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 based Trade Support and Settlement Analyst to join our OTC Settlements Team within Derivative Operations a subdivision of Global Technology and Operations. Team/Group Description The OTC Settlements team within Derivative Operations settles bilateral derivative cash payments and receipts associated with upfront and trade life cycle events for the derivative trades placed on behalf of our clients and funds. We affirm all cash settlements with the executing broker and then instruct cash movement in accordance with our policies. We also work with other groups upstream and downstream to correct any discrepancies on the trade and assist in the reconciliation of cash as needed. Role Description The OTC Derivative Trade Support and Settlement Analyst is responsible for the strict control of trades and for liaising with both internal and external contacts, escalating to management where appropriate. The settlement team works independently from the Front Office and is key to the control of the business, ensuring the highest level of quality is achieved at all times. Applications and business or enterprise functions the role supports The primary applications used to support this role are Calypso, CTC (Clareti Transaction Control), AB Advantage, industry web sites, broker and custodian portals. Provide the more in-depth departmental info to the above high-level overview The Derivatives Operations Department is primarily responsible for the trade lifecycle management and controls of both standard and complex OTC Derivative activity across Rates, Credit, Equity and FX. Key job responsibilities include, but are not limited to
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Support day-to-day operational needs for equity, fixed income and multi-asset derivative settlement support for our asset management business.
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Ensure all aspects of OTC Derivative trade settlement affirmation are carried out in a timely manner
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Access and communicate settlement instructions with counterparties using DTCC ALERT
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Perform reconciliation, fail management and break resolution related to OTC derivative cash settlements
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Participate in team projects to enhance workflow, document processes and support changes in industry regulations related to derivatives.
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Provide superior client service.
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Shift will be from 5:00PM to 1:30 AM IST
What makes this role unique or interesting? This is a great role for a candidate to learn the OTC derivatives processes from trade execution through settlement and any applicable lifecycle events including corporate actions, credit events and resets. A successful candidate will also be able to cultivate relationships with AB’s dealer middle and back-office teams while also coordinating with other internal operations teams. Professional development value of this role This role will offer candidates an opportunity to develop a deep understanding of the OTC markets, honing professional skills on presenting to senior audiences and the opportunity to grow within a niche part of the financial industry Job Qualifications (The ideal candidate should have the following)
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Solid understanding of a variety of financial products (equities, fixed income and derivatives)
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Ability to work in a high volume, time-sensitive, high risk and demanding environment
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Excellent analytical skills in assessing risk and issues and finding ways to improve current processes
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Highly developed interpersonal and communication skills to effectively engage partners and work well at all levels, including senior management
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Ability to work as part of a multi-location team – supporting each other to ensure all work is completed.
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The ability to use generative AI to fit solutions to ad-hoc problems that come up
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Be a self-starter that continues to learn and dig while researching in order to solve problems
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or identify where system enhancements are needed.
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Is self-aware and understands the areas where improvement can occur
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Is tolerant of others' learning methods and the way they work
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Seeks first to understand in situations where disagreements can occur and does not take
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offense
Qualifications, Experience, Education
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Educational degree, or at least two years of specialized training/ equivalent work experience
Skills
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Has a general understanding of stocks, bonds and options
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Proficient use of Microsoft Excel, Outlook, Word, One Note at minimum
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Be able to effectively communicate primarily through email and in-office message
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applications to share status of work, ask questions and work through issues.
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Has a sense of humor and can build working relationships with colleagues both domestically
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and overseas
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Works well on a team - finding ways to assist and educate colleagues to strengthen the
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overall group
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Is able to conduct presentations in team meetings or larger department meetings or is willing
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to put in the work to improve this skill
Pune, India
