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, fixed income, commodities and derivative products, as well as research services. Client are continuing to build on this existing platform in India within the Derivatives Operations division to recognise and match the global needs of our clients. A successful applicant will be part of an exciting opportunity to work within a well established team responsible for supporting part of the Global Equity Derivatives Business, specifically Delta One Structured Products (DSP). The team will be responsible for elements of global middle office processes that are being consolidated with Client India. The team will be dedicated to providing full support to the Equity Derivatives Business Units, Financial Control Group (FCG) & Derivative Client Processing (DCP) Groups. 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 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.
Responsibilities, Scope and Purpose of the Role:
The primarily function within the team is the completion of daily tasks, including (but not limited to):?Reconciliation of Trader?s
Risk products and positions to Firm books and records and investigation and resolution of breaks.
Monitoring of specific system error queues, which require investigation and resolution to ensure the trade flows downstream.
Reconciliation of Swap Vs Hedge positions.
Reconciliation of internal interest rate swaps.
Processing upcoming swaps maturities.
Investigation and resolution of realised cash flow breaks.
Production and distribution of swap reporting highlighting specific exceptions that require specific actions to resolve. Maintaining swap shells, to include and not limited to schedules, profiles, resets.
The role involves building and maintaining relationships with the regional DSP 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.
Minimum Bachelor or Masters degree
Strong numeracy and analytical skills
Accuracy, attention to detail, good organisation skills
High level English. Solid knowledge of Microsoft Office, and/or other relevant applications.
Previous Experience Required:
1 to 2 years of previous trade support role experience with exposure to trade life cycles and process flows, reconciliation and control functions.
Exposure to equity swaps or vanilla equity derivatives.
Experience of servicing and working for and with a global network of people.Required Competencies
Demonstrates awareness of Control and Risk requirements through proven track record.
Demonstrates willingness to take ownership for role responsibilities
Highly committed and self motivated
High regard for attention to detail and accuracy. Demonstrates strong interpersonal and communication skills.
Ability to work to tight deadlines. Proactive in identifying process improvements.
This role provides an excellent opportunity to gain exposure to Equity Derivative products in a demanding and challenging environment. It provides a forum to learn about the equity products, especially Equity and Interest rate swaps with future opportunity to rotate within Derivative