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Job Title:  FIN_Global Middle Office_AN

Job Code:  11290
Country:  IN
City:  Mumbai
Skill Category:  Finance Middle Office
Description: 

Divisional Overview:

Global Middle Office (GMO) is a control function focussed on the integrity of key transactional, risk and financial data and reporting. GMO will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize GMO’s efficiency and operating model. Key Responsibilities include: 

  • Data Management: 

Providing a complete and validated data set of transactional information, efficiencies in the production and proactive management of these data sets 

  • Control: 

Provide assurance on accuracy of firms financial statements through daily PL validation, Risk Model inputs, Proactive management of internal inventory and collateral obligations to ensure key liquidity / collateral requirements are optimized 

  • Advisory: 

Provide business support and oversight on new products/transactions, financial resources, liquidity management and trade bookings. Propose and implement FTB process improvements; institute performance analytics; and help navigate regulatory, industry and account changes

 

Business Unit Overview:

Collateral management is the process of evaluating the exposure of counterparty on a portfolio level and exchanging collateral to cover this exposure or risk of loss on trades. The margin team ensures that exposure is reduced in a timely manner, escalates delinquent calls to senior management when necessary, and reports the daily status on these margin calls.

 

 

What We Offer:

 

  • We support employee wellbeing by ensuring a sense of purpose and belonging. 
  • We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey. 
  • Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of

diverse identities and family structures.

 

Role & Responsibilities: 

Key Responsibilities:

Daily Margin Call Management for OTC, Repo, PB & MSFTA including but not limited to  issuance and response of/to Variation & Initial Margin Calls.

 

  1. Regulatory Margin Management
  • Oversee daily calculation and processing of regulatory VM and IM requirements
  • Monitor and validate margin calls for regulatory VM/IM with counterparties
  • Ensure compliance with UMR (Uncleared Margin Rules) phases and thresholds
  1. Operational Management
  • Supervise daily collateral operations including margin call processing
  • Manage collateral optimization and allocation processes
  • Monitor collateral eligibility criteria and haircut applications
  • Oversee dispute resolution processes for margin calls
  1. Risk Management
  • Analyze counterparty exposure and recommend appropriate actions
  • Monitor threshold breaches and escalate as needed
  • Review and validate CSA (Credit Support Annex) terms
  • Assess impact of market movements on collateral requirements
  1. Team Leadership
  • Guide and mentor junior team members
  • Allocate daily tasks and monitor team performance
  • Provide training on regulatory requirements and operational procedures
  • Coordinate with other departments (Legal, Risk, Trading)
  1. Process Improvement
  • Identify and implement operational efficiency improvements
  • Develop and maintain procedures documentation
  • Participate in automation initiatives
  • Contribute to system enhancement projects

 

Required Skills & Qualifications:

    1. Experience
  • 5+ years in collateral management or similar role
  • Strong understanding of derivatives and regulatory requirements
  • Experience with ISDA documentation and CSAs
    1. Technical Skills
  • Proficiency in collateral management systems
  • Strong Excel and data analysis skills
  • Any Digital Tool
    1. Soft Skills
  • Strong analytical and problem-solving abilities
  • Excellent communication and interpersonal skills
  • Leadership and team management capabilities
  • Ability to work under pressure and meet deadlines
    1. Knowledge Areas
  • Deep understanding of UMR phases and requirements
  • Familiarity with global regulatory frameworks (EMIR, Dodd-Frank)
  • Knowledge of different collateral types and eligibility criteria
  • Understanding of market risk and counterparty credit risk

 

 

 

 

Mandatory Skill Set :

  • Required Enhanced computer skills, MS Excel Good written and verbal communication skills 
  • Ability to handle multiple tasks at one time 
  • Good team player, ready to work in shifts. Time management and prioritization skills. Ability to handle pressure, high volume and risk. 
  • SME in Collateral Management with understanding of upstream booking and downstream settlement processes.
  • Knowledge & Experience of systems like Acadia, Trioptima.
  •   Graduate with relevant experience in Investment Banking operations, preferably in a similar process or MBA Finance or relevant post graduate finance qualification.
  •   Working knowledge of Digital tools like Alteryx, Python.

 

 

Desired Skill Set :

  • Desired Understanding of the whole trade life cycle. Experience in IB operations Collateral
  • management

 

Position Specifications:

 Experience :5 - 8 years

Qualification : Graduate / MBA

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