Company Description:
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals, and private clients in major markets around the world. AllianceBernstein employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AllianceBernstein’s research disciplines include fundamental research, quantitative research, economic research, and currency forecasting capabilities. Through its integrated global platform, AllianceBernstein is well-positioned to tailor investment solutions for its clients. AllianceBernstein also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
Ops Group Description:
Alliance Bernstein Foreign Exchange (FX) Confirmations acts as the operational bridge between Alliance Bernstein, external brokers, and custodians. The team is tasked with overseeing trades within AB’s proprietary central trade router, ensuring they are processed correctly downstream before settlement. If any issues arise, the confirmations team coordinates solutions with both internal and external parties to resolve them. The team manages trade communications with brokers and clearers, assists in opening and closing accounts, and plays a crucial role in the settlements and reconciliation processes. Additionally, the team manages and oversees administrative account setup functions across all products, including Swift connectivity, client transmissions, and other account maintenance related to custodian and trading setup.
Ops Job Description:
We are seeking a Pune, India based Analyst to join our Foreign Exchange (FX) Trade Support / Account Set-up Team.
Describe the role:
- Manage administrative account setup and maintenance, including onboarding all new accounts, setting up Continued Link Services (CLS) with the client's bank and the CLS services team, SWIFT connectivity, and coordination with custodians and external trading partners.
- Oversee and manage the processing of Foreign Exchange trades within the proprietary central trade router, ensuring accurate and timely downstream processing prior to settlement.
Describe the applications and business or enterprise functions the role supports:
- The Trade Support team services the FX Trading Desk, which directly places order executions for all portfolios across Alliance Bernstein. Daily tasks involve utilizing the FX trade matching platform (GTSS), the Continual Linked Settlement platform (CLS), and the settlement instructions database (ALERT). Other platforms include internal applications such as our trade router (CTR), Longview, Enfusion, and multiple vendor systems like Bloomberg.
The key job responsibilities include, but are not limited to:
- Account onboarding and maintenance
- FX Broker Set-up
- Same day trade matching over GTSS platform
- Collaborate with Middle office 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.
What is the 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:
- Qualifications, Experience, and Education: The ideal candidate should have a bachelor’s degree in finance, Economics, Accounting, or another relevant discipline. Experience in Trade Support, collaborating with a team environment with time sensitive deadlines is desired.
- Skills: Our team members typically have histories 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.
Location: City/State/Country: Pune, India
Pune, India
