Back Office - Brokerage - EMEA Shift

FIS · Software & Internet

IND PUNE FL7
On-site
Posted yesterday
Operations & Supply Chain

About the job

Brokerage (Analyst, Senior Analyst)

As the World works and lives faster, FIS is leading the way. Our Fintech Solutions touch nearly every market, Company and Person on the Planet. Our Teams are Inclusive and Diverse. Our Colleagues work together and celebrate together. If you want to advance the World of Fintech, we’d like to ask you: Are you FIS?

About the Role: -

This Job requires key attention to detail, good understanding of Listed Derivatives Brokerage Settlement concepts like Futures & Options products traded in Global Exchanges, Give-Ups, Clients vs in-House Business, FIA Rankings, eRecs, GPS, Nostro breaks Management, Balance Sheet Substantiation, Financial Reporting, Aged Brokerage Management, Broker & Stakeholder Relationships, Breaks resolution in timely manner, etc. It also involves good understanding & robust execution of Brokerage Settlement with tools like eRecs, Atlantis, FIS Brokerage Manager and MS-Office suite

About the team

The Brokerage team is responsible for brokerage receivable and payable for the execution and clearing of Listed Derivatives.

From a BAU perspective, pre-settlement duties entail sending invoices, reconciling all received invoices and resolving rate and trade validity disputes, physical settlement of agreed amounts, nostro break management, and management of all output from electronic settlement platforms. Post-settlement, the team reconciles all excess accruals and presents to the business for follow-up actions.

From a project perspective, the team engages in various tactical and strategic process improvements and system architecture changes. The team also handles one-off requests for information from the business and co-ordinates any accrual setup changes requested by the business.

What you will be doing

Complete brokerage BAU responsibilities in a timely and accurate manner

Ensure team’s monthly brokerage cycle tasks are completed within the internal and market timelines - Invoices

Finance reports

Management reports

Deliver on monthly SLA targets, striving to exceed where possible - Analyze outstanding brokerage ageing profile and identify short/medium term targets to ensure adherence to SLAs

Plan resource allocation across teams to execute targets and monitor capacity/utilization to ensure feasibility of plan execution

Escalate and propose solutions regarding short and long term capacity concerns to FIS managers

Work with utility management and other stakeholders to ensure that SLA breaches are closed out in a timely fashion

Timely escalation of potential problem brokers to management

Change management - Proactively identify areas for performance and control improvements

Constantly analyze productivity/output to identify potential enhancements or cost savings

Articulate business cases to management/change/IT to execute and deliver on suggested improvements

Guide/encourage team to propose solutions and take ownership of changes

Provide excellent client service - Build strong relationships with all stakeholders (retained team/management/business)

Co-ordinate timely response and resolution of all queries

Ensure accuracy and clarity in all deliverables to stakeholders

Provide constant feedback to stakeholders to improve our service offering

Provide an effective link between industry platform providers and the participant firm in terms of knowledge transfer and decision making

Risk management - Monitor controls and checks associated with tasks in SOPs

Constantly analyze all activities to close potential risk gaps and implement preventative, and if not, then detective controls

Ensure timely escalation in event of a risk incident

Business/Industry landscape awareness - Keep abreast of all industry changes/advancements especially with regards to the development of industry tools and regulations

Awareness and communication of impact to utility management – generate action plans to develop positive outcomes/mitigate negative outcomes from changes

Understand business risks/impact and escalate to management where necessary

What you will need:

Minimum of 3-8 years of work experience in Futures/Options Brokerage Receivables and Payables function.

Comfortable using key industry platforms such as GMI, eGUS, eGAINS, eRECS and GPS.

Front to back understanding of the Brokerage function, upstream dependencies and how it impacts processes downstream, so that complex queries can be addressed accurately and in a timely manner

Detailed understanding of exchange traded derivatives (Futures/Options)

High attention to detail and quality of outputs delivered.

Manage multiple simultaneous deliveries to tight deadlines.

Analytical and can solve problems quickly and innovatively.

Dynamic outlook, with the ability to adapt and change plans on the fly.

Delivery focused; results driven.

Excellent communication and co ordinations skills.

Strong client service focus.

Qualifications

MBA in Finance or equivalent

Competencies

Skill in project management, organization, communications, analytical and people skills

Skill in leading, supervising and managing effectively under pressure

Ability to be comfortable interacting and maintain positive working relationship with other stakeholders

Ability to analyze business needs and determine related information services support

Ability to manage activities and problem areas

Ability to delegate tasks to qualified subordinates as appropriate

Ability to lead, direct and manage effectively

Ability to operate independently

Ability to exhibit solid decision-making and problem-solving skills

Ability to communicate effectively verbally and in writing

Ability to build strategic roadmap for the function and further expansion of scope of functions

Ability to contribute towards budget saving automation ideas

Ability to meet conflicting priorities by ensuring effective prioritization and meeting the business demands

Ability to learn and practically apply latest technological development.

Added bonus if you have:

Experience in servicing large Global Financial Banking Firms & Clients.

Experience in major Brokerage Transformation & Automation Projects

Experience in Position & Cash Reconciliation for ETD & OTC Derivatives

Experience in Trade Clearing & Lifecycle process for ETD & OTC Derivatives

Knowledge of Front to Back Trade & Cash Settlement flows

What we offer you

At FIS, you can learn, grow and make an impact in your career.

Extensive Health Benefits Program along with the Family Protection Plan

Best-in-class career mobility options across the globe

Award-winning learning offerings for career development

Adaptable home - office work model

Opportunity to work with global teams and clients

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice .

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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