OTC Margin Specialist

2 weeks ago

Bengaluru, Karnataka, India Millennium Full time US$ 80,000 - US$ 1,20,000 per year

Job Purpose:
The OTC Margin and Operations Analyst is responsible for reconciling over-the-counter (OTC) trades and positions, agreeing ISDA, SIMM and REPO margin calls and processing cash settlements on OTC transactions.

Key Responsibilities

  • Review and agree to ISDA, SIMM and REPO margin calls and resolve any issues or discrepancies that may arise in the processing of margin calls
  • Validate and agree payments associated with OTC transactions. Investigate discrepancies and resolve any issues in a timely manner, coordination between counterparts and internal departments.
  • Reconcile T+1 OTC cash, trade and position data on a daily basis to ensure accuracy and completeness.
  • Resolve position discrepancies vs executing and clearing brokers
  • Book wires to instruct payments and receipts of cash to and from counterparts
  • Monitor non-USD currency balances.
  • Ensure that all relevant policies and procedures are followed in the processing of margin calls

Requirements

  • Undergraduate Degree or above is preferred
  • Past experience in OTC margin and/or operations teams
  • Understanding of ISDA/REPO CSA agreements
  • Knowledge of uncleared margin rules and processes.
  • Strong attention to detail and ability to work accurately and efficiently under pressure
  • Proactive desire to improve processes to drive efficiency and reduce risk
  • Knowledge of OTC products in Rates, FX, Equity and Commodity asset classes
  • Understanding of swift payment instructions and mechanics
  • Excellent organizational and communication skills
  • Ability to work independently and as part of a team
  • Strong numerical and analytical skills
  • Strong Excel knowledge (including macros/VBA)

System Knowledge

  • Murex/Imagine/Endur
  • TriResolve
  • Acadiasoft

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