Derivatives - Emerging Lead

Recruiter
State Street.
Location
Bangalore, India
Salary
Not disclosed
Posted
10 Aug 2022
Closes
09 Sep 2022
Ref
R-712685
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Responsibilities & Tasks Include:

  • Carry out basic and complex processing and valuation functions in accordance with established procedures.
  • Ensuring the accuracy and timeliness of the team’s deliverables
  • Reviewing/auditting trades processed by other team members to ensure accuracy
  • Ensuring compliance with standard operating procedures and write new procedures where required
  • Train new employees until they are prepared to handle function without oversight
  • Respond to internal queries from Accounting or Client Service teams
  • Overview to reconciliation breaks regarding cash or position breaks
  • Resolution of queries with internal teams, clients, vendors, counterparties etc.
  • Answer and handle complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.
  • Quality control - Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed.
  • Coach and offer help to less experienced staff
  • Work closely with inter-departmental contacts to ensure that the required deliverables are delivered with high quality
  • Identify risk issues, breaches and act in accordance with the 'risk' escalation chain and operating procedures
  • Resolution of queries with internal teams, clients, vendors, counterparties etc.
  • Be accountable for assigned tasks and deadline.
  • Work closely with the Team Leader/Managers and bring issues that require management attention on a timely manner
  • Support the business to offer great quality client service and ensure that the assigned deliverables are planned and delivered efficiently
  • Be accountable for assigned tasks and deadline for self and for the team
  • Quality control - Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed
  • Documentation – Be able to review and correct the process documentation such as process flows, Standard Operating procedures (SOPs) and coach the team
  • Understand the end to end process and be able to seek support to clear out inter process upstream / downstream dependencies. Suggest process improvements and be able to seek support to drive projects to create efficiencies / enhance controls
  • Understand the client requirements and guide the team towards efficiently managing its deliverables
Job Requirements:

Education and Experience
  • Bachelor degree or above
  • 5.5+ Experience in financial services and/or a back-office operations environment. Derivatives trade processing related experience is a must
  • Strong Excel skills would be an added advantage
  • Strong reconciliation and knowledge of financial concepts (Derivatives and Regulation) is required
  • Flexibility with shifts
Skills/ Knowledge
  • Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.
  • Accumulate, retain and use knowledge of OTC derivatives associated with process.
  • Advanced working knowledge of accounting fundamentals with respect to the workability of various financial instruments, especially derivatives
  • Expert knowledge of Internal Systems, MS office (excel, word) and good working knowledge of MS PowerPoint. Knowledge of database management systems MS access / Visual basic/ Macros would be an added advantage
  • Strong mathematical and analytical skills essential
  • Data & Analysis - Posesses strong attention to detail. Demonstrate good analytical skills in resolving the team issues and facilitates decision making
  • Knowledge of derivative instruments (OTC in specific) is a must
  • Ability to manage time and work well in a fast paced, high volume atmosphere; prioritize effectively
  • Support the team management managing BAUs and projects.
  • Lead and support the Learning and Development initiatives for the team and demonstrate complete ownership.
  • Highly organised
  • Excellent attention to detail
  • Ability to meet deadlines and possess strong problem solving and resolution skills.
  • Detailed oriented individual capable of performing in a high pace environment
  • Ability to work independently as well as a team player
  • Strong written and verbal communication skills
  • Strong problem resolution skills
  • Should possess good time management skills

For further information, and to apply, please visit our website via the “Apply” button below.

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