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UMR Implementation Lead (Contract)

icon building Company : Michael Page
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Number of Applicants

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Job Description - UMR Implementation Lead (Contract)

  • Cross-Functional and Strategic Experience
  • Exposure to High-Impact Regulatory Programs
About Our Client

Our client is a hedge fund specializing in identifying undervalued companies and enhancing their long-term performance, with assets under management (AUM) of approx. USD 10 billion.

Job Description

Regulatory Implementation
  • Lead the implementation of UMR Phase 6 Initial Margin requirements for in-scope entities.
  • Perform Average Aggregate Notional Amount (AANA) assessments to determine regulatory scope.
  • Ensure compliance with applicable global regulatory regimes governing uncleared derivatives margin.
Program Management
  • Drive the end-to-end UMR implementation program, including planning, milestones, and governance.
  • Coordinate across internal teams including Legal, Risk, Collateral Management, Technology, and Operations.
  • Track program progress, risks, and regulatory deadlines.
Counterparty Onboarding
  • Identify and onboard UMR in-scope counterparties.
  • Coordinate regulatory readiness with trading counterparties.
  • Maintain a counterparty readiness tracker.
Custodian & Collateral Setup
  • Lead onboarding with third-party custodians
  • Establish segregated initial margin accounts and triparty collateral arrangements.
Risk & Margin Model Implementation
  • Implement the ISDA Standard Initial Margin Model (SIMM) for margin calculation.
  • Coordinate with Risk and Technology teams for sensitivity generation and margin calculation.
  • Ensure model governance and validation requirements are met.
Technology & Platform Integration
  • Oversee implementation and integration of margin platforms
  • Ensure operational capability for daily IM calculation, margin call management, and collateral settlement.
Testing & Go-Live
  • Coordinate internal and external testing including:
  • System testing
  • Custodian testing
  • Counterparty margin testing
  • Drive operational readiness and go-live planning.
Governance & Compliance
  • Develop and maintain UMR policies and procedures.
  • Support regulatory reporting and audit requirements.
  • Work closely with International Swaps and Derivatives Association standards and industry best practices.
The Successful Applicant
  • Min 5 years of experience in derivatives operations, collateral management, regulatory change, or capital markets.
  • Strong experience implementing UMR / Initial Margin regulatory programs.
  • Knowledge of OTC derivatives lifecycle and collateral management.
What's on Offer
  • Competitive salary
  • Opportunity to work within a reputable organisation in the financial services industry.
If you are an experienced Derivatives Specialist looking for a challenging role in Singapore, we encourage you to apply today!
Original job UMR Implementation Lead (Contract) posted on GrabJobs ©. To flag any issues with this job please use the Report Job button on GrabJobs.
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