Assistant Manager Clearing

Job Description

Middle-office
• Be the 1st point of contact for all counterparties (clients, brokers, CCPs) with regards to trade allocation/clearing
• Top day trade monitoring and allocation for involved exchanges to ensure STP trade flow
• Follow up of pending trades closely and ensure all clients trades are booked at T day
• Perform timely reconciliation between internal systems and Exchanges ones
• Identify, assess, monitor and control the risks of the activity
Back office
• Clearing Houses vs Back Office Reconciliations (margins, premiums , positions, initial margins)
• Ensure that reports sent to clients are reliable
• Manage daily payments and intra-day margin calls
• Ensure that all clients related issues, queries and request are addressed in an efficient, accurate and timely manner
• Monitoring of corporate action events impacting the underlying contracts
• Follow up of instructions settlement processing
• Maintenance of the accountancy balance (Market fees reconciliation, CCP vs client cash flows )
• Participate in projects to drive the business forward to deliver internal or market system releases (Market releases, MO/BO tools enhancements )
• Monitoring position for T and t+1
• Process the reconciliation vis- -vis the clearing house (trades, position, premium, Initial margin, variation margin, fees etc.) for various markets across globe.
• Follow-up & solving client queries
• Adhere to daily checklist to ensure controls are followed.
• Contributing ideas to improve the process by identifying appropriate control measures.
• Ensure importance is given to four eye validation for each activity
• Managing BAU emails/ phone calls related to Listed Derivatives
• Ensure proper documentation for the purpose of risk and audit trail
• Abiding the Service Level Agreements.
• Ability to work independently, as well as in a team environment, prioritizes multiple
• Tasks and meets strict deadlines.
• Highlight any unresolved open items to the respective process Managers.
Risk control
• Monitor activity progress against the goals and take appropriate corrective action as and when it is required
• Control and ensure that all tasks are processed accurately and on a timely manner
• Identify risk, suggest implementation of a first level of control.
Contributing Responsibilities
• Deal with client and brokers issues escalated by the team and share it with the management when appropriate
• Participate in client visits (if required) and conference calls
• client focus
• Collaborate /Liaise with other BNPP teams/stakeholders.
• Ensure that procedures are updated and validated on a timely manner
• Perform and updated the status of the assigned tasks in the daily task checklist.
• Breaks analysis and dispute resolution
Technical & Behavioral Competencies
• Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
• Knowledge of Exchange Traded derivative products /ETD Clearing.
• Experience of the commodity exchanges and CCPs platforms - preferable though not required
• Flexibility to accommodate business requirements and working hours.
• Ability to use Excel at an intermediate level - essential
• Excellent numerical and analytical skills - essential
• Ability to analyse large volumes of data
• High attention to detail and quality focused
• Be comfortable with escalation and managing issues as they arise
• Forward thinking and proactive with the ability to question process
• Ability to work under pressure
• Team Player
Specific Qualifications (if required)
• Bachelor s degree from a college or university
• Strong Communication skills and client focus oriented
• Fundamental understanding of clearing /Futures & Options markets.
• Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)
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Keyskills :
salesmisaccountstatbankingexchange traded derivativesback officefront office