Collateral Management Specialist

2 weeks ago


Mumbai, Maharashtra, India FIS Full time
About the Role:

This is a challenging opportunity to join FIS as a Collateral Management Specialist. In this role, you will be responsible for ensuring timely coverage of collateral requirements with exchanges/clearing houses, accurately recording those in internal systems, and passing on collateral requirements to clients. You will also be involved in resolving issues and providing resolutions in a timely manner.

About the Team:

The primary function of the team is to perform and ensure timely covering of collateral requirements with exchanges/clearing houses per deadline and accurately recording those in internal system for exchange traded derivative. It also involved passing on the collateral requirements to client and ensuring the settlement with end client of the broker. Broker in this is the clients that FIS supports.

Key Responsibilities:

Manage the delivery of the daily collateral management activities as per the Service Level Agreements (SLAs)
Ensure daily collateral requirement with clearing houses and exchange met on time using the payments systems and ensure that these gets processed without any issues.
Ensure the end client collateral figures are agreed on time and settled on time as per the respective currency cut offs.
Recording the daily collateral moves in respective back office systems like GMI.
Ensure daily reporting are submitted on timely basis to internal and external stakeholder on various aspects like outstanding margin calls/disputed margin calls/ rolled over call for client, 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 of 2, 5, 8+ years of work experience in 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 so that complex queries can be addressed accurately and in a timely manner.
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

What We Offer:

At FIS, you can learn, grow and make an impact in your career. We offer a range of benefits, including extensive health benefits, best-in-class career mobility options, award-winning learning offerings, and an adaptable home-office work model. Join us and be part of a global team that is shaping the future of financial services.

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