Collateral Management Specialist

4 weeks ago


Mumbai, Maharashtra, India FIS Full time

About the role:

This job role requires key attention to detail and a good understanding of collateral management concepts, including type of collateral requirements, initial and variation margins, and Listed Derivatives product understanding. You will be responsible for ensuring timely covering of collateral requirements with exchanges/clearing houses and accurately recording those in internal systems.

About the team:

The primary function of the team is to perform and ensure timely covering of collateral requirements with exchanges/clearing houses and accurately recording those in internal systems. You will work closely with the team to provide resolutions in a timely manner and ensure that all tasks are completed efficiently.

Key responsibilities:

  • Manage the delivery of daily collateral management activities as per Service Level Agreements (SLAs)
  • Ensure daily collateral requirement with clearing houses and exchange met on time using payments systems and ensure that these get processed without any issues
  • Record the daily collateral moves in respective back office systems like GMI
  • Ensure daily reporting are submitted on timely basis to internal and external stakeholders on various aspects like outstanding margin calls/disputed margin calls/rolled over calls for clients, daily exchange/broker movements
  • Lead and participate in projects with regards to systemic upgrades, regulatory change, client mandated change
  • Identify, resolve and escalate issues in a timely manner in order to meet the required service standards

Requirements:

  • Minimum 2, 5, 8+ years of work experience in Futures/Options & OTC collateral management/bilateral collateral management process
  • Good understanding of systems like GMI, FBOS
  • Good knowledge of Clearing Houses like ASX, LCH, EUREX, ICE Clear, CME, HKEX, SGX etc.
  • Good understanding of the trade life cycle, collateral management, upstream dependencies and how it impacts processes downstream around reconciliations
  • Good understanding of exchange traded derivatives like rates, CDS, Futures and options concepts like initial margins, variation margins, options premium etc.
  • High attention to detail and quality of outputs delivered
  • Analytical and can solve problems quickly and innovatively
  • Dynamic outlook, with the ability to adapt and change plans on the fly
  • Delivery focused; results driven
  • Excellent communication and time management

Preferred qualifications:

  • Experience dealing with large financial services clients
  • Experience in Cash & Nostro Reconciliations for ETD & OTC Derivatives
  • Experience in Trade Clearing & Lifecycle process for ETD & OTC Derivatives
  • Knowledge of Front to Back Trade & Cash Settlement flows


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