Job Description

Derivative Operations provides operational support across the CIB covering eight key product areas including Foreign Exchange, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with 1,900 employees. Services provided to our Businesses include: Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing 200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing 9,000 invoices OTC Derivatives Operations supports a global and diverse client base. Primary functions performed: affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, and tax reporting. Facilitate transaction execution via a \'best in class\' systematic control framework, providing integration between risk systems (Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead). Person will be responsible for Margin calls management, Regulatory adherence to NCMR regulations, Portfolio Reconciliation and Disputes Management, Post Trade Transformation project for client valuation, cross LOBs metrics and other BAU projects and building the culture of Continuous Improvement supporting business across Back Office, Middle offices as well as Global teams. The individual will be interacting with multiple Operations & technology teams within the organization to (re)design process. Summary of Responsibilities Client valuation daily statement issuance and manage client queries Daily Margin Exchange - Same day settlement/Exception management Supervisory controls around collateral exposure management.Continuous Focus on deep dive and fixing on upstream issues to keep the breaks to minimum. Resolving Breaks with Middle Offices/Credit risk Key role in regulatory compliance &UAT testing Improving controls in the process & ensure 100% accuracy and compliance to Regulatory rules Manage any new analysis requirements across multiple stakeholders.Regular update to senior management on BAU, projects etc Stakeholder Management,Strategic automation projects, Collateral Dispute Management Skills and Qualifications CA/ MBA with 8-9 years / Graduate or Post-Graduate with 8-12 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 manage a team of high achievers with diverse experience and skill sets. Successful in team environments with matrix reporting structures Skilled in identifying talent, recruiting, coaching, mentoring, and developing team members Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, Access and Project Experience on Collateral/Client Valuations/Confirmations/Portfolio Reconciliation/Exposure to Tri optima will be an advantage. 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.

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