Assistant Manager, Equity Settlements
Standard Chartered · Banking & Financial Services
- Mumbai, India
- On-site
- Posted today
- Finance & Accounting
About the job
Job Summary
To ensure optimum efficiency from the Section whilst maintaining all required controls and procedures.
To maintain working relationship with the officials of the various market intermediaries (Stock Exchanges, Registrars, Issuers / Companies, Depositories, Other Custodians)
To supervise and manage the Corporate Action Sub-Sections by ensuring that all operations are working in line with laid down controls, procedures and all regulatory requirements and achieve established targeted standards of productivity and client services
To maintain a positive working with personnel of the other Sections / Divisions of the Bank.
Key Responsibilities
To supervise and manage timely and accurate processing and reporting related to of following transactions / activities:
Monitoring, Recording and reporting of corporate action announcements on equity and Debt securities for domestic and regional custody clients
Reconciliation of client eligibility for corporate action events on key dates and reporting of securities and cash entitlements to clients
Tracking and processing of circulars, notices issued by exchanges, depositories impacting securities held by clients
Follow-ups, collection, and processing of Corporate Actions Benefits (Cash and Securities) on Equity and Debt Securities held by clients
Handling client responses & execution of Voluntary Corporate Actions including PUT/CALL options
Clients’ subscription through Primary Market transactions in Equity/Debt IPOs and QIPs
Proxy services offered to clients including follow-up for agendas / annual reports, dispatch of the same to clients, execution of proxy instructions, procurement and dispatch of meeting updates.
Investments made by FDI/ FVCl/ FPI clients through Private Placements and security for the same is received on a timely basis.
Processing of Demat / Remat / Repurchase instructions of clients.
In warding of Demat/ Physical securities.
Follow up Debt IPO allotments and ensure timely credit to clients.
Activities related to Transfer processing for securities held in physical certificates
Assist Team Leader/Section Head in any ad hoc assignments
Strategy
To build a well-defined and robust processes with good controls
To cross train the people in the corporate actions so that in any kind of disaster we can deliver our services.
To participate in the bank’s initiative and deliver / implement the same.
Business
Corporate Action business is to action on any event initiated by a listed/ unlisted company that affects its stakeholders, such as shareholders.
Processes
Responsible for accurate execution of day-to-day BAU operations of corporate action processing, timely reporting to clients and internal stakeholders. Must ensure all the laid down controls, procedures and regulatory requirements are followed and achieve established targeted standards of productivity. Strive to provide a high level of quality service to all clients and stakeholders, and to ensure that all processes are handled in a compliant and efficient manner. Lastly, dedicated to maintaining and improving BAU operations to ensure the highest level
People & Talent
To help build a good work life balance for self and team.
To constantly motivate team towards better performance.
To encourage and foster a collaborative and supportive working environment.
To determine training needs of team members and regularly initiate internal training sessions to meet these requirements.
To give regular feedback to team members.
To develop a career road map for staff to keep engagement levels high.
To support Head, Securities Services in planning and controlling staffing and training needs.
Risk Management
Responsible for timely highlighting/ escalating issues, reporting of exceptions and operational challenges, high volumes in assigned BAU operations to Team Leader / Line Manager.
Governance
Ensure that all procedures laid down in the Departmental Operating Instructions and the Key Control Standards are adequately followed.
Regulatory & Business Conduct
Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
Functional Officers / Managers - Operational matters
Tech Teams - System related matters
Ops Review / QA Team – Reconciliations / Audit submissions
Client Services Team - Client queries / updates
RTAs / Issuers / Vendors – Corporate Action operational matters
Depositories / Exchanges / Lead Managers - Information on securities and corporate action offerings
Skills and Experience
Knowledge on capital market
Communication Skills
Interpersonal Skills and Positive Attitude
Stakeholder Management
Influencing and negotiation skills
Qualifications
Education Graduate of any stream
Should have
Sound custody operational skills including knowledge about physical mode of settlement.
Knowledge of market practices in trading and about different corporate events.
Knowledge of Corporate Action SWIFT messages.
Good interpersonal skills to deal with counter parties/ companies/ registrars.
Knowledge of SEBI (DIP) guidelines and broad idea of Companies Act.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.