Management Trainee - Clearing & Settlement Risk - BFSI

Role Title : Management Trainee- Clearing and Settlement Risk

Function : Clearing and Settlement

Reports to : Functionally MT Clearing and Settlement Risk

Reports to : Administratively MT Clearing and Settlement Risk

Purpose of the role :

Key Responsibilities :

Descriptive Parameters :

Pre market open operations :

- Examine utilization of members, analyse member risks and make calls to clarify to maintain adequate collateral for members.

- Check all systems and prepare environment for members to ensure that trades can be made and obligations fulfilled.

- Facilitate movement of collateral and initiate action i.e. disable or enable member access.

Online intraday monitoring :

- Track member activity and access permissions throughout the day and check for deviations so as to ensure compliance.

- Check utilization and reset risk parameters of members according to SEBI norms and guidelines

- On T+2 day release all margins for settled obligations.

- Process and impose penalties on members for both CDS and Equity derivatives in case of deviations from stipulations. Compute all member margins for internal compliance and records.

- Track market operations to protect from risk by controlling margins. Track and calculate new margins based on price changes to ensure member's compliance.

- Understand high risk members through tracking their utilization for internal regulation requirements.

Post market - Closure Operations :

- Compute all margins so as to set risk parameters and ensure compliance.

- Facilitate report download to members through the extranet.

Reports :

- Provide reports / data to external agencies i.e. regulators in order to ensure compliance to regulatory stipulations.

Note : Additional responsibilities may be added from time to time depending on organisational requirements.

Role Description for : Management Trainee - Clearing and Settlement Risk

- Provide proactive support to the function in risk-management activities, collaterals administration and initiation of actions on members wherever required. Adhere to stipulated regulations for compliance and safety of investors.

Key attributes of the role :

Revenue (range) -

Direct/Indirect - None

Range - 0

Budget (range) -

Approver/User - None

Range - 0

Number of people managed : NA

Performance Measures :

Customer measures :

Feedback score from members through talisman - 3

Internal Processes measures : Adherence to all SLAS and timelines - 4.

Learning and growth measures : Number of training hrs - 2

Collaboration - Internal & External

- Internal Stakeholder

- External Stakeholders

- Screening committee

- Listed companies - senior management

- IISL

- NACCL

- Merchant Bankers

- Trading

- Other exchanges - BSE

- HODS

- Screening sub committee

- Listing and membership

- IT

Role Holder Requirements :

Educational Qualifications :

Essential : CA/ MBA Finance Degree

Desired : NA

Role Requirements :

- Understanding of the financial and capital markets.

Experience :

Essential : 1 - 3 years experience in the Finance sector with BFSI or BPO arm of Financial organisations.

Desired : Experience with institutional brokers

Competencies required for the role :

Behavioral competencies :

- Desired rating

Functional Competencies :

- Desired Rating

- Business acumen

- Domain Knowledge

- Living the values

- Interpretation and adherence to Statutory Requirements

- Process orientation

- Managing Work processes

- Managing relationships

- Usage of Software Application & Tools

- Innovation & Improvement

- Product / Segment Knowledge

- Teamwork