Associate/Manager - OTC Derivatives Confirmations - Global Investment Bank

Company: Global Investment Bank

Location: Mumbai

Designation: Associate / Manager

Years of Experience: 7-12 years

About the Role:

The OTC Derivatives Confirmations group is responsible for the Affirmation, Drafting, Chasing, Indexing and Execution of Confirmations arising from the OTC trading of financial derivatives, in line with International Swaps and Derivatives Association (ISDA) regulations. The group aims to execute confirmations in line with the FED Targets to minimise firm operational risk for all open trades.

The group covers both Structured and Vanilla trading volumes across Equities, Fixed Income and Credit for Europe and Japan.

Job Description:

1. Govern daily tasks/ processes

2. Drafting, Reviewing, Verification of trade queues and Validation of daily trade feeds

3. Assist in publishing daily/ weekly/ monthly MIS in time

4. Maintaining Green KRIs/ FED targets

5. Review & strengthen controls for the processes

6. Building relationships with businesses and counterparties to ensure that there is effective escalation

7. Ensuring timely escalations within the Operations groups and Middle Offices to ensure prompt resolution of exceptions

8. Understand needs and sensitivities of internal and external clients and proactively ensures these are met

9. Ensure iCheck List is updated for all daily tasks performed

10. The candidate should have a good working knowledge of Vanilla Options, Exotic options and Structured products

11. Knowledge around derivatives products and market terminologies

12. Conversant with ISDA standards & definitions