Manager - OTC Confirmations - BFSI

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