Senior Associate - DEC Clearing-US Collateral & Margin

Position Purpose
Reporting to the ISPL DEC Manager this role is in charge of the Control framework, definition and oversight of the local processes. Acting as a key SME for DEC and LD OPS in India, the incumbent will have to ensure that a robust, efficient and compliant processes are in place across all functional domains and aligned with other regions.

• Direct communication and interaction with clients and business partners
• Client margin and interest calculations
• Account balancing
• Cash management
• Wire transfer processing
• Non-cash collateral custody account settlements
• Securities inventory balancing
• Nostro break reconciliation investigation
• Daily regulatory review and oversight
• SWIFT message interpretation
• KPI Reporting and trend analysis
• Regulatory and audit inquiry management
• Operational control implementation and monitoring
• Data entry

Minimum Required Qualifications

• Bachelor degree
• At least 5-7 years of experience in the margining of exchange listed products
• Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing
• Experience in wiring funds via SWIFT messaging
• Experience interacting with clients and various lines of business
• Experience reconciling separate data points and sources
• Microsoft Excel (Vlookup, Pivot tables, formulas, etc.)

Preferred Qualifications:

• Some technical specifications knowledge across multiple systems and web interfaces
• Microsoft Excel macro knowledge
• Understanding of collateral transfers
• Knowledge of CCP margin calculations
• Knowledge of CFTC regulations

• N/A

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

• Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
• Take Accountability and Ownership, Having good control and analytical mindset
• In depth practical and theoretical understanding of DEC and LD lifecycle
• Good knowledge of Exchange Traded derivative products /ETD Clearing.
• Experience of the commodity exchanges and CCPs platforms
• Flexibility to accommodate business requirements and working hours.
• Ability to use Excel at an intermediate level - essential
• Excellent numerical and analytical skills - essential
• High attention to detail and quality focused
• Be comfortable with escalation and managing issues as they arise
• Forward thinking and proactive with the ability to question process
• Ability to work under pressure

• Bachelors degree from a college or university
• Strong Communication skills and client focus oriented
• Fundamental understanding of clearing /Futures & Options markets.
• Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

BehaviouralSkills

• Attention to detail / rigor
• Organizational skills
• Personal Impact / Ability to influence
• Critical thinking

Transversal Skills

• Ability to understand, explain and support change
• Analytical Ability
• Ability to develop and leverage networks
• Ability to understand, explain and support change

Education Level:

Bachelors degree or equivalent

Experience Level

5-7 years.

- US Shift.