Manager - Derivative Collateral - Portfolio Reconciliation - Investment Banking

Openings for Manager (Sup) - Derivative collateral, Portfolio Reconciliation

One of our leading Investment banking clients in Gurgaon is looking for Manager role who has strong work experience in Derivative collateral and Portfolio Reconciliation.

Designation: Manager (Sup)

Experience: 10 - 12 Years

Skillset : Derivative collateral and Portfolio Reconciliation, strong in People Management

Location: Gurgaon

Shift : UK Shift

Job Description:

The Portfolio Reconciliation (PR) function is designed to mitigate credit risk and operational risk associated with Global Markets non-cleared derivative trading activity. In addition to the departments core competency of performing proactive portfolio reconciliation with both institutional and buy side clients, the department is also responsible for ensuring compliance with various aspects of CFTC and EMIR regulatory requirements concerning portfolio reconciliation. The group comprises three main functions:

i) client on-boarding

ii) reconciliation and break resolution

iii) dispute management.

A summary of each is contained in the figure below:

I. Reconciliations:

- Reconcile valuation and material terms trade data with the counterparty in compliance with the guidelines set forth by the CFTC and EMIR regulations. Confirm a match or identify a break.

- Research and identify the cause of the break.

- Work with the appropriate party to amend the break.

- Evidence the cause of the break and its resolution

II. Dispute Management:

- Manage and monitor dispute investigations and escalations, including liaising with Front-office, Middle-office, Credit and PVG stakeholders.

- Provide internal and regulatory dispute reports.

- Develop and analyze dispute metrics.

- Mature process for valuations; Material Terms process is in early stages across the industry

This Portfolio Reconciliation associate will be asked to but not exclusively perform:

- Perform reconciliation on TriResolve application (dispute/ Mandatory) for OTC Collateralized and Non-collateralized trades with counterparties across various asset class

- Match trades client portfolio and identify breaks/unmatched trades

- Work on same direction trades. Identify if we are booked correctly and update the report

- Enhance matched review

- Investigate & identify trades contributing Mark-to-market (MTM) Variances and collateral margin disputes

- Investigate Legal Entity Break trades and work with Trade Support and/or counterparty to amend trade & resolve the issue

- Reporting and escalation root cause analysis of outstanding items by age category.

- Review and identification of system and process enhancements to increase efficiency and reduce exposure.