Payables and Receivables Team is responsible for collecting/paying funds on the post settlements period once Bloomberg updates the Coupon/Factor and becomes final. The difference between the actual settlement amount of the trade in question and the amount that Bloomberg states needs to be wired/SPO vs the counterparty. 

Key Operational Areas:

In Buenos Aires the Payables and Receivables team is responsible for:

Oral and written communication with external and internal clients to get the trades in line. Pay/Receive SPO (Security Payment order) or via Wire due to factor/coupon updates, also cash differences after there are cxl and Rbl Trades. Daily review of cash reconciliation– Responsible for reviewing cash breaks daily basis. Bloomberg tool is used in order to take decisions.

 

Skill Development/required skills (Analyst):

Advanced written and oral English skills (used on daily basis with US Management and US counterparties) Proficient in Microsoft tools Problem-solving skills, facilitate the understanding of the problem and possible solutions. Client/customer focus: Be able to assist internal clients and prioritize queries Team player Attention to details Ability to effectively prioritize workloads and work to critical deadlines while maintaining accuracy and quality Able to quickly adapt to different scenarios as per the internal client requirements, industry changes and procedures Able to deal with deadlines to meet the daily cut offs.