Reconciliations - Manager Operations

Disha HR Services Pvt. Ltd
  • Mumbai
  • Confidential
  • 8-12 years
  • 27 May 2016

  • Operations, Finance/ Accounts

  • Investment Banking, Financial Services/ Capital Markets
Job Description

Bachelors or higher degree or equivalent in computer science

Primary Tasks:

Handle a team of around 10 members who will be responsible for OTC position reconciliation (Clients vs Street & Clients vs. Manager) for daily/weekly/monthly position reconciliation for OTC portfolio for European clients Investigating, resolving discrepancies by liaising with Clients Counterparties & Trading advisors Handling internal/external audit queries on reconciliations Providing ad hoc reports to client on counterparty valuations & their OTC positions
Using systems like Kondor+, markit, swapswire, Icelink to check the trade details and verify the trades existence, Liaising with valuations, collateral, fund accounting and operations team to make sure NAV is finalized on time.
Handling the most voluminous and critical clients on our platform who trades in the wide variety of OTC instruments like, Credit default swaps, Total return swaps, Asset swap, Caps & floors, Equity swaps, Equity OTC options, Interest rate swap, Basis swap, Inflation swap, Cross currency swap, Fx otc option, Swaption, Fx forwards, Fx swaps and many more.
Monitoring MIS & KRI to make sure internal controls are adequate, SLA are meeting regularly or identify the additional requirement in processes or in the systems.
Leading relevant process projects like automation of statement via FTP, from business side which involves activities like preparing BRD for requirements, scheduling calls with developers, preparing project plan, making sure the UAT is done on time, preparing test cases & evaluating requirements of enhancements and MIS.
Actively participating in the team who is responsible to look after launching Central Clearing in OTC from Reconciliation perspective
Taking initiative in the exception committee for Reconciliation process where any non-standard processes are investigated, procedure document is prepared and is being sent to global directors for their approvals.
Handling a team of members who are responsible to settle cashflows on OTC trades
Presettle trades with Counterparties and Prime Brokers and obtaining their confirmation. In case of any discrepancies investigate with internal teams as well as Clients/Trading Advisors in case of MAP accounts.
Should be able to work under pressure situation
People Management (Should be able guide & be a mentor to the team)
Provide application/process & product knowledge to new hires
Interacting with UK/US colleagues for process improvement and to plug the gaps in the process

Expertise in Reconciliations
Experience in OTC Derivatives Reconciliations
Working in Investment banking operations

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Disha HR Services Pvt. Ltd