Managed Service Operations Manager - Margin Manger position

Job Description

Margin Manager Position - Experience : 9-12 Yrs:-Job DescriptionAre you curious, motivated, and forward-thinking At FIS you ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.About the teamIn today s highly competitive private equity market, firms must not only deliver superior returns, but also respond to more stringent reporting requirements and increasing demands for information both from within and outside their organization. Throughout the industry there is mounting pressure on organizations to do more, requiring a clear technology strategy that not only addresses the demands of today, but also enables the growth and performance of tomorrow.What you will be doingThe primary function of the role will be to perform and ensure timely covering of collateral requirements with exchanges/clearing houses per deadline and accurately recording those in intenral system for exchange traded derivative. It also involved passing on the collateral reuirements to client and ensuring the settlement with end client of the broker. Broker in this is the clients that FIS supports.This job role requires key attention to detail, good understanding of collateral management concepts like type of collateral requirements like initial and variation margins, Listed Derivatives product understanding (Rates,CDS,Futures and Options), CCPs break investigation, Nostro breaks investigations and provide resolutions in a timely manner.it also involved good understanding of toold like excel and outlook.What you bring:Knowledge / Experience

• Manage the delivery of the daily collateral management activies as per the Service Level Agreements (SLAs)
  • Ensure daily collateral requirement with clearing houses and exchange met on time using the payments systems and ensure that these gets processed without any issues.
  • Ensure the end client collateral figures are agreed on time and settled on time as per the respective currency cut offs.
  • Recording the daily collateral moves in respective back office systems like GMI.
  • Ensure daily reporting are submitted on timely basis to internal and external stakeholder on various aspects like outstanding margin calls/disputed margin calls/ rolled over call for client, daily exchange/broker movements.
  • Lead and participate in projects with regards to systemic upgrades, regulatory change, client mandated change.
  • Identify, resolve and escalate issues in a timely manner in order to meet the required service standards
• Change Management/process improvements
  • Proactively identify areas for performance and control improvements
  • Understand the changes/amendemnts required in existing process functions or static for Reconciliations due to new client onboarding, market or broker changes or brokers onboarded, test the changes and ensure their implementation without any issues.
  • Articulate business cases to management/change/IT to execute and deliver on suggested improvements

• Client Service
  • Build strong relationships with all client stakeholders, end clients, client representatives, finance teams.
  • Co-ordinate with different teams like reconciliation, clearing and static for timely response and resolution of all queries.
  • Ensure accuracy and clarity in all deliverables to client stakeholders.

• Risk Management
  • Monitor controls and checks associated with tasks in SOPs. Document these change in timely manner.
  • Constantly analyse all activities to close potential risks, gaps and implement preventative/detective controls
• Ensure timely escalations in the event of a risk incident or whenever management attention is needed on a potential issue

Skills

• Minimum of 2-5 years of work experience in in Futures/Options collateral management/ bilaterall collateral management process.
• Good understanding of systems like GMI, FBOS.
• Good knowledge of Clearing Houses like ASX, LCH, EUREX, ICE Clear, CME, HKEX, SGX etc
• Good understanding of the trade life cycle, collateral management, upstream dependencies and how it impacts processes downstream around reconciliations so that complex queries can be addressed accurately and in a timely manner.
• Good understanding of exchange traded derivatives like rates, CDS, Futures and options concepts like initial margins, variation margins, options premium etc.
• High attention to detail and quality of outputs delivered
• Analytical and can solve problems quickly and innovatively
• Dynamic outlook, with the ability to adapt and change plans on the fly
• Delivery focused; results driven

Excellent communication and time managementQualifications

• Bachelor s degree in Computer Science or equivalent

Competencies

• Fluent in English
• Excellent communicator ability to discuss technical solutions to internal and external parties and adapt depending on the technical or business focus of the discussion
• Attention to detail track record of authoring high quality documentation
• Organized approach manage and adapt priorities according to client and internal requirements
• Self-starter but team mindset - work autonomously and as part of a global team

What we offer you

• A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
• A broad range of professional education and personal development possibilities FIS is your final career step!
• A competitive salary and benefits
• A variety of career development tools, resources and opportunities

With a 50-year history rooted in the financial services industry, FIS is the worlds largest global provider dedicated to financial technology solutions. We champion clients from banking to capital markets, retail to corporate and everything touched by financial services. Headquartered in Jacksonville, Florida, our 53,000 worldwide employees help serve more than 20,000 clients in over 130 countries. Our technology powers billions of transactions annually that move over $9 trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor s 500 Index.FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the FIS Online Privacy Notice.Privacy StatementFIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.Sourcing ModelRecruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.#pridepass,

Keyskills :
customer servicesalesmanagementreportingagileexchange traded derivativestrade life cyclelife cycleback officestatements of work sow