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Team Leader

4 months ago


mumbai, India YES BANK Full time
JOB DESCRIPTION : TEAM LEADER – DERIVATIVES OPERATIONS
SECTION I: ROLE SUMMARY
The role holder is primarily responsible for managing/execution of Operations of Derivative Deals both for Mumbai & IBU location. Meeting end to end Unit deliverables and management expectations, in line with internal and external guidelines. Suggesting process improvements to bring more efficiency and mitigate risk and ensure adherence to regulations. Manage escalations for deviations, exceptions.
SECTION II: KEY RESPONSIBILITIES/ ACCOUNTABILITIES
Strategic/ Managerial Responsibilities
Ensure that high service quality is delivered to all Customers (External/Internal)
Ensure comprehensive compliance with all regulatory and statutory requirements as relevant for various product and service
Having abilities of effective team & stakeholder management
Core Responsibilities
Operations Management & Vendor Management
Thorough knowledge of all Derivative Products (Generic, structured, exotic) and its nuances.
Hands on experience of Processing of Derivative Deals along with deal conventions for all Generic, Structured, Exotic category
Knowledge of deal validation, CCIL reporting, Checking of Term Sheet / Reuters Conversation,
Well versed with all prevalent RBI guidelines pertaining to ISDA, CSA, RDS, PDS, BR Limits etc
Knowledge of processing derivative settlements – Both Gross & Net of Coupon, Principal, Amortization etc.
Knowledge of checking correctness of cashflow given by system.
Thorough knowledge of client classification and applicability of various derivative product for each type of client.
Knowledge of SWIFT operations, various MT messages and its relevance
Well versed with CCIL / LCH /, reporting mechanism and monitoring of reporting
Monitoring of overdue settlements and follow up for logical closure
Validating CCIL/Broker payments before final authorization for payment.
Validating, authorising settlement, and understanding Accounting of CSA Margin and periodical interest on it
Validating, authorising settlement and Accounting of Exchange Traded Derivatives
Understanding GL reconciliation of Contingent Accounts pertaining to Derivative products
Periodic tally of GLs owned by Derivative Desk
Keeping track & logically closure of outstanding reconciliation entries pertaining to Derivative Desk
Thorough with the accounting schema of Derivative Products
Ensures that all transactions are processed as per agreed SLAs/approved procedures and guidelines
Ensures nil operational losses/ revenue leakages.
Accepts responsibility and accountability for execution of all operational processes.
Ensures timely feedback on all process notes, flowcharts, checklist etc applicable to the desk
Reports to the reporting manager on any changes in the process followed or deviation from the standard process & if needed make relevant changes & obtain approvals
Ensures tracking and closure of open items related to the department and their logical closures
Ensures proper due diligence of new products & processes
Well versed with Regulatory reporting pertain to Derivative trade at treasury operation
Murex system knowledge will be added advantage
Audit & Compliance
Ensure timely and accurate submission of audit data
Tracking data saved on shared drive for audit/inspection/ internal consumption purpose in a standard and logical manner
People Management or Self- Management Responsibilities
Maintain discipline & decorum in the team § Lead, motivate, coach
Risk and Internal Control Responsibilities
Follows risk policy and processes to mitigate the operational, regulatory, financial, informational, reputational and audit risks as instructed by the departmental manager
Executes the established internal control systems and compiles relevant information for departmental audits, as necessary.
SECTION IV: KEY INTERACTIONS
Audit/ ORM
Timely response to Audit/ ORM queries post discussion with senior
Tracking of open audit points and coordinating with seniors for logical closure
Branches / Front Office
Interaction for transaction processing and customer query management
Product team
For transaction query management, clarifications and approvals.
External Clients
For transaction query management, clarifications, settlement and information etc.
SECTION III: KNOWLEDGE & EXPERIENCE
KNOWLEDGE
Minimum Qualifications
Post Graduate
Professional Certifications - Post Graduate/ CA/MBA
Language Skills - English, Hindi
EXPERIENCE
Years of Experience - 12-17 Years of experience
Nature of Experience - Financial Markets Operations and related products in Treasury.