Lead I

7 - 10 Years

2 Openings

Chennai

Job Title: Derivatives Lead

Shift: UK Hours

Location: Chennai

Overview of the Role

The Derivatives Operations Analyst will be responsible for end-to-end post-trade processing, lifecycle management, reconciliation, and reporting for all derivatives products (Exchange-Traded and OTC). The role includes managing trade confirmation, collateral and margin workflows, fund reporting, and break resolution in coordination with fund administrators, prime/executing brokers, custodians, and internal teams.

This position requires strong derivatives product knowledge, excellent communication skills, and the ability to operate in a dynamic, fast-paced asset management environment.

Key Responsibilities

• Provide full post-execution operational support to Fund Managers, Dealers, Fund Manager Assistants (FMAs), and Third-Party Administrators (TPAs).

• Daily processing, confirmation, and reconciliation for a range of derivative products, including:

• OTC Derivatives: Options, Credit Default Swaps (CDS), Interest Rate Swaps (IRS), Inflation Linked Swaps

• Exchange-Traded Derivatives (ETD)
• Contracts for Difference (CFDs)
• Manage trade lifecycle events (e.g., resets, expiries, exercises) across all derivative types.
• Oversee daily margin and collateral processes with counterparties and Prime Brokers.
• Confirm trades electronically on trade date and ensure timely settlement.
• Reconcile income and asset servicing transactions with Prime Broker records.
• Reconcile and settle monthly derivative resets.
• Maintain and reconcile tax tables in line with investor types and market rates.
• Resolve income and transaction breaks promptly and escalate when necessary.
• Ensure trade and position data is accurately reflected in core systems and spreadsheets.
• Adhere to internal controls and AAF (Assurance Reports on Internal Controls) guidelines for document filing and record keeping.
• Support onboarding of new funds and share classes by coordinating with internal and external stakeholders.
• Liaise with TPAs, responding to queries and ensuring proper notification of derivative activity.
• Follow and enhance procedures and controls to mitigate operational risk.
• Ensure all operational deadlines are met and issues are disclosed promptly and comprehensively.

Must-Have Skills & QualificationsCategory Requirements

Experience

Minimum 5 years of hands-on experience in derivatives operations (ETD and OTC) within an asset management, hedge fund, or investment banking environment

Product Knowledge

• Strong understanding of derivative products: CFDs, CDS, IRS, Options, Swaps- Full trade lifecycle knowledge

Trade Systems

Experience with trade matching platforms and derivative confirmation systems

Reconciliation & Controls

Proven experience in reconciliation processes, margin/collateral workflows, and following internal control standards

Communication

Strong written and verbal communication skills to engage with internal/external stakeholders

Attention to Detail

High accuracy in processing and reporting; diligent in resolving discrepancies

Soft Skills

• Ability to work effectively under pressure in a team environment- Proactive in identifying and escalating issues- Deadline and detail oriented

Good-to-Have Skills & QualificationsCategory Requirements

Certifications

• Investment Operations Certificate (
  IOC)- CFA Institute Investment Foundations- NSE Certification- Foundations of Financial Risk

Systems Knowledge

Familiarity with systems used in asset management (e.g., Aladdin, MarkitWire, TriResolve)

Technical Skills

• Advanced Excel skills (formulas, PivotTables)- Experience with tax tables and reset reconciliations

Fund Onboarding

Experience supporting new fund/fund share class setups from an operations perspective

Process Improvement

Participation in process automation, efficiency improvements, or audit/risk reviews

Behaviors & Attributes

• Proactive and solution-oriented
• Strong organizational and time management skills
• Committed to continuous improvement and high-quality service
• Comfortable navigating ambiguity and changing priorities
• Compliant with regulatory and internal risk policies

Derivatives,Trade Execution,Delivery Leadership

UST is a global digital transformation solutions provider. For more than 20 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people and led by purpose, UST partners with their clients from design to operation. With deep domain expertise and a future-proof philosophy, UST embeds innovation and agility into their clients' organizations. With over 30,000 employees in 30 countries, UST builds for boundless impact—touching billions of lives in the process.