UMR Implementation Lead (Contract)

Company : Michael Page

Job Type : Contract

Singapore

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!

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UMR Implementation Lead (Contract)

Job Description - UMR Implementation Lead (Contract)

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