The Brokerage Control department is responsible for the control and payment of brokerage invoices for Investment Bank (IB) Markets products. Products such as:  Cash Equities , Equity Futures & Options ,  Convertible Bonds & Interest Rate Swaps  .The department provides a critical control function covering such aspects as reconciliation and reporting of all brokerage fees from the allocation of brokerage at a trader level through to the accurate accounting and payment. The reconciliation process includes validation of broker deals to the Bank's product systems. Collation of critical MIS and analysis of these statistics to assist Business management with broker rates negotiation.  Currently control approximately 80 broker accounts on a global basis.

Description of Responsibilities

 *   He/she should maintain solid product knowledge of the contracts traded on the global Futures and options exchanges.
 *   Ensure Team's accuracy and timeliness in day to day BAU processing.
 *   All queries or issues are dealt with appropriately and escalated to the Management when necessary
 *   Processes are reviewed regularly and where possible make suggestions for greater efficiency
 *   Liasioning with Support groups like Client Services, Exchange Interface, Funding team, Controls team, etc.
 *   Ensure all activities are performed in a controlled manner
 *   He/she is capable of participating with the IT development dept, in the implementations of new technology requirements and Mainframe system Releases
 *   Researching on any queries/ requests sent by the Business Partners / Client Support Teams and replying to the same with minimum response time.
 *   Updating of MIS / KPI on a daily/ weekly/ monthly basis for Management Review.
 *   Ensure Quality Control standards that have been set for all processes that are carried out in the team.
 *   Ability to work under pressure and high volumes.
 *   Self-motivated and flexible with working hours.
 *   Ability to motivate the team and getting work done.