Job Purpose
Performing trade validation / settlement of derivative transactions, F&O (Futures / Options) & OTC clearing and Margin trading, along with related control and reporting activities.
Key Result Areas
- Trade validation of all OTC derivative products and to ensure accurate details are captured in the treasury system.
- Derivative product settlements through the life cycle of the trades to be tracked and settled. Good product knowledge on all core derivative instruments and on the various asset classes like equity, fx, interest rate, commodity..etc
- Ensure all required derivative documentation are in place.
- Adherence to Islamic product workflow and documentation.
- F&O (Futures & Options) clearing activities are performed as per the operational procedures. OTC derivative clearing related activities to be performed.
- Margin trading operational requirements around customer account setup, transfer of funds for trading and reconciliation to be performed as required.
- Reconciliation of all product related balances.
- Collateral management: Monitoring of customer mark to market exposure against underlying document threshold and ensuring required collateral is settled. Preparation of various reports to different stakeholders including market risk, finance, treasury division..etc
- Arrange with internal teams on account setup, funding, segregation of Margin based on which leverage is provided as per documentation for Margin Trading.
- Monitoring of limits on Margin trading and reporting to front office for resolution.
- Monitoring of Proprietary trading limits and reporting any breaches to management, Treasury and Market Risk.
- Actively participate and deliver key treasury related projects and system upgrades.
- Focus on identifying areas for digitization and opportunities for automation.
- Maintaining a good relationship with all relevant stakeholders including Treasury front office, Finance team, Technology, Accounts Department, risk teams and other business teams. Ensure VAT is collected and reporting on applicable products and services.
Knowledge, skills and experience
- Graduate from a reputed University.
- Good understanding of all the primary OTC & Exchange derivative products.
- Experience of 5 6 years in a reputed bank in similar position.
- Prior experience of working on a treasury system.
- Certification in the financial markets is an added advantage.
- Good team player with good interpersonal and communication skills
- Analytical ability and good understanding of the product workflow is required to investigate any reconciliation differences and to resolve it.
- Limit breaches on P&L and other parameters assigned in the market risk policies to be highlighted as required and resolved.
- Documentation exceptions to be closely tracked and closed.
