERT). Other platforms include Microsoft Office; internal applications such as our trade router (CTR); and multiple vendor systems such as Bloomberg.
Key job responsibilities include, but are not limited to
- Same day trade matching over CTM platform
- Collaborate with ABMO to ensure accurate entry of trade details.
- Coordinate with brokers to ensure trade settlement.
- Resolve all trade-related exceptions in CTR.
- Ensure proper handling of all settlement issues.
- Resolve claims issued by brokers and custodians.
- Monitor and resolve failed trades.
What makes this role unique or interesting (if applicable)?
This role offers a fast-paced, dynamic environment with daily interactions internally with various parts of the business including settlements, ABMO, portfolio management, and trading as well as externally with brokers and custodians.
Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)
The employee will acquire extensive knowledge of the diverse range of products offered by Alliance Bernstein and develop an understanding of the distinctions among them. This role involves direct communication with the front office, which plays a crucial role in the firm's performance and success. As a demanding and rewarding position, it offers the candidate a comprehensive global perspective on the role of Investment Managers. Additionally, this role may open up further opportunities within operations, compliance, portfolio management, and various other areas within the firm.
Job Qualifications (The ideal candidate should have the following)
The ideal candidate should have the following:
Qualifications, Experience, Education
A bachelor’s degree in finance, Economics, Accounting or another relevant discipline. Experience in Trade Support, working with a team environment with time sensitive deadlines is desired.
Skills
Our team members typically have track records of outstanding professional performance or academic achievement, along with excellent analytical skills, financial skills, technical skills, attention to detail as well as strong communication skills. Candidates should have a strong ability to work and manage in a collaborative environment and to present results to both expert and non-expert audiences.
Special Knowledge (if applicable)
The Candidate should be outgoing, possess strong communication skills, work well in a team setting, and handle change with a positive outlook.
Pune, India
