Tl (OTC - Swap Settlement)
5 days ago
**TL (OTC - Swap Settlement)**
**MUMBAI, INDIA**
At Linedata we believe finance matters to our society as much as energy to life and fueling financial transformation is vital for development and leadership. We humanize technology. We are passionate experts who provide the investment management and credit communities with innovative, user-friendly products which help their businesses grow in over 50 countries.
We employ more than 1300 employees representing 40 nationalities spread throughout our offices in 14 countries. We believe in mobility, diversity & team work.
Our mission is to continue to find new ways to create and build flexible, mission critical software and services and to stay on the cutting edge of the financial software space.
**JOIN THE MOVEMENT**
We are transforming the financial services community which is in constant evolution. Like professional dancers we are experts in our field and are defining new pathways for financial services to serve the world. With our agility we make technology simple & accessible for our users. We all work together to achieve the best solutions for our clients.
Tell us what your ambitions are, we will choreograph your career and take it to the next level
**THE ROLE**
The role is to manage OTC trade processing & confirmation team, You will be responsible for processing Swap Settlement Process and Reconciliation.
The role is a good blend of product knowledge and usage of technology.
The role also involves Direct contact with client and brokers.
Troubleshooting team members in reconciliation and assisting managers in new client launch.
**Responsibilities**:
- Process Daily Swap settlements for Unwind swaps with various Counterparty
- Process Monthly Reset cycle for Swap and ensure that all cash-flow are settlements on time.
- Investigate the reasons for differences in Swap settlement.
- Coordinate with client and counterparty for resolution of any discrepancy in swap settlement process
- Involved in Booking of Dividend, Tax, Index or any fees in client Accounting system to reconcile Swap Settlement cashflow.
- Prepare the wires based on SSI set up based on agreed settlement amount.
- Reconcile client cash, trade & position recs and their settlements by prime broker on daily basis & resolve breaks
- Co-ordinate with Client for Interest accrual on Month-ends and book the same in our system vs PB
- Working on testing environment for testing of new functionality.
- Assisting/trouble shooting team members with their BAU issues.
- Assisting manager and team in timely deliverable of services to client.
- Provide training to new joiners.
- Assisting in manager in new client launch
- Drafting SOP’s for the process.
Skills Required
- MBA (finance) required with 7+ years of experience working for a Hedge Fund Administrator or Hedge Fund Operations.
- Excellent knowledge of OTC products.
- Past experience in managing hedge funds or similar types of alternative products (Exchange Listed(Fixed income, Options, Futures, Equities / Non listed products like TRS/CDS/IRS/ Equity Swaps)
- Advanced knowledge of MS Excel.
- Number Cruncher and excellent communication skills.
- Team Handling Exp is must.
**Advantageous Skills**
Working in Fund Administrator in Hedge Fund Client
Academic Requirements
MBA with 4+ years experience.
**Salary**: ₹800,000.00 - ₹1,200,000.00 per year
Schedule:
- Day shift
- Night shift
- Rotational shift
**Experience**:
- total work: 7 years (preferred)
Shift availability:
- Night Shift (preferred)
- Day Shift (preferred)
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