Collateral Management - Assistant Vice President

Bangalore, Karnataka
Permanent
Full-time

14 days ago

Who we are looking for:We are looking for a candidates with experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office.Why this role is important to us:Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in India ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.What you will be responsible for:As Assistant Vice President you will:Onboarding process - Manage collateral client legal & technical setup for new/ amendment agreements through known industry vide applications i.e.Colline, Cassini, ACADIAMargin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalationsFails investigation - Checking the cash non-receipt reports and the custody settlement system (MCH) and initiating correspondence with the clientReporting - Generate a variety of reports, which includes client and internal reporting from an access database and Protocol.Ensure that the team meets accuracy and timeliness criteria.Carry out responsibilities fairly and impartially; create and maintain an engaged work environment.Assist in developing and implementing new workflow approaches and methods as well as system enhancementsCollaborate with internal and external groups to identify, analyze and proactively resolve issuesBe the key point of contact for internal/external clientsHold authority to hire, discipline, control work and terminate employment for direct reports and broader team as neededHold authority to promote, increase salary and bonus for direct reports and broader team as neededProvide coaching and development opportunities to staffManage Performance Priorities and development plansEnsure SOPs/regulations are met and escalate as neededComprehensive and demonstrated knowledge of overall process and operating modelIdentify all risk issues, breaches and suspicious transactions and acts in accordance with the 'risk' escalation chain and operating proceduresImplement and communicate to staff risk framework changes and/or escalation chain changes perform related duties as assignedWhat we value:These skills will help you succeed in this role:Communicates effectively and accurately in EnglishStrong leadership, management, and organizational skillsAbility to work under pressure and to tight deadlinesDeeper understanding of various Collateral elements like Regulatory IM, Variation Margin, Legal documents like CSA & CCAT.Good working knowledge of industrywide collateral tools like Colline, ACADIA, CassiniGood interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and also to Collateral Management would be advantageousAdditional requirements:

Certification on NCFM / CISI (Chartered Institute for Securities & Investment)

Knowledge on Macros, SQL & MS Access Database queries

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