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Gurugram, HR
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  • Banking & Finance
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Job Details

Derivatives Collateral Operations manages the margining for the OTC, Repo Derivatives & Foreign Exchange businesses and Repo agreements. Collateral Management is a tool to control & reduce the bank's credit exposure risk on Derivative trades.The Collateral Operations Unit monitors daily margining for customers across various products (Rates, Commodity, Structured Credit, Equity, Foreign Exchange, and Repo, Futures & Options). The Counterpartys net exposure is evaluated each morning in order to determine collateral requirement. Margin Calls are made and received by Collateral Analyst and collateral exchanged. Team is also responsible to perform Security Optimization, Journal processing, liquidity and regulatory reporting.Responsibilities*New agreement setups in margining application to facilitate daily exposure feed based on Agreement termsVerification of call details originating from internal applications and exchange margin call notices with clientsFollow-up on margin calls due for payment where we do not have receipt of counterparty confirmationVerification of settlement instructions before releasing cash /securities as collateralMonth end interest settlements with clients on collateral balancesDaily reconciliation, investigation and resolution of margin call disputes/discrepancies.MIS, reporting of operational and trading exposures to managementMaintenance of data in relation to points of contact internal and external and additional information necessary to effectively and efficiently resolve disputesWorking closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing databaseResponsible for monitoring and clearing items on the daily breaks/exception reports, Clearing aged breaksGenerate and publish daily control reports including MTM Swings, cash/security fails, zero MTM, Stale prices, open aged calls, etc.Monitoring of security balances and allocating securities based on prioritization list to optimize utilizationResponsible for placing margin calls, performing reconciliation and resolving disputes for repurchase agreementsMIS, reporting of operational and trade exposures to management, liquidity and regulatory reportingReconciliation of collateral balances for Repo, F&O and publishing breaks reports.
Degree: M.Com. (Commerce) | MBA/ PGDM

Additional Degree: B.Com. (Commerce)

Experience: 4-6


Banking -General | Claims/Collection Mgmt | Trading
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