*Hi,*
*Please send matching resumes.*
*
*
*Very Hot Position. *
*
*
*Requirement:*
Position Title: *Business Analyst/Quality Analyst*
Location: Oaks, PA
Duration: 12+ months
*1. Securities : *The resource should be aware of
- Order initiation, execution and settlement processing for below
mentioned assets
- Equities and mutual funds
- Corporate Debts
- Index linked and non index linked GILTS
- Bonds – Perpetual, Convertible, fixed/Variable rate and callable
- Hedge funds
- ABS/MBS/CMO
- Structured products
- Uniques
- Rights & Warrants
- ADRs and GDRs
- Different order conditions – Time conditions, price condition etc.
- Market practice around reporting post trade deals
- Market practice and business intent behind FREEs – Free Deliver, Free
Receive and free transfer and custodian transfer.
- Different SWIFT messages for securities transactions (54X series). Who
are the sender and receiver and the intent behind the message? Awareness of
the internal details of the tags will be an added advantage
- Should know about the market participants participating in securities
transactions – Broker, Stock exchange, clearing agent, Custodian, depository
etc.
- Knowledge of omnibus and fully disclosed account processing
*2. Currency: *
- Processing cycle for different payment methods
- BACKS
- CHAPS
- SWIFT
- Checks
- Market practice around different currency transactions
- Disbursements
- Receipts
- Transfer
- Nostro Transfers
- Knowledge of
- Omnibus and fully disclosed account processing
- How are cash balances computed
- Different SWIFT messages for currency transactions. Who are the sender
and receiver and the intent behind the message? Awareness of the internal
details of the tags will be an added advantage
- Any hands on experience on webseries and pay base will be preferred.
- Should know about the market participants participating in currency
transactions – Cash Agent, Custodian, Firm etc.
*3. Portfolio Management*
- Strategy creation and maintenance
- Simple model
- Hierarchical model
- Business logic around portfolio rebalance
- Knowledge of different tax lot accounting methods
- Taxlot harvesting
- Unrealized gain/loss computation for different assets
- Monthly/Quarterly/yearly Performance computation for the client
accounts
*4. FX processing*
- Order initiation, execution and settlement cycle for spot and forward
contracts
- Accounting treatment of FX contracts
- Market practices around FX contracts
- Different SWIFT messages for FX processing. Who are the sender and
receiver and the intent behind the message? Awareness of the internal
details of the tags will be an added advantage
*5. Corporate Action*
- Knowledge of lifecycle of different corporate action event types –
Mandatory, Mandatory with choice and voluntary
- Good knowledge of different dates applicable for a corporate action –
Record date, Ex date, value date etc
- Accounting practices for corporate action – Client account, transit
accounts and custodian account
- Good knowledge of how event eligibility and entitlements are computed
for different event types
- Corporate action response for choice and voluntary events
- Treatment of securities order/trades during a corporate action
- Different SWIFT messages for corporate actions. Who are the sender and
receiver and the intent behind the message? Awareness of the internal
details of the tags will be an added advantage
- How withholding tax is handled during corporate action
*6. Taxation (Capital Gains)*
- Knowledge of UK and US taxation rules
- Impact of different transactions on tax lot accounting
- Tax harvesting
- Tax impact for various client type, account types and different
ownership structure.
- Capital gains computations as the per the rules
*7. Reconciliation*
- General concept around reconciliation – What should be reconciled and
with whom?
- Impact of different transactions and asset types on reconciliation
process
- Different SWIFT messages for reconciliation. Who are the sender and
receiver and the intent behind the message? Awareness of the internal
details of the tags will be an added advantage
- Any Hands on experience on TLM will be an added advantage
*8. Reporting& statements : *
- Prior experience in handling client reports and statements
- How different transactions should be reported to clients
- General concepts around investment banking and investment processing
- Order initiation, execution and settlement
- Knowledge around how are the cash and securities balances computed
- Available
- Ledger
- Trade date
- Settlement date
*9. Asset Data Processing*
- Process around asset data load from different vendors – Reuters, Extel
etc.
- Scrubbing rules for different asset types
- Knowledge around important properties for different asset types –
Reinvestment method for Mutual funds, lot size, smallest tradable
denomination etc.
- Knowledge of how different assets are priced
*10. Fees Processing*
- Fee Categories, Fee Types, different Fee basis
- Set up, maintain and application of packages
- Concept of Qualifiers
- Booking & accounting treatment of each fee
- Knowledge of market practices
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*Thanks & Regards*
*Anna Jones*
*TWO**95* International Inc.,
Phone: 856-673-0304, Fax: 856-494-1988, E-mail: [email protected]
Website: www.two95intl.com
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