AVP - OTC Confirmation

Position: AVP - OTC Confirmation.

Location: Mumbai.

Job Description:

- Run globally and focuses on the trading of all derivatives products across the asset class – this includes FX, Equity, Credit, Commodity, Interest Rate and Inflation Products and Option Derivatives.

- The core business is market make and support client trading across a diverse product range.

- Responsible for the Affirmation, Drafting, Chasing, Indexing and Execution of Confirmations arising from the OTC trading of financial derivatives, as per International Swaps and Derivatives Association (ISDA) regulations.

- Aims to execute confirmations in line with the FED Targets to minimize 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.

- Managing the OTC Confirmations (FID/ Equity & Inbound/ Outbound) supporting the Onshore locations businesses across EMEA, North America & ASIA

- Identifying and driving key initiatives to improve process efficiencies, strengthening controls and delivering productivity for the processes managed out of Mumbai and Globally.

- Delivering productivity saves to the business

- Driving an active people’s agenda to ensure that all staff are effectively engaged

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

- Maintaining Green KPIs/ Regulatory targets

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

- Drive for client satisfaction & quality of service

- Ensure iCheck List is updated for all daily tasks performed

Graduate/Post Graduate/ MBA (Finance) with minimum 7-9 yrs experience in Investment Banking Operation with OTC Confirmation (FID/ Equity & Inbound/ Outbound), preferably in Global Market Operations.

Product Knowledge:

- The candidate should have a good working knowledge of:-

- Rates & Credit: Swaps/FRA’s, Swaptions, Cap & Floor, CDS, CDO and Structured products

- Equity: Swaps, Options, Variance, Dividend and other Structured products

- He/ She should also have proven risk management experience

- Strong knowledge around derivatives products and market terminologies

- Conversant with ISDA standards & definitions

- He/ She should be familiar with DTCC, Swapswire functionality

Personal Skills:

- Leadership skills

- Excellent relationship-building and time management skills

- Ability to Identify and drive change

- Well-developed problem solving and decision-making aptitudes

- Results-orientated

- Control focused

- Demonstrate prioritization and ability to work under pressure

- Ability to present key issues to senior management

- Structured and logical thought process with sound analytical skills

- Self motivated with the ability to motivate others.

Contact Person:
John # 09871850591