Team Leader - Derivative Operations

JOB DESCRIPTION : TEAM LEADER – DERIVATIVES OPERATIONS

SECTION I: ROLE SUMMARY

The role holder is primarily responsible for managing/execution of Operations of Derivative Deals both for Mumbai & IBU location. Meeting end to end Unit deliverables and management expectations, in line with internal and external guidelines. Suggesting process improvements to bring more efficiency and mitigate risk and ensure adherence to regulations. Manage escalations for deviations, exceptions.

SECTION II: KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Strategic/ Managerial Responsibilities

• Ensure that high service quality is delivered to all Customers (External/Internal)
• Ensure comprehensive compliance with all regulatory and statutory requirements as relevant for various product and service
• Having abilities of effective team & stakeholder management

Core Responsibilities

Operations Management & Vendor Management

• Thorough knowledge of all Derivative Products (Generic, structured, exotic) and its nuances.
• Hands on experience of Processing of Derivative Deals along with deal conventions for all Generic, Structured, Exotic category
• Knowledge of deal validation, CCIL reporting, Checking of Term Sheet / Reuters Conversation,
• Well versed with all prevalent RBI guidelines pertaining to ISDA, CSA, RDS, PDS, BR Limits etc
• Knowledge of processing derivative settlements – Both Gross & Net of Coupon, Principal, Amortization etc.
• Knowledge of checking correctness of cashflow given by system.
• Thorough knowledge of client classification and applicability of various derivative product for each type of client.
• Knowledge of SWIFT operations, various MT messages and its relevance
• Well versed with CCIL / LCH /, reporting mechanism and monitoring of reporting
• Monitoring of overdue settlements and follow up for logical closure
• Validating CCIL/Broker payments before final authorization for payment.
• Validating, authorising settlement, and understanding Accounting of CSA Margin and periodical interest on it
• Validating, authorising settlement and Accounting of Exchange Traded Derivatives
• Understanding GL reconciliation of Contingent Accounts pertaining to Derivative products
• Periodic tally of GLs owned by Derivative Desk
• Keeping track & logically closure of outstanding reconciliation entries pertaining to Derivative Desk
• Thorough with the accounting schema of Derivative Products
• Ensures that all transactions are processed as per agreed SLAs/approved procedures and guidelines
• Ensures nil operational losses/ revenue leakages.
• Accepts responsibility and accountability for execution of all operational processes.
• Ensures timely feedback on all process notes, flowcharts, checklist etc applicable to the desk
• Reports to the reporting manager on any changes in the process followed or deviation from the standard process & if needed make relevant changes & obtain approvals
• Ensures tracking and closure of open items related to the department and their logical closures
• Ensures proper due diligence of new products & processes
• Well versed with Regulatory reporting pertain to Derivative trade at treasury operation
• Murex system knowledge will be added advantage

Audit & Compliance

• Ensure timely and accurate submission of audit data
• Tracking data saved on shared drive for audit/inspection/ internal consumption purpose in a standard and logical manner

People Management or Self- Management Responsibilities

Maintain discipline & decorum in the team § Lead, motivate, coach

Risk and Internal Control Responsibilities

• Follows risk policy and processes to mitigate the operational, regulatory, financial, informational, reputational and audit risks as instructed by the departmental manager
• Executes the established internal control systems and compiles relevant information for departmental audits, as necessary.

SECTION IV: KEY INTERACTIONS

Audit/ ORM

• Timely response to Audit/ ORM queries post discussion with senior
• Tracking of open audit points and coordinating with seniors for logical closure

Branches / Front Office

• Interaction for transaction processing and customer query management
• Product team
• For transaction query management, clarifications and approvals.
• External Clients
• For transaction query management, clarifications, settlement and information etc.

SECTION III: KNOWLEDGE & EXPERIENCE

KNOWLEDGE

Minimum Qualifications

Post Graduate

Professional Certifications - Post Graduate/ CA/MBA

Language Skills - English, Hindi

EXPERIENCE

Years of Experience - 12-17 Years of experience

Nature of Experience - Financial Markets Operations and related products in Treasury.