Associate L1

**Job Description - APAC**

Job Title:
Associate and Associate L1

Date:
19/02/21

Department:
Listed Derivatives Clearing

**Location**:
Chennai and Mumbai

Business Line / Function:
IFSO

Reports to:
(Direct)

Asst. Manager

Grade:
(if applicable)

NA

(Functional)

None

Number of Direct Reports:
None

Directorship / Registration:
**Position Purpose**:
To clear and allocate Asian derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.

Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.

**Responsibilities**

**Direct Responsibilities**:

- Process the reconciliation vis-à-vis the clearing house (trades, position, premium, Initial margin, variation margin, fees etc.) for various Asian markets.
- Clear and manage give
- up and give
- in trades in the clearing tool.
- Manage Average pricing trades accurately both in clearing and reconciliation tool.
- Exercise and closeout at the market level.
- Position transfer for various markets (sending forms to exchange)
- Reallocation of trades for top day and T+1 etc.
- Raise margin payment for various currencies
- Pre trade risk monitoring
- Monitoring position for T and t+1
- Static data setup for clearing and reconciliation tool
- Follow-up & solving client queries
- Adhere to daily checklist to ensure controls are followed.
- Contributing ideas to improve the process by identifying appropriate control measures.
- Ensure importance is given to four eye validation for each activity
- Ensure proper documentation for the purpose of risk and audit trail
- Abiding the Service Level Agreements.
- Ability to work independently, as well as in a team environment, prioritizes multiple

tasks and meets strict deadlines.
- Highlight any unresolved open items to the respective process Managers.

**Contributing Responsibilities**:

- Participate in brain storming sessions and share the best practices and ideas with the peer groups and team members.
- Constantly update and review procedures to keep up to date with the change in process.
- Participate in ad-hoc projects and new initiatives.
- Capture delay, internal error and external errors
- Performing a range of daily, weekly, monthly controls to ensure completeness of processing and that any inappropriate postings, incorrect matching etc. are identified and resolved promptly.

**Technical & Behavioral Competencies**:

- Organized & good resistance to stress.
- Must be prepared to work on any shift supporting Indian/Asia/Americas/European business hours.
- Proficient in MS Word, Excel, PowerPoint and VBA would be plus.
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills
- Escalate unresolved open items to the respective process Managers.

**Client Focus**

Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.

**Communication**

Oral: Expressing ideas effectively in individual and group situations.

Adjusting communication style to match the needs of the audience.

**Team Work**

Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.

**Continuous Improvement and adaptation**

Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.

**Specific Qualifications (if required)**:
An experience in Listed Derivatives Clearing would be a plus point.

**Skills Referential**

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to share / pass on knowledge

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Analytical Ability

Ability to understand, explain and support change

Choose an item.

Choose an item.

Education Level:
Bachelor Degree or equivalent

Experience Level

At least 1 year

**Other/Specific Qualifications NA**

**NA