Agency Lending

Position Purpose

Replacement FTE - Senior Associate for performing OTC Derivatives Regulatory Reporting. Senior Associate will be responsible for performing daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations. They will be working closely with off-shore management, Account managers, internal and external stakeholders as part of their daily tasks and will report to the Assistant Manager in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Candidate with good functional understanding of the OTC derivative business along with basic knowledge on OTC products & regulatory requirements is required.

Responsibilities

Direct Responsibilities

• Get trained in each function and tasks of the settlement and collateral management processes.
• Prior Exp working closely with

  Pirum

  application particularly in the context of Contract compare and recon is

  MUST

• Good understanding of the billing process within agency lending functions or similar functional operations .
• Liaising closely and provide an exceptional level of service to the Front Office.
• Keep up and manage every operational aspects linked to the activity of Principal Lending. (Loan & Collaterals) and maintain quality relationship with respective custodians, external stakeholders like counterparties and also with our traders.
• Check the exposures on client funds during the day and manage daily call margins with brokers and with triparty agents
• Monitor all the loans booked by Front Desk & collateral trades are settled in time in adherence to the settlement cycle.
• Resolve breaks in the reconciliation in collaboration with reconciliation team.
• Must be able to see tasks through to completion with a sense of accountability.
• Ensure Client & management reporting is made within deadline and without any errors or delay.
• Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.