Manager - OTC Collateral & Settlements - Banking

DO:

- People Management (Should be able to guide & be a mentor to the team)

- Provide application/process & product knowledge to new hires

- Ensure that all Collateral Calls are attended on timely manner.

- Ensure that all collateral payments/receipts, cashflows are settled accurately & on timely manner.

- Attend weekly collateral calls and cash break calls.

- Ensure all ISDA/ MCA are in place for all new counterparties & updated in Collateral system.

- Understanding CSA terms and Standard Settlement Instructions and approving in the system.

- Assist in resolving disputed calls which are escalated by AM.

- Resolution of queries raised by the team / AM.

- Interacting with UK/US colleagues for process improvement and to plug the gaps in the process.

- Manage expectation & provide resolution by interacting with clients and counterparties

- Timely escalation of critical issues to senior management.

- Identify enhancement in the application used & should be able to draft BRDs and review

- Should be able to draft test cases of testing application for any new functionality introduced.

- Contributing towards Efficiencies and Productivity, identifying & documenting exceptional process

- Should set goals and be able to provide feedback to the team on their performance.

- Maintain Client satisfaction & able to analyze Risk for any client specific requirement

- Should be able to work under pressure situation

- Any other responsibility from time to time

DISPLAY:

Essential

- Qualification of Post Graduate experience with 7-10 years or Graduate with relevant collateral experience of 8-12 yrs

- Excellent derivatives product understanding such as options, Swaps, IRS, CDS, Collateral

- Should have handle team of atleast 4-5 people

- Good written / oral communication / Interpersonal skills & presentation skills

- Proactive in taking additional responsibilities

- Analytical Skills and Team Player

- Learning ability, general awareness of industry changes in collateral management process

- Client orientation

- Good understanding of MS Excel, PowerPoint

- Experience in dealing with Senior Management

DELIVER:

- Ensure all potential calls are sent to counterparty before the stipulated cut off & all pay calls are attended.

- Ensure all month end cash recs are reviewed and completed before the stipulated cut off

- Ensure at any given day there are no breaks outstanding for more than 3 days

- Ensure that CSA and Standard Settlement instructions are correctly updated and approved in the system.

- Maintaining balance in work allocation

- Minimum review comments on drafted BRD

- Ensuring projects getting completed within the timeframe.

- To work closely with the team to ensure Client SLA are met

- Should be able to provide resolution to the client in terms of any issues escalated.

- Ensure Zero escalation to be maintained for his team in Client Confidentiality Breaches.

- Ensure client's confidentiality is maintained at all levels written and verbal by the team and its criticality is understood by the team.

- Understand client's requirements & interest. Evaluate its Risk and communicate to the management.

- Ensure all the processes are audit compliant with Nil breaches recorded during the audit review

- Prepares & Reviews exception documents and obtain approval from the Exception Committee and BRD for development requirements.

- Should be able to identify the Gaps in the process and should be able to fix these Gaps

- Informative Sessions to be conducted which will upgrade the knowledge levels of the team

- Should be able to identify the Gaps in the process and should be able to fix these Gaps.

- Monitoring & Reviewing of MIS