The Derivative Operations Department is responsible for the operational support front to back for OTC and ETD 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
Ops Job Description:
We are seeking a Pune, India-based Futures Analyst to join our Derivative Operations team.
Support all aspects of collateral management covering futures and listed derivative instruments
Provide quality control and maintain data oversight of internal and external asset record keeping
Participate in projects for automation and process improvements as relates to collateral management, dispute resolution, cash/securities settlement, position reconciliations, and cash management
Describe the role:
The Futures Sr. Analyst is primarily responsible for supporting the margin needs and transaction reconciliation resulting from futures 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 Futures Analyst will be responsible for assessing if margin calls need to be issued or accepted, determine eligible assets to deliver as margin and enter into margin transactions with counterparties while minimizing operational risk.
The Futures Analyst will collaborate with both the front and middle office in the escalation and resolution of transaction breaks and margin issues and as well as with the technology team to support enhancements across applications. This position will report to the manager of the Futures Operations 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.
The key job responsibilities include, but are not limited to:
Specific responsibilities may include but not be 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
Daily reconciliations of futures transactions
Reporting of margin activity
Performing FX, interest, fee and dividend transactions
Account setup and maintenance, including onboardings and closures.
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.
What makes this role unique or interesting (if applicable)
What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate
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 (The ideal candidate should have the following):
The ideal candidate should have a Bachelor s degree (or equivalent) in finance, economics or another relevant discipline from a recognized University with sound knowledge of Capital Markets. Preferred 1-3 years experience supporting middle office or collateral operations related to OTC and/or Listed Derivatives on the sell-side or buy-side is preferred, but not required.
Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences.
Qualifications, Experience, Education:
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