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19/07 Gowthami
People Manager at Live Connections

Views:140 Applications:13 Rec. Actions:Recruiter Actions:8

Manager - OTC Confirmations - BFSI (10-13 yrs)

Bangalore Job Code: 1290078

Hiring for Manager OTC Confirmations with BFSI Client

Location: Bangalore

Shift: 5:30pm - 2:30am/4:30 pm - 1:30am

- Strong comms skills, good domain knowledge, derivatives, FX, equities, interest rates, draft confirmations, aware - ISDA Drafts, working on risk controls, paper drafts,

- Team Management is Must

Roles:

- Supervise the team working on Derivative confirmations and support the team on BAU

- Take complete responsibility of monitoring daily functions of Derivatives Confirmation process

- Identify and recommend opportunities for process improvement and risk control development

- Collaborate with all business partners and various departments, create efficiencies and mitigate risk for team and organization

- Make daily supervisory decisions for team of analysts and resolve issues related to team supervision, work allocation and daily operations

- Leverage interpretation of policies, procedures and compliance requirements

- Lead team to achieve objectives and strategy

Responsibilities:

- Ensure the process of reviewing Confirmation and matching are completed on timely basis

- Escalate in a timely manner within the Operations group and Front office to ensure prompt resolution of exceptions/disputes

- Responsible for minimizing financial losses by identifying and resolving trade capture errors, reconciling trade activity between system of record and any trade-related documentation, and ensuring all economic terms and necessary protective and fallback clauses are confirmed

- Serve as liaison with all lines of business, internal legal and compliance departments in order to ensure transaction information is correct and complete.

- Responsible for supporting U.S. securities or over the counter (OTC) derivatives transactions

- Continue to be aware of and aid the team's compliance with regulatory, tax-related, and asset class-specific market developments by, among other activities, attending and participating in internal and ISDA-organized working groups

- Regularly seek opportunities to improve processes, controls, and procedures to improve efficiencies, deepen the team's understanding of products, and mitigate risk

- Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing

- Partner with Technology to identify/ resolve system issues, and implements system enhancements to increase efficiency

- Display sound working knowledge around derivatives products, terminologies and trade life cycle

- Acquainted with ISDA standards & definitions

- Ensure all high-risk items are flagged off to the management on timely basis and the escalation matrix is followed

- Swiftly Identify potential risks in operational processes; develops and implements controls to mitigate related risk

- Display strong analytical skills to improve workflow to increase operational efficiency

- Organize the work of the team, assigns task, sets short-term priorities, monitors all activities and ensure timely and accurate completion of the work

- Periodically reviews the procedure documents and check list

- Ensure all client queries/disputes are solved within defined timelines

- Understands needs and sensitivities of internal and external clients and proactively ensuring these are met

- Builds relationship with businesses and counterparties to ensure effective escalation and timely resolutions.

Essential Qualifications:

- MBA or an advanced degree (or equivalent exp.)

- 10+ years of experience in Inbound(preference) and Outbound OTC Derivative Confirmation including min 3 years into Team Handling

- Strong interpersonal and influencing skills, with the ability to build strong partnership with business stakeholders and other support functions

- Strong organizational and project management skills with demonstrated ability to manage expectations and deliver on commitments.

Desired Qualifications:

- Experience of working across one or more geographic territories or regions.

- Must be a good team player with a high degree of flexibility, prepared to work in a deadline-driven and fast-paced environment

- Experience of working with senior leaders cutting across Technology, Operations and Strategy functions is an added advantage

Knowledge and Skills:

- Understands Derivatives trade life cycle and associated functions

- Good understanding on Calypso, Endur, Pega and other industry standard applications

- ISDA definitions

- Excellent internal/external client handling skills

If interested and suitable please reach out to 8297701110

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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