Derivative Operations provides operational support across CIB covering key product areas including FX, OTC Derivatives, Principal Collateral, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS.
As an Associate in Collateral Operations, you will be responsible for Portfolio Reconciliation, Margin call management, Regulatory adherence for all upcoming regulations, cross LOBs metrics and projects. Additionally, you will be building the culture of continuous improvement supporting business across Back Office, Middle offices as well as Global teams. You will be interacting with multiple Operations & Technology teams within the organization to provide business support.
Job Responsibilities
- Manage Portfolio Reconciliation and Collateral Dispute.
- Manage daily Margin Exchange - Same day Settlement and Exception management.
- Perform supervisory controls around Collateral exposure.
- Supervise MTM breaks including data quality and strategic projects. Partner with Middle Offices, Credit risk, VCG, etc.
- Focus on deep dive and fixing on upstream issues to keep the breaks to minimum.
- Play a key role in regulatory compliance CFTC, EMIR, NCMR, etc.
- Improve controls in the process & ensure 100% accuracy and compliance to Regulatory rules.
- Manage any new analysis requirements across multiple stakeholders. Provide regular update to senior management on BAU, projects, etc.
- Supervise UAT testing. Manage strategic automation projects.
Required qualifications, capabilities and skills
- CA/ MBA with at least 6 years / Graduate or Post-Graduate with at least 8 years’ experience in operations.
- Familiarity with a global bank's process & operational environment including management and external reporting is a must. Strong business knowledge i.e. Investment Banking, including OTC product, process and system knowledge.
- Ability to think and act strategically: Deal with day-to-day issues as well as planning and executing projects / initiatives, ensuring the team's activities support Operations in attaining its strategic goals, excellent attention to detail, and an ability to know when a deep-dive approach is appropriate.
- Ability to drive results through a "hands-on" approach.
- Skilled in identifying talent, recruiting, coaching, mentoring, and developing team members
- Ability to manage a team of high achievers with diverse experience and skill sets. Successful in team environments with matrix reporting structures.
- Excellent verbal and written communication skills, and adapt at communicating with all levels of the business and technical parts of the organization.
- Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, Access and Project.
- Can operate effectively in a dynamic environment with tight deadlines, and can prioritize one's own and team’s work to achieve them.
- Flexibility to work global hours and willing to travel globally, if needed.
Preferred qualifications, capabilities and skills
- Knowledge on CFTC, EMIR, NCMR regulations preferable.
- Experience on OTC Confirmations, Collateral Management and Reconciliation platforms will be an advantage.
