OTC Trade confirmation and Settlement Sr Supv - C11 - Gurgaon

We are seeking a highly motivated and experienced OTC Trade Confirmation and Settlement Sr. Supervisor to oversee and manage the end-to-end trade confirmation and settlement process for Over-the-Counter (OTC) derivatives. The ideal candidate will possess a strong understanding of OTC derivative products, trade lifecycle, and regulatory requirements, coupled with excellent leadership and communication skills. This role requires a proactive individual who can identify and implement process improvements, manage risk, and ensure timely and accurate settlement of trades.
Responsibilities:

Trade Confirmation:

• Oversee the timely and accurate confirmation of OTC derivative trades, including interest rate swaps, credit default swaps, equity derivatives, and commodity derivatives.
• Ensure adherence to industry best practices and regulatory requirements, such as Dodd-Frank and EMIR.
• Resolve confirmation discrepancies and disputes with counterparties.
• Monitor and improve confirmation rates and reduce outstanding confirmations.

Trade Settlement:

• Manage the end-to-end settlement process, ensuring timely and accurate settlement of OTC derivative trades.
• Coordinate with counterparties, custodians, and internal stakeholders to resolve settlement issues.
• Monitor settlement performance and identify areas for improvement.
• Ensure compliance with settlement procedures and regulatory requirement

Process Improvement:

• Identify and implement process improvements to enhance efficiency, accuracy, and control.
• Streamline workflows and automate manual processes where possible.
• Develop and maintain process documentation and procedures.
• Implement and maintain appropriate controls to mitigate operational risk.
• Utilize and optimize trade confirmation and settlement systems.
• Identify opportunities to leverage technology to improve efficiency and reduce risk.

Risk Management:

• Identify and assess operational risks within the trade confirmation and settlement process.
• Develop and implement controls to mitigate identified risks.
• Ensure compliance with internal policies and procedures, as well as regulatory requirements.
• Participate in risk management assessments and audits.

Stakeholder Management:

• Build and maintain strong relationships with internal stakeholders, including trading, legal, compliance, and IT.
• Liaise with external counterparties, custodians, and service providers.
• Communicate effectively with stakeholders to resolve issues and provide updates.

Reporting and Analysis:

• Develop and maintain key performance indicators (KPIs) to monitor the performance of the trade confirmation and settlement process.
• Prepare and present reports to senior management on key metrics and trends.
• Analyze data to identify areas for improvement and potential risks.

Qualifications:

• Minimum of 7 years of experience in OTC derivative trade confirmation and settlement.
• Strong understanding of OTC derivative products, trade lifecycle, and regulatory requirements.
• Proven experience in leading and managing a team.
• Excellent communication, interpersonal, and problem-solving skills.
• Strong analytical and data analysis skills.
• Proficiency in trade confirmation and settlement systems.
• Knowledge of regulatory requirements, such as Dodd-Frank and EMIR.
• Ability to work independently and as part of a team.
• Strong attention to detail and accuracy.
• Prior experience with process improvement methodologies, such as Lean or Six Sigma is preferred.

Education:

• Bachelor's degree in Finance, Accounting, or a related field.

  
  This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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