AVP/Manager - OTC Pre Settlements - BFSI

Manage the OTC Settlements Pre settlements team which provides confirmation prematching, settlements and post settlement support to the Derivative products products e.g. Rates, Credit, Options Swaps, etc. business across the globe. The scope of work for the team includes confirmations, settlements monitoring & post settlement activities like fails management, breaks investigation & resolution across Asia, Europe and American markets. Considering the team is a global hub for settlements, the role demands the candidate to lead projects and interact with global teams with a view to provide advisory services and also trouble shoot issues and escalations.

Role & Responsibilities:

Knowledge & Skills:

- Process Management: Provide functional leadership to the OTC Pre Settlements team in Mumbai including manpower planning, service delivery, operational risk/ loss mitigation, and ownership of all service delivery SLA's. Act as the local subject matter expert on functional aspects of the settlements process and be able to independently trouble shoot problems encountered during the settlement cycle.

- Process Improvements: Act as the change agent for processes owned in Mumbai and identify and implement strategic improvements/enhancements to systems and processes which ultimately drives material economic benefits to the firm and improves the control environment within the settlements function.

- People Management: Build, develop, and nurture the Mumbai settlements team into a best in class settlements outfit across the street. Uphold the people management practices and philosophies of the firm so that we retain our top talent and replace our non-performers.

- Product & Domain Knowledge: Participate and/or lead various strategic - Change the Bank- (CTB) initiatives relating to OTC Settlements and build the functional skills of the team and self. Continuously develop and keep abreast of latest developments with respect to OTC settlements market wide initiatives, like client clearing, penalty regimes, affirmation and confirmation process.

Knowledge & Skills:

- People management skills

- Fostering a culture of relationship management with various cross functional regional teams

- Analytical skills and an eye for detail

- Proven track record for managing change projects

- Understanding risk and controls, legal and compliance requirements

- Top notch communication skills

- Complete understanding of Front to Bank trade life cycle and associated risk

- In-depth understanding of CLS settlements/Marketwire and associated controls and risks

- In-depth knowledge of settlements across product classes and markets

- Knowledge of regulatory requirements impacting settlements and confirmation will be an added advantage