Tower Research Capital, a prominent trading firm, is currently hiring for the role of Associate Clearing & Operations across India. Candidates interested in this position should hold at least a bachelor’s or master’s degree and possess 1 to 5 years of relevant experience. As an Associate in Clearing & Operations at Tower Research Capital, individuals will play a crucial role in ensuring smooth and efficient operations within the firm’s trading activities. Responsibilities may include managing clearing and settlement processes, reconciling trades, and collaborating with various teams to streamline operational workflows.
Company Name: Tower Research Capital
Job Role: Associate Clearing & Operations
Education Required: A degree or masters
Experience Required: 1 to 5 years
Job Location: Across India
Role and Responsibilities:
- Daily trade and process monitoring, as well as PNL reporting; ad-hoc exception handling and query management.
- Affirmation of trades, minimizing operational risk and maximizing straight through processing
- Daily reconciliation of position, trades, cash, NAV, and fees.
- Supporting clearing and settlement processes across multiple asset classes: Equity, Fixed Income, Derivatives, FX, and Commodities.
- Investigation of breaks raised by trading desks, other departments, and counterparties.
- Assisting in automation efforts and process improvements.
- Liaising with Prime Brokers and service vendors for troubleshooting and improvements
- Owning and resolving specific inquiries and ensure timely resolution.
- Participating in local & global operations, audit, and valuation projects.
Required Skills and Qualification:
- A degree in Finance, Economics, Computer Science, or other related fields.
- Mastery of financial concepts with direct experience working with global markets.
- 1 to 5 years of experience in trade support or post trade operations at a Brokerage, Asset Manager, Investment Bank, or Proprietary Trading Firm.
- DevOps experience is beneficial.
- Aptitude and desire to learn new things and quickly adapt.
- Great analytical and communication skills.
- High level MS Excel knowledge is a must: Comfortable with Look-ups, Pivot Tables, and Conditional Statements.
- Interest in post trade infrastructure.
- Ability to work with large scale data reconciliations is a must.
- Python or SQL experience a plus.
- A masters in Finance or a CFA/Certification in Finance would be an added advantage.
