Assistant Manager

Job Description:

Performing trade validation / settlement of derivative transactions, F&O (Futures / Options) & OTC clearing and Margin trading, along with related control and reporting activities.

Job Responsibilities:

• Reconciliation of all product related balances.
• Collateral management: Monitoring of customer mark to market exposure against underlying document threshold and ensuring required collateral is settled.
• Preparation of various reports to different stakeholders including market risk, finance, treasury division..etc
• Arrange with internal teams on account setup, funding, segregation of Margin based on which leverage is provided as per documentation for Margin Trading.
• Trade validation of all OTC derivative products and to ensure accurate details are captured in the treasury system.
• Derivative product settlements through the life cycle of the trades to be tracked and settled.
• Good product knowledge on all core derivative instruments and on the various asset classes like equity, fx, interest rate, commodity..etc
• Ensure all required derivative documentation are in place.
• Adherence to Islamic product workflow and documentation.
• F&O (Futures & Options) clearing activities are performed as per the operational procedures.
• OTC derivative clearing related activities to be performed.
• Margin trading operational requirements around customer account setup, transfer of funds for trading and reconciliation to be performed as required.
• Monitoring of limits on Margin trading and reporting to front office for resolution.
• Monitoring of Proprietary trading limits and reporting any breaches to management, Treasury and Market Risk.
• Actively participate and deliver key treasury related projects and system upgrades.
• Focus on identifying areas for digitization and opportunities for automation.

Job Requirements:

• Certification in the financial markets is an added advantage.
• Good team player with good interpersonal and communication skills
• Analytical ability and good understanding of the product workflow is required to investigate any reconciliation differences and to resolve it.
• Limit breaches on P&L and other parameters assigned in the market risk policies to be highlighted as required and resolved.
• Documentation exceptions to be closely tracked and closed.
• Graduate from a reputed University.
• Good understanding of all the primary OTC & Exchange derivative products.
• Experience of 5 –6 years in a reputed bank in similar position.
• Prior experience of working on a treasury system.