[ Night Shift ]
Responsibilities-
1. Responsible to manage a dynamic group of professionals across various function supporting Collateral Management group.
2. Engage in new product review meetings for Collateral management discussions for onboarding of new clients.
3. Optimize Collateral value through monitoring and re-hypothecation of securities/bonds, thereby reducing cost of collateral for the bank.
4. Create process efficiencies through innovation and improvements. Deliver business value to customers and internal partners.
5. Risk mitigation by raising self identified audit issue for process gaps
6. Complete Process Control Standards by responding to global questionnaire on expected controls within process. Evidencing of controls and closure of open issues.
7. Engage in Global Corporate Audit for the process, review checklist and ensure all process documentation, procedures and data is available for auditors. Work closely with Global teams for audit compliance and take required action on audit observations.
8. Monitor Swing Report and Collateral feeds for impacted counterparties
9. Design solutions for non-standard processes, client requirement and reporting.
10. Complete monthly Risk scorecard for the process
11. Take lead and partner with business for Global change initiatives, regulatory compliance efforts and strategic infrastructure projects. Ensure team preparedness, training, UAT and seamless go-live implementation.
12. Manage new process migrations and ramp-up of existing processes. Ensure all required project migration documents, technology scope, training plan and process procedures, approvals etc are in place.
13. Review aged investigations cases and be the point of contact for escalating to business, front office or clients as required
14. Co-ordinate BCP efforts with sister site and onshore partners to meet bank standards for satisfactory BCP result
15. Manage process issues and escalations with root cause analysis and remediation plan
16. Prepare agenda for weekly calls with business partners. Take ownership on the call and lead discussions on process issues and updates. Ask relevant questions and contribute to the business forum.
17. Verify margins cash flow, back-up documentation and release/approve cash movements in the system
18. Exceptions management - work with the team to resolve cash and security breaks pertaining to Collateral movement
19. High priority clients need to be reviewed on a daily basis for their margin calls and get required approvals from Credit Risk/Collateral Sr management for making adjustments to pay-out.
20. Supervise and monitor process MISCOs and associate/FLM task trackers daily for completion
21. Talent and succession planning for key associates to promote career growth and employee development
22. Resource management and hiring of associates as per business requirement
23. Monthly metrics and scorecard reporting along with process commentary for highlights, challenges and focus items
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