At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.
Come join us in delivering better outcomes for our clients around the world!
The Trade Processing and Settlements Associate will take direction from Derivative Trade Processing Manager in addition to Team Lead of the Derivative Operations team.
The candidate will be responsible for trade processing and other life-cycle event processing of complex financial instruments such as Foreign Exchange, Swaps, Futures, Options, and Bank Loans.
The candidate will correspond and interact with Trading, Compliance, Client Service, and other internal teams at Brandywine Global; also correspond with executing brokers and client custodians. Participation in meetings directly related to Fund and Client accounts is expected.
This position requires an individual who possesses the personal attributes and the professional experience consistent with the Firm’s high standards of conduct and performance. In performing the job, the individual must demonstrate behaviors consistent with the company core values including:
Act with Integrity:
Demonstrates values and ethics aligned to BGIM and is looked to for guidance on standards and norms
Follows through on commitments
Viewed as direct and truthful
Shows consistency between words and actions
Keeps confidences
Take Ownership:
Feels a sense of personal responsibility in seeing tasks to completion
Works and thinks like a team member – owns their responsibilities while also considering the enterprise impact
Takes personal accountability for decisions, actions and outcomes.
Takes an active role in managing their own career development
Be Curious. Challenge Conventional Thinking:
Introduces new ways of looking at problems
Experiments and finds new solutions
Has the courage to push back and ask questions that advance the group’s thinking
Debate with an Open Mind:
Uses compelling arguments in representing own interests while actively seeking to understand different perspectives
Steps up to address difficult issues, says what needs to be said
Champions an idea or position despite dissent or political risk
Build Strong Diverse Relationships:
Relates openly and comfortably with diverse groups of people. This includes diversity in the broadest sense – diversity of thought and functional expertise in addition to race, gender, ethnicity, sexual orientation.
Builds effective formal and informal relationships inside and outside the organization – including co-workers, clients, vendors and parent company, Legg Mason.
Draws upon multiple relationships to exchange ideas, resources and know-how
Embraces the spirit of collegiality, mutual respect and teamwork
Strive for Balance:
Prioritizes business needs with an understanding personal reality
Understands and considers competing agendas and priorities within the firm when making decisions
Perform daily trade processing of Derivative (Futures, Options, Swaps, Swaptions, Term Loans), Foreign Exchange (Spot and Forward FX).
Monitor trade flow and matching processes using TradeNexus (GTSS) and other confirmation systems
Perform daily resolution of related settlement issues and participate in overdraft and claims resolution when required.
Contribute to the maintenance, improvement and continuous refinement of all related processes and controls
Perform necessary manual accounting entries for new account or transition accounts
Participate in audit preparation BCP Planning and DR Testing, which may include weekend or after hour remote access and participation.
Access to personal computer and internet access is required.
Position requires flexibility in work schedule to allow for extended work hour coverage supporting an international client, custodial, and brokerage community
Regulatory Derivative Reporting - Review and resolve any issues with reporting of required trades and valuations to regulators within defined deadlines and perform periodic reconciliation.
Team Responsibilities:
Confirm accuracy of all trades (Swaps, Futures, Options, Foreign Exchange, or Loans) by comparing details of trades with executing brokers via electronic settlement platform or other approved process
Review and resolve all Exceptions and Failed trades
Confirm accuracy of related transaction activity, such as life-cycle events, payment netting, collateral/margin, etc. using approved processes
Process derivatives transactions utilizing various systems (Bloomberg, Eagle Star, Osttra, Trade Nexus, etc.)
Prepare, distribute and/or monitor settlement instructions to custodians
Reconcile derivatives, collateral and/or margin positions against broker records
Maintain accuracy of derivatives book of business by performing daily reconciliations of derivatives positions between trading system and accounting system
Ensure that all transactions are properly settled with all counterparties (resolving settlement issues including non-receipts and compensation claims)
Assist with project planning, implementation and testing when required
Perform data maintenance activities on both internal and external settlement information/notification systems
Create/prepare and submit daily, weekly, and monthly reports to clients, consultants, service providers, and internal committees/departments
Bachelor’s degree.
Three to Five years’ experience in investment management or financial industry, preferably at a bank, brokerage firm or investment manager, in a position with similar responsibilities.
experience with derivatives, preferably in a processing-oriented role
Computer literate including Microsoft Office and an aptitude to learn different systems/applications.
Excellent interpersonal communication, analytical, organizational, problem-solving and judgement skills.
Commitment to task and to the team; ability to start and complete specific tasks with motivation and a sense of urgency in a fast-paced environment.
Professional attitude and ability to work independently
Management and leadership ability
Familiarity with Bloomberg’s AIM Trade Complete, EAGLE, TradeNexus, Markit ReadeServ, Clearpar or Markit Trade Manager is a plus.
Understanding of Cappitech reporting tool and processes are a plus.
Knowledge on Derivtives systems: TradeNexus (GTSS), TriResolve, Duco, Bloomberg Trade Complete (TC), Eagle accounting systems, OneTIS (view only), WSOWeb, Clearpar, Ongeo Alert, ICELink, Cappitech, MarkitClear, DTCC Portal, MarkitWire, Markit Trade Manager/TradeServ, FT Fusion Recs.
Requirements:
This position requires an individual who possesses the personal attributes and the professional experience consistent with the Firm’s high standards of conduct and performance. In performing the job, the individual must: (i) always act in the best interests of clients, (ii) continuously evaluate and escalate areas of risk to the Firm, (iii) work cohesively and effectively with people across all functions, and (iv) comply with all Firm policies and procedures. Accordingly, it is expected that the individual is of high moral character, well-organized and self-directed, with strong interpersonal skills and an ability to execute work objectives in a dynamic, fast-paced environment.
Work Shift Timings - 8:30 PM - 5:30 AM IST
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.
Hear more from our employees
By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.
Highlights of our benefits include:
Professional development growth opportunities through in-house classes and over 150 Web-based training courses
An educational assistance program to financially help employees seeking continuing education
Medical, Life and Personal Accident Insurance benefit for employees. Medical insurance also cover employee’s dependents (spouses, children and dependent parents)
Life insurance for protection of employees’ families
Personal accident insurance for protection of employees and their families
Personal loan assistance
Employee Stock Investment Plan (ESIP)
12 weeks Paternity leave
Onsite fitness center, recreation center, and cafeteria
Transport facility
Child day care facility for women employees
Cricket grounds and gymnasium
Library
Health Center with doctor availability
HDFC ATM on the campus
Learn more about the wide range of benefits we offer at Franklin Templeton
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.