Senior Analyst Derivatives

Job Title: Senior Analyst Derivatives

Function / Department: Treasury Operations

Job Purpose: The candidate will be responsible for processing the Derivative transactions, mainly comprising Currency and Interest Rate Swaps and Options. All these transactions require close scrutiny in line with extant regulations and internal SOP's before validation . As a prerequisite for the role the candidate needs to have good understanding of the derivative products, regulatory guidelines, relevant clauses in the back paper used for validation, settlements etc.

Roles & Responsibilities:

• Deal validation: The candidate will be involved in validation of all derivative products such as all types of option strategies, Interest rate swaps, full currency swaps etc and any new product introduced from time to time. All pre deal requirements need to be verified before processing the transaction. All deal parameters agreed by the front office with the counterparty should be verified before validation
• Settlements: The candidate will be involved in processing of settlements relating to all derivative products. The process involves preparing of settlement advices, getting the cash flows confirmed with the counterparty. The candidate will be responsible for accuracy and ensuring completion of all settlements due for the day in the system
• Deal confirmation: Post validation, the candidate needs to prepare the deal confirmations for all transactions which contains the deal parameters and relevant clauses depending on the type of counterparty. The status of the confirmations are to be updated and monitored in the tracker.
• Reporting: This is a critical and time bound activity to be completed as per the timelines . The candidate needs to ensure accurate reporting from the system or through manual reporting. The status of the reporting needs to be monitored for completion
• Interaction: The candidate should have good communication skills to interact with all stakeholders for daily activities.
• Regulatory &Compliance - The desk works under a highly regulated and closely scrutinized enviroment. The candidate should be well versed with the extant guidelines, associated risk and mitigants.
• Will be involved in testing of system bugs/improvements/enhancements in existing processes, highlight deficiencies and gaps in processes

Education Qualification:

Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)

Post-graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)

Professional Qualification : Charted Accountant (CA)

Experience: 2 to 5 years of relevant experience