Ms- Derivatives - Bengaluru, India - Quess IT Staffing

Quess IT Staffing

Verified Company

Bengaluru, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

About Us
"Magna Infotech, now Quess IT Staffing, is India's largest IT staffing company with over 20 years of experience in staffing IT professionals in 300+ companies across levels and skillsets. Our 10,000+ associates deployed in 80+ cities and towns are proficient in over 500 technological skills. Our associates help enable cutting edge solutions some of the biggest names across industried. Quess IT Staffing is a division of Quess Corp Limited, India's leading business services provider and largest domestic private sector employer. Quess Corp Limited is - 'A Great Place to Work' certified - a testament to our excellent culture, people, and processes."

About Company

Roles and Responsibility
Market Specialist

Fixed Income

Contract Duration

12 months

15days to Immediate

Product / Domain Expertise

Understanding of FX,FI Products & its behaviour covering Trade life cycle ,Risk associated and related market guidelines
Knowledge of different Swift message types such as MT 5XX series & MT 202 /103/COV
Technical & functional expertise in using Vendors tool such as Alert /Mysys/FXaLL/GTSS.

Fixed income:
Settlement experience in clearstream, Euroclear, DTCC and FEDWire clearer

Roles and responsibilities:
Handling end to end investment process beginning with order placement to Portfolio settlement.

Order placements for subscription, redemption, switching of funds & transfers, SSPs with the Asset management companies.

Daily & Monthly Reconciliation for the trades booked to keep up to date with the trade cycle and liens placed as per scheduled process cycle.

Customer service:
Tracking the customer queries and resolving them in a timely manner.

Subscription & Redemption settlements:
Handling debits and credits of the respective clients.

Daily Funding to counterparty:

Remittance of payments on the agreed settlement dates for the trades placed in market through Telegraphic transfer via S2B.

Reviewing of KYC documents at regular intervals.

Taken active part in automation process of client redemption credits and, withdrawals from & funding to custodian by simplifying the major manual work.

Analyzing process gaps and reviewing departmental operating instructions at regular intervals.

Acts as a custodian:
Accountable for holding all the securities that are traded on behalf of the bank.

Placing bulk orders:
Acts as an intermediate for Mutual Fund investment with Fund Houses for Purchase/Redemption/Transfers and Switch transactions

Remittance and Pre-advice of funds: Acts as mode of money payments between the Beneficiary and our bank.

And for each cash payment made, a pre advise is instructed so that the custodian can notify the currency correspondent banks on their payments.

Withdrawal of funds/Coupons:
Matching off the redemption trades and withdrawing the agreed amount and settling the client.

Unsettled trade check:
Daily Reports are being extracted to do the reconciliation as no trade should be unsettled.