Role Description
Job Title:
Derivatives Lead
Shift:
UK Hours
Location:
Chennai
Overview Of The Role
The Derivatives Operations Analyst will be responsible for end-to-end post-trade processing, lifecycle management, reconciliation, and reporting for all derivatives products (Exchange-Traded and OTC). The role includes managing trade confirmation, collateral and margin workflows, fund reporting, and break resolution in coordination with fund administrators, prime/executing brokers, custodians, and internal teams.This position requires strong derivatives product knowledge, excellent communication skills, and the ability to operate in a dynamic, fast-paced asset management environment.
Key Responsibilities
- Provide full post-execution operational support to Fund Managers, Dealers, Fund Manager Assistants (FMAs), and Third-Party Administrators (TPAs).
- Daily processing, confirmation, and reconciliation for a range of derivative products, including:
- OTC Derivatives: Options, Credit Default Swaps (CDS), Interest Rate Swaps (IRS), Inflation Linked Swaps
- Exchange-Traded Derivatives (ETD)
- Contracts for Difference (CFDs)
- Manage trade lifecycle events (e.g., resets, expiries, exercises) across all derivative types.
- Oversee daily margin and collateral processes with counterparties and Prime Brokers.
- Confirm trades electronically on trade date and ensure timely settlement.
- Reconcile income and asset servicing transactions with Prime Broker records.
- Reconcile and settle monthly derivative resets.
- Maintain and reconcile tax tables in line with investor types and market rates.
- Resolve income and transaction breaks promptly and escalate when necessary.
- Ensure trade and position data is accurately reflected in core systems and spreadsheets.
- Adhere to internal controls and AAF (Assurance Reports on Internal Controls) guidelines for document filing and record keeping.
- Support onboarding of new funds and share classes by coordinating with internal and external stakeholders.
- Liaise with TPAs, responding to queries and ensuring proper notification of derivative activity.
- Follow and enhance procedures and controls to mitigate operational risk.
- Ensure all operational deadlines are met and issues are disclosed promptly and comprehensively.
Must-Have Skills & QualificationsCategory Requirements
Experience
Minimum
5 years
of hands-on experience in
derivatives operations
(ETD and OTC) within an asset management, hedge fund, or investment banking environment
Product Knowledge
- Strong understanding of derivative products: CFDs, CDS, IRS, Options, Swaps- Full trade lifecycle knowledge
Trade Systems
Experience with
trade matching platforms
and derivative confirmation systems
Reconciliation & Controls
Proven experience in reconciliation processes, margin/collateral workflows, and following internal control standards
Communication
Strong written and verbal communication skills to engage with internal/external stakeholders
Attention to Detail
High accuracy in processing and reporting; diligent in resolving discrepancies
Soft Skills
- Ability to work effectively under pressure in a team environment- Proactive in identifying and escalating issues- Deadline and detail oriented
Good-to-Have Skills & QualificationsCategory Requirements
Certifications
- Investment Operations Certificate (
IOC
)- CFA Institute Investment Foundations- NSE Certification- Foundations of Financial Risk
Systems Knowledge
Familiarity with systems used in asset management (e.g.,
Aladdin
, MarkitWire, TriResolve)
Technical Skills
- Advanced Excel skills (formulas, PivotTables)- Experience with tax tables and reset reconciliations
Fund Onboarding
Experience supporting new fund/fund share class setups from an operations perspective
Process Improvement
Participation in process automation, efficiency improvements, or audit/risk reviews
Behaviors & Attributes
- Proactive and solution-oriented
- Strong organizational and time management skills
- Committed to continuous improvement and high-quality service
- Comfortable navigating ambiguity and changing priorities
- Compliant with regulatory and internal risk policies
Skills
Derivatives,Trade Execution,Delivery Leadership
