Job Description

Department Profile

 

Since 2007 Client has been expanding its own fully-owned premier investment banking and sales & trading platform in India, providing a full range of investment banking, sales & trading, equity, fixed income, commodities and derivative products, as well as research services. Building on this existing platform in India, we are looking to invest in establishing a Derivative Operations division that will continue to recognize and match the global need of our clients.

 

Background on the Team

 

 

 

 

The team will be dedicated to providing full support to the Fixed Income Derivatives Business Units i.e. OTC derivatives Futures, Swaps trading & sales desk. The group is structured to focus on independent control, risk and maintenance functions and each team member is assigned responsibility for a varied set of processes. The group will grow in size over time as more functions are migrated giving scope for future exposure to new processes, products and career progression. 

The team has reporting lines to the Global Head of Derivatives Operations as well as regional reporting lines to the regional functional risk and process owners. 

 

Primary Responsibilities

 

  • Reconciliation of Trader's Risk products and positions to Firm books and records and investigation and resolution of breaks.
  • Performing Broker reconciliations and resolving exceptions arising by following up with Sales, traders or Brokers.
  • Perform trade compression activities for capital optimization
  • Monitoring and execution of rates structured notes life cycle events which includes calculation of rate fixings, setting up coupon payments,processing final redemption etc
  • Investigation and resolution of realized cash flow breaks.
  • Production and distribution of exception reporting highlighting specific exceptions that require specific actions to resolve.
  • Perform trade allocation, rate reset & rate fixing activities, rate notices, trade amendments
  • Monitoring of specific system error queues, which require investigation and resolution to ensure the trade flows downstream.
  • Reconciliation of upstream & downstream systems to ensure trade flows are complete
  • The role involves building and maintaining relationships with the regional OTC Middle Office Teams, the Business Unit, IT and other operational support areas to ensure that controls are maintained and breaks are understood and resolved in a timely manner.

 

Skills required (essential)

 

  • Strong numeracy and analytical skills
  • Graduate at the minimum
  • 2-4 years of experience in financial services
  • Operations experience and Good understanding of OTC derivative, Fixed Income Derivative products like CDS, Interest Rate Swaps, FX
  • Accuracy, attention to detail, good organization skills
  • Strong Communication (Writing and Verbal) Skills. Effective interaction with others across departments and regions
  • Solid knowledge of Microsoft Office, and/or other relevant applications
  • Ability to quickly digest new information and learn new businesses and processes
  • Ability to think strategically and provide insight into how to improve existing business and technology processes
  • Attention to details
  • Work independently
  • Proactive and self-motivated
  • Result-focused mindset

 

Skills desired

Operations Competence Framework

 

 

Analyst

Learns about the industry and the Firm while contributing to the daily operations of the department.

 

 

DEFINITION

Commercial / Business Orientation

Guardianship

Consistently highlights problems and errors to Manager. Based on their developing knowledge, judges when an issue is a potential problem and will raise it to their supervisor. Prepared to voice their concerns to Senior Management. Acting as a point of escalation for issues raised by internal / external clients

Client Skills

Establishes and maintains effective working relationships with all clients they support.

Functional Knowledge

Job Skills

Understands fundamental components of position and how it relates to workflow.  Seeks to understand the system itself. Demonstrates broader knowledge of work systems.

Business / Product Knowledge

Demonstrate expert business knowledge concepts. Understands the role and objectives of the department and the functions of other divisions. Interested in learning how business/products are created.

Technology

Knows how the systems link to each other. Maintains data integrity; understands system process flow and the implication of a break in the process.

Size and Type of Role

Defined by the complexity and breadth of the role.  Where the role demands a high level of specialized knowledge, complexity will be evaluated by considering length of time to reach full mastery.  Role must be developed or identified for the next level.

Professional Skills

Integrity

Takes responsibility for own actions. Learns from own and others' experiences. Shares own knowledge where appropriate. Looks for innovative ways to be more efficient. Uses the utmost discretion in dealing with sensitive/confidential information

Planning & Control

Agrees on requirements of role and development objectives with manager. Works accurately, independently and quickly to meet deadlines. Knows what is important and prioritizes accordingly.  Prepared to question others on their timeframes. Provides status on assigned tasks. Is prepared to raise issues & ask questions when necessary.

Communication

Writes and speaks clearly and concisely. Listens to others. Determines the importance of an issue when deciding who to involve in communications.  Keeps others informed.

Teamwork

Puts in the necessary time or effort to meet team objectives. Builds effective relationships within own group.  Appreciates and respectful of varying cultures within the organization.  Shows some interest in understanding what is happening with other teams.

Managing People

N/A

Leadership

Promotes own ideas and is able to sell the benefits to others.

New Professional competencies

Analysis & Judgment

Retrieves appropriate facts.  Notices gaps, risks, errors and changes in data/information.  Checks the facts.  

Drive & Resilience

Incorporates sustained performance

Takes full accountability for completing a task to expectations. Confident in resolving issues.  Knows when to ask for help. Stays calm under pressure.

 

We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.

 

 

o Essential means that these are the minimum criteria needed to carry out the job and the job cannot be performed without them.

o Desirable refers to those criteria which are not essential and someone could still perform the job without them.

If more than one candidate satisfies the essential criteria, specified desirable attributes can be taken into account in selection. It may be useful to set out the desirable criteria in order of priority.

  • Translate the primary responsibilities into the abilities and skills needed to do the job. Specify necessary skills as far as possible in precise job-related terms:

o A thorough knowledge of...

o Previous experience of...

  • Identify any specific knowledge requirements for the role or requirement of some evidence of ability to learn.
  • Skills should be linked to the primary responsibilities of the role and should include any specific technical or product experience that is required for the role.
  • All qualifications required must be specifically relevant to the role (in some cases may be required by law).
  • All criteria should relate to the job specification; they should be specific, precise and accurate.
  • The use of phrases such as ‘good French‘and ‘basic arithmetic’, which can be open to interpretation, should be avoided. A measurable standard should be used wherever possible e.g. ‘fluency in French’.
  • Please see the Anti-Discrimination in Recruitment Booklet for more guidance.