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Derivative Operations Analyst

4 months ago


Pune, India AllianceBernstein Full time

Company Description

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.

Job Description Summary

We are seeking a Pune based Analyst to join our Derivatives Operations CCP team in Global Technology & Operations.

Team/Group Description

Role Description

The Derivative Operations Department is responsible for the operational support front to back for OTC derivative instruments used across each of the Strategic Business Units globally. The group will perform middle office, valuation, collateral management, confirmation, reconciliation and settlement of this complex asset class in a team based fast paced atmosphere with opportunities to work closely with others throughout the group.

Applications and business or enterprise functions the role supports

The Collateral Analyst is primarily responsible for supporting the collateral needs resulting from Cleared OTC trading working closely with our middle office, valuation and portfolio reconciliation teams while liaising daily with our counterparties. In their day-to-day responsibilities, the Collateral Analyst will be responsible for assessing if margin calls need to be issued or accepted, determine eligible assets to deliver as collateral and enter into collateral transactions with counterparties while minimizing operational risk. The Collateral Analyst will collaborate with both the front office and legal in the escalation and resolution of security encumbrance restrictions, agreement negotiation as well as with the technology team to support enhancements across applications. This position will report to the manager of the Collateral Management Operation team within the Derivative Operations & Technology Department. In this role one should be familiar with various OTC derivative products, proficient with PC skills and be comfortable working in a fast-paced environment.

Key job responsibilities include, but are not limited to

  • Daily Margining of assigned Agreements/Relationships
  • Contact counterparts to agree on margin calls within the prescribed time frame
  • Settlement of margin in Support of Global clients
  • Reporting of collateral activity
  • Ad-hoc projects as needed
  • Participate in team projects to enhance workflow and support changes in industry regulations related to derivatives.
  • Provide superior client service.

Professional development value of this role

This role will offer candidates an opportunity to develop a deep understanding of the OTC markets, honing professional skills on presenting to senior audiences and the opportunity to grow within a niche part of the financial industry.

Job Qualifications

  • Excellent communication skills - both written and verbal
  • Proven Team orientation skills
  • General understanding of Risk & PnL
  • Strong control focus - ability to understand and highlight operational risk
  • A flexible proactive attitude towards work balanced with effective time management and prioritization skills
  • Ability to contribute to the ongoing development of processes
  • Proficiency of Microsoft Office Applications, specifically Excel
  • Motivated, positive “can do” attitude
  • Proven ability to learn quickly

Qualifications, Experience, Education

  • The candidate should have strong analytical and financial analysis skills
  • MBA Finance from a very good tier-2 institute with 1-3 years experience

Pune, India