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Margin & Collateral Analyst- NCMR - Team Leader

2.00 to 4.00 Years   Mumbai City   09 Sep, 2021
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaStatistics / Analytics
EmploymentTypeFull-time

Job Description

J.P. Morgan is a global leader in financial services, offering solutions to the worlds most important corporations, governments and institutions in more than 100 countries.Derivative Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees. Services provided to our Businesses include:

  • Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
  • Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices
OTC Derivatives Operations supports a global and diverse client base. Primary functions performed: affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, and tax reporting. Facilitate transaction execution via a best in class systematic control framework, providing integration between risk systems (Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead).
  • Manage a portfolio of 2.5M live trades
  • Monthly settlement of 600,000 payments (100% increase vs. 300,000 in 2010)
  • 70,000 Dodd Frank MTM and client valuation statements issued on a daily basis
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.Location DescriptionMumbai is one of our largest locations within India. Finance is a passion here, and we ve been respected in the city since 1922. Mumbai is one of India s most attractive cities with beautiful parks, avenues and impressive buildings. Parts of the city are amongst the most modern and westernized areas of India. We have seven sites in Mumbai, and each one offers private canteens, large break rooms and state-of-the-art facilities. Our teams here are business drivers. You can join them as you learn and grow. Join us, and you too can be part of it.Job DescriptionPerson will be responsible for Margin calls management, Regulatory adherence for all upcoming NCMR regulations, cross LOBs metrics and projects and building the culture of Continuous Improvement supporting business across Back Office, Middle offices as well as Global teams. The individual will be interacting with multiple Operations & technology teams within the organization to (re)design process.Summary of Responsibilities
  • Daily Margin Exchange Same day settlement/Exception management
  • Supervisory controls around collateral exposure management
  • MTM Breaks: Including Data Quality, strategic projects etc.
  • Continuous Focus on deep dive and fixing on upstream issues to keep the breaks to minimum.
  • Resolving Breaks with Middle Offices/Credit risk/VCG etc.
  • UAT testing
  • Key role in regulatory compliance CFTC, EMIR, NCMR, MIFID etc.
  • Improving controls in the process & ensure 100% accuracy and compliance to Regulatory rules
  • Manage any new analysis requirements across multiple stakeholders
  • Regular update to senior management on BAU, projects etc
  • Collateral Dispute Management
  • Strategic automation projects
Skills and Qualifications
  • CA/ MBA with 2-4 years / Graduate or Post-Graduate with 3-6 years experience in operations.
  • Familiarity with a global banks process & operational. Strong business knowledge i.e. Investment Banking, including OTC product, process and system knowledge.
  • Ability to drive results through a hands-on approach
  • Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization
  • Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, Access and Project
  • Can operate effectively in a dynamic environment with tight deadlines, and can prioritize ones own and team s work to achieve them
  • Flexibility to work global hours and willing to travel globally, if needed
  • Extensive Knowledge on CFTC/EMIR/NCMR rules
Experience on Collateral/Confirmations/Portfolio Reconciliation/Exposure to Tri optima will be an advantageWould suit someone looking for a flexible working opportunity,

Keyskills :
salescustomer relationsslaqualitycoachingms officefx tradingback officedata qualityclient moneyrisk systemsmusic makingdrive resultsevent managementsenior managementcontrol framework

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