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Manage and oversee daily clearing and settlement activities to ensure timely, accurate, and risk-free completion of financial transactions in compliance with regulatory and institutional standards.
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Coordinate with internal departments, counterparties, and clearinghouses to ensure smooth processing of trades across various asset classes.
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Monitor settlement cycles and resolve discrepancies or failures promptly, minimizing financial exposure and operational risk.
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Implement and maintain systems and procedures to optimize clearing and settlement workflows, increase efficiency, and ensure compliance.
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Prepare and review periodic reports on settlement performance, exceptions, and reconciliation outcomes for management and regulatory bodies.
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Ensure adherence to central bank and financial authority guidelines on clearing and settlement processes.
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Lead initiatives to enhance automation, reduce settlement timelines, and improve reconciliation accuracy.
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Act as a subject matter expert for system upgrades, process improvements, and cross-functional projects involving clearing and settlement.
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Train and support junior staff in operational procedures, controls, and compliance requirements.
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Collaborate with compliance, risk, and audit teams to address findings and ensure effective internal controls.
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Stay updated on global best practices, market changes, and regulatory developments impacting clearing and settlement operations.