Team Leader

RIverForest Connections Private Limited
  • Mumbai
  • Confidential
  • 7-12 years
  • Views
  • 22 Feb 2018

  • Customer Service

  • Banking - Retail
Job Description

PURPOSE OF THE JOB To support Collateralised Agreements managed within Collateral Management Operations, both for derivative security lending and repo activity for Third Party Clients. The Third Party Collateral Management Group processes the Net Present Value of the portfolio of trades between its clients and its counterparties on a daily (or as specified) basis and ensure that this exposure is sufficiently collateralised. Our team interacts closely with Traders, Marketers, Legal, Credit and Operations. The collateralised portfolios consist of practically all products traded within Capital Markets, including OTC Fixed Income and Equity Derivatives, Swaps, Repos, FX, Credit Derivatives, FRAs, CAPs, Swaptions Commodities and Exotics. The process requires comparison of exposures with the value of the assets pledged, in accordance with the parameters specified in the legal agreement. Changes in the portfolio PV (due to market price fluctuations, or new / matured trades) will generate changes in the required collateral balance. The collateral teams will call for or post additional collateral funds depending on the direction of movement of the PV of the trade portfolio relative to collateral pledged. This daily margin call process ensures that at all times, the Bank and the counterparties remain as protected as possible from excessive credit risk exposure, and hence can minimise the amount of regulatory capital set aside against credit risk. THE JOB Third Party Collateral Management Operations 1. Responsible for ensuring the effective management of the below activities within their team i) Performing Data Integrity of all the feeds on a daily basis and highlighting/escalating wherever required. ii) Performing Data Quality analysis prior to issuing margin calls. iii) Margin Call issuance and responding to incoming margin calls. iv) Dispute resolution through reconciliation. v) Monthly interest settlements. vi) Perform and respond to control reporting to ensure effective break/ fails and exception management. 2. Point of escalation for client queries, break and fails resolution. 3. Providing transparency to your manager with the daily updates for the team. 4. Work closely with other Team leads/Managers in third Party Collateral Operations to perform effective capacity management and ensure Operational processes remain consistent between regions. Qualifications Product knowledge of derivative products and/or repos A minimum of 5 years experience within Investment Bank Operations. Previous experience in Collateral Management or Derivative Middle offices is highly desirable. Communication skills Required for an effective liaison across multiple stakeholders. Time Management Ability to prioritize effectively based on the risk / time criticality of the tasks required. Innovation Looking at way to improve processes to minimize risk / increase efficiency Experience of ISDA /GMRA documentation is beneficial. Strong Excel / Access skills are beneficial.


Competencies/Skill sets for this job

Collateral Management Middle Office Margin Call Trioptima

Job Posted By

Kavita Shermon
Associate Director