Assistant Manager - OTC D2R

Replacement FTE - Senior Associate for performing OTC Derivatives Reporting and Reconciliation services. Senior Associate will be responsible for performing daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations, and performing bilateral reconciliation with the brokers for OTC positions in Tri Resolve.

He/ She will be working closely with offshore 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

- Reconcile valuation and material trade terms trade data with counterparties in compliance with the compliance set forth by EMIR regulation.

- Research and identify the cause of the breaks.

- Work with appropriate party to amend the breaks.

- Evidence the cause of the breaks and its resolution.

- Manage and monitor dispute investigation and escalations.

- Ensured that OTC trades, Valuation and Collateral are reported to Trade Repository (DTCC).

- All Nacks/Rejection are actioned and resubmitted to DTCC

- Reconcile the DTCC position with Client position to ensure that all positions are in line.

- Escalating exceptions to appropriate processing team for resolution.

- Reporting of exceptions in line with internal control and external client requirements.

- Contributing to team success.

- Actively involving in terms of having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness

- Extended error check in terms of identifying any errors/ incidents such that ensuring notifying reporting manager in terms of a complete write up of the incident within 24 hours post error occurrence.

- Actively involved in training new joiners in the team. Ensuring end to end training of process flow, logic and BAU activities, and specific activities as per requirement.

- Should be able to independently carry forward any formalities in terms of on boarding any new Clients, for the existing process. This involves all the details relevance to services provided, any exceptions, relevant static and contacts details.

- Should be able to come up with training plans based on the designation/ experience and expertise of the trainees

- Should be knowing end to end steps involved in terms of Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation and the expertise ability should assist the management in case of any communication or follow up in future.

-Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

- Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

- Proficient in Microsoft Office Applications and strong MS Excel skills required.

- Experience of operations in a Fund Management, Custody or Hedge Fund environment.

- Extensive experience of working within Derivative operations.

-Thorough understanding of all Derivative product classes.

- Proficiency in communication should be witnessed in terms of independent working/ understanding details and assist in terms of decision making/ Easy to convey / No compromise in professionalism.