Lead - Collateral Management Jobs

 

Job description

Lead - Collateral Management

Chennai, IndiaPermanent contractCorporate & Investment banking

Responsibilities

• Ensure margin calls (VM and IM) are sent to clients as derived through system calculations
• Making cash, securities bookings in the system for collateral movement.
• Verification of cash flows to authorize settlements/funds transfer.
• Settlement of monthly interest with clients on cash collateral pledged/held.
• Processing substitution requests as & when coupon & maturity due on the stock.
• Review incoming margin calls from counterparties, validate calculations in our internal system and agree for collateral movement.
• Resolve cash and securities breaks/exceptions arising from collateral bookings.
• Follow up with clients for any cash fails or failed collateral transfers.
• Follow up settlement and reconciliation on tri-party collateral agreements.
• Manage manual cash transfer from one account to other account.
• Resolving Disputes by working closely with the broker, Dispute reporting to senior management.
• Actively chasing/escalating counterparty via emails/ phone calls in the event of non-response.
• Analyzing if discrepancy due to MTM differences, Unmatched positions, Unsettled cash, Collateral Break and others.
• Calculating interest/Coupons on monthly basis on the margined trades (CASH and Securities).
• Reaching out to Counterparty in case of any discrepancies in dispute.
• Good understanding of the front to back processing i.e. trade life cycle, and risk management practices.
• Investigate Legal Entity Break trades and work with Trade Support and/or counterparty to amend trade & resolve the issue.
• Work on same direction trades. Identify if we are booked correctly and update the report.
• Investigate & identify trades contributing Mark-to-market (MTM) Variances and collateral margin disputes.
• Work with Middle Office and/or counterparty for MTM confirmation.
• Work with Front Office and/or Credit to resolve Independent Amount disputes.
• Escalate to Front Office and then to Dispute Escalation group for dispute driving trades.
• Work with FO/Credit Officer to resolve Independent Amount removal on novated trades.
• Well versed new UMR rules. EMIR Regulation, Dodd Frank, CFTC Regulations.

Profile required

• Experience : 1-5yrs

Knowledge and analytical skills in areas of Capital market operations and Derivatives

Relevant experience within the Capital Markets practice, preferably Collateral Operations.

Good Oral and written communication with Clients and Regions.

About Company

Societe Generale Global Solution Centre Pvt. Ltd. has been set up as a strategic arm of the Bank in 2000, at Bangalore, Soci©t© G©n©rale Global Solution Centre serves as a €˜Centre of Excellence€™ for the Group. Global Investment Management & Services: Soci©t© G©n©rale is one of the largest banks in the euro-zone in terms of assets under custody (EUR 2 731 billion, March 2008) and under management (EUR 391 billion, March 2008)

SG GSC was started by Soci©t© G©n©rale as its second entity in India after the Investment Bank. Over the past eight years, SG GSC has evolved to become the 'Global Knowledge Centre' for the Group with a reputation for providing innovative solutions that combine in-depth business knowledge with exceptional technology skills. The centre today has over 900+ employees and has plans to grow further in the coming years. SG GSC works for multiple business lines including Soci©t© G©n©rale Corporate and Investment Banking, Specialized Financial Services, Retail Banking and Global Investment Management and Services.

Company Info

AddressVOYAGER BUILDING,10th,VOYAGER BUILDING,WHITEFIELD , BANGALORE, Karnataka, India

Jobs

• Share