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82 Millennium Management Jobs
OTC Margin Specialist - NAM Shift
2-6 years
Bangalore / Bengaluru
1 vacancy
OTC Margin Specialist - NAM Shift
Millennium Management
posted 4mon ago
Job Role Insights
Fixed timing
Key skills for the job
Job Description
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
Employment Type: Full Time, Permanent
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What people at Millennium Management are saying
Specialist salary at Millennium Management
reported by
4
employees
with 8-13
years exp.
₹15
L/yr - ₹25
L/yr
101%
more
than the average Specialist Salary in India
View more details
What Millennium Management employees are saying about work life
based on 37 employees
Strict timing
Monday to Friday
Within city
Day Shift
Millennium Management Benefits
View more benefits
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