We are seeking an experienced Fixed Income Specialist to join our team in Bangalore. As a key member of our Operations & Middle Office department, you will be responsible for managing Fixed Income reconciliations, fails management, and TMPG claims. The ideal candidate will have strong product knowledge across fixed income securities, a solid understanding of settlement and post-settlement activities, and the ability to work with internal teams, counterparties, custodians, and agent banks to resolve breaks and aged fails efficiently.
\nKey Responsibilities: Perform daily fixed income reconciliations across cash, positions, and settlements. Investigate and resolve trade, position, and cash breaks within agreed timelines. Manage fails monitoring and ensure timely follow-up with brokers, custodians, and internal teams. Handle TMPG claims end to end, including identification, calculation validation, dispute handling, and settlement tracking. Review aged fails and drive resolution through escalation where required. Liaise with Front Office, Middle Office, Settlements, Operations Control, counterparties, and agent banks for break resolution. Ensure accurate reporting of fails, aged breaks, TMPG exposure, and reconciliation status to management. Monitor and validate daily files, statements, and broker reports used for reconciliation and fails management. Identify root causes of recurring issues and recommend process improvements. Support BCP testing, audit queries, process reviews, and control governance activities. Prepare and maintain SOPs, checklists, and process documentation. Mentor junior team members and support cross-training within the team.
\nRequired Experience: 6–10 years of relevant experience in Fixed Income Operations / Reconciliation / Fails Management. Strong hands-on experience in Fixed Income products, including bonds, treasuries, agencies, repos, and related settlements. Good understanding of fails management lifecycle and settlement controls. Hands-on experience in handling TMPG claims and market claims processes. Experience in investigating cash and position breaks across multiple systems and broker statements. Strong knowledge of trade lifecycle, settlement flows, and post-settlement operations.
\nRequired Skills: Strong knowledge of Fixed Income reconciliation and settlement processes. Good understanding of TMPG guidelines and claims methodology. Experience in fails reporting, claim calculation review, and dispute resolution. Strong analytical and problem-solving skills. Ability to manage high volumes and work under tight deadlines. Excellent stakeholder management and communication skills. Strong control mindset with attention to detail. Good Excel skills for data analysis and reporting.
\nPreferred Systems Knowledge: TLM / Gresham / TriResolve Murex / Omega / Bloomberg Custodian and broker reporting platforms Excel-based reporting / automation tools
\nKey Competencies: End-to-end process ownership Risk and control awareness Escalation management Stakeholder collaboration Team mentoring and leadership support Process improvement mindset
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