UST is Hiring for Associate

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Job Details

  1. Company: UST
  2. Job Position: Associate I – Custodian Onboarding
  3. Job Title Mentioned in Description: Jr Analyst – Custodian Onboarding
  4. Location: Chennai, Tamil Nadu
  5. Job ID: 65505
  6. Experience Required: 1–2 years
  7. Openings: 1
  8. Qualification: Not specified in the job description
  9. Salary: Estimated ₹3 LPA–₹6 LPA, depending on relevant experience, financial operations knowledge, and the company’s compensation structure

Job Overview

UST is hiring an Associate I – Custodian Onboarding professional for its Chennai location. The role focuses on opening and maintaining custodian accounts, managing settlement instructions, supporting trade settlements, and ensuring client accounts are ready for trading. Candidates will work with financial operations processes and tools such as DTCC and SWIFT while coordinating with internal teams to resolve issues and meet deadlines. Applicants with 1–2 years of experience in custodian onboarding, account opening, trade operations, or asset management will be well suited for this opportunity.

Key Responsibilities

  1. Complete custodian account opening documentation accurately.
  2. Manage custodian standing instructions for repatriation of non-base currencies.
  3. Update and maintain Standing Settlement Instructions (SSIs) in DTCC.
  4. Open custody markets for clients and client funds.
  5. Handle documentation requirements for complex markets.
  6. Set up third-party accounts for CFD and loan accounts.
  7. Maintain broker-related macros to support trade settlement.
  8. Monitor Indian trading accounts and manage FPI licence renewals.
  9. Verify market account validity before trading activities.
  10. Set up Wall Street Office to support loan trading.
  11. Configure Triana to facilitate CFD trading.
  12. Support projects involving Global Custodian Direct implementation.
  13. Coordinate with existing and new custodians during implementation.
  14. Identify operational issues and escalate them to the team leader promptly.
  15. Maintain accurate records while meeting internal and external deadlines.
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Eligibility Criteria

  1. Candidates should have 1–2 years of experience in custodian onboarding or custodian account opening.
  2. Experience in trade operations and settlement processes is preferred.
  3. Knowledge of Standing Settlement Instructions (SSIs) and DTCC is beneficial.
  4. Understanding of SWIFT messaging and financial transaction processes is preferred.
  5. Experience working in an asset management company or a similar financial services organization is an advantage.
  6. Candidates should understand the risks associated with onboarding derivative product clients.
  7. Applicants should be comfortable working in a fast-paced operations environment.
  8. Candidates must be able to manage multiple tasks while meeting deadlines.

Required Skills

  1. Trade operations and settlement knowledge.
  2. Custodian account opening and onboarding.
  3. Standing Settlement Instruction (SSI) management.
  4. Knowledge of DTCC and SWIFT.
  5. Understanding of custody markets and client fund accounts.
  6. Knowledge of CFD and loan account setup processes.
  7. Strong attention to detail and accuracy.
  8. Good analytical and problem-solving abilities.
  9. Effective time management and organizational skills.
  10. Ability to prioritize multiple tasks and manage workloads efficiently.
  11. Good communication and teamwork skills.
  12. Ability to identify risks and resolve operational issues.
  13. Willingness to learn new processes and systems quickly.
  14. Ability to work independently while keeping the team manager informed.
  15. A client-focused approach to onboarding and offboarding activities.

Why Join UST?

  1. Career Development: Gain experience in financial operations, custodian onboarding, and trade settlement.
  2. Global Exposure: Work for a company serving organizations across multiple countries.
  3. Skill Development: Improve your knowledge of financial systems, DTCC, SWIFT, and settlement processes.
  4. Collaborative Culture: Work with colleagues in a team-oriented environment.
  5. Learning Opportunities: Build expertise in client onboarding, custody services, and derivative products.
  6. Inclusive Workplace: Be part of an organization that promotes diversity and equal employment opportunities.
  7. Purpose-Driven Culture: Work in an environment that values humility, humanity, integrity, and innovation.
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