Ms Derivatives- Middle/back Office - Bengaluru, India - KEPIO ENGINEERING SERVICES PVT.

KEPIO ENGINEERING SERVICES PVT.

Verified Company

Bengaluru, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Role:
Market Specialist - Derivatives

Contractual Role for 12 months

Location:
ANZ, Manyata Tech Park

Shift - Rotational

Experience level: 3-5 yrs

Qualifications - Bcom, BBA, Mcom, MBA graduates

JOB ROLES & RESPONSIBILITIES:

Handling mark to market with all counterparties.
Covering exposure on daily basis by marking daily.
Price amendments on deals in case of breaking to match the Cp to smooth functioning
Balancing internal system total with DTCC total before & aftermarket cutoff.
Responsible for timely settlement of trades to maintain mínimal fail costs.
Funding for Exchange and OTC trades for CAD and MXN market.
Funding for buy sell trades for the day which is done with BBH custodian.
To check with the custodian and counterparty if we have sufficient shares to deliver or receive the shares for settling the trades.
Contacting custodian/Counterparty about settlements Query and simultaneously work with stock loan team to Cover the shares that are short and get the trade settle on time to avoid the operational Risk.
Perform Prematching to ensure all the trades are matched and to have less risk of trades failing.
Reconciling and resolving trading exceptions such as invalid Security ID, invalid Broker, invalid fund ID, and financial mismatches in trade by working with other business areas including Middle Office, Securities setupteam, Static Data team and IT team.
Transfer of cash from one account to the other account to cover the short position in the internal accounts of Brazil market.
Sending cash transfer by using swift (MT 202, MT 103)
Paying Coupon payment to Client on the monthly, quarterly basis for SG Structured products and to get confirmation from client.
Validation of Coupons in BO book to offset the breaks.
Checking out price of security before sending it to counterparty to exchange cash on settled L&B deals daily.
Successfully migrated P4 process which added business value with new 3 counterparties.
Completing work in deadlines, with quality, Timeliness, and SLA.
Daily reporting of MIS to update clients on status of work completion and pending.
Taking initiative in performing adhoc activities in addition to my defined job profile.
Interaction with onshore on weekly basis on errors.
Preparing reports such as Mid-Day and EOD reports daily giving details of trades booked and of trades stuck up in exception queue due to distinct reasons.
Liaise with counter party for all trade amendment related queries and any discrepancies to get it matched.
Covering our internal accounts withdrawing and depositing accounts by using swift app.
Chasing MO, FO team and borrow team to avert buyin.
Handle Buyin issues and intimating Stock Loan team and Trade Support team to avert buyin.
Reconciling trade discrepancies with Counter Parties to get it matched.
Working on cash and Stock breaks to resolves discrepancy with BO book to match up custodian account.
Validation of trades by adding appropriate broker details to settle the trades.
Exchanging the cash with all counterparty's by using DTCC SPO charges.
Preparing and sending collateral exposure report daily to top management including oversight team.
Reclaim of shares or cash in DTC platform with multiple counterparties.
Covering our account if we have short of by informing our funding team.
Posting quartz as part of recon activity which will help to reduce the breaks in our BO system.
Successfully migrated process from SG Paris to SG Bangalore FLB entity settlements.
Monitoring all the funds were sent or received from respective Cp's
Working on exceptions which we get request from our MO team as one of cases.
Working on rollovers and cash outs as a part of reconciliation.
Closely working with BA team in the process of receiving and simplifying process.
Setting up control checks as and when it required during initial phase of business set up.
Preparing SOP's and updating same as and when process gets updated.
Authorizer for all payments done in team which goes out to client end for further release.
Monitoring & managing the team to make sure all the SLAs are met promptly.