Company Description:
As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.
With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.
Describe the role:
Job Description Summary
We are seeking a Pune-based Collateral Management Operations Analyst to join our Derivative Operations team.
Team/Group Description
The Derivative Operations Department is responsible for the operational support front to back for OTC derivative instruments used across each of the Strategic Business Units globally. The group will perform middle office, valuation, collateral management, confirmation, reconciliation and settlement of this complex asset class in a team based fast paced atmosphere with opportunities to work closely with others throughout the group.
Role Description
The Collateral Analyst is primarily responsible for supporting the collateral needs resulting from OTC, Cleared OTC, Exchange Traded, TBA/Pool trading working closely with our middle office, valuation and portfolio reconciliation teams while liaising daily with our counterparties.
Applications and business or enterprise functions the role supports
In their day-to-day responsibilities, the Collateral Analyst will be responsible for assessing if margin calls need to be issued or accepted, determine eligible assets to deliver as collateral and enter into collateral transactions with counterparties while minimizing operational risk. The Collateral Analyst will collaborate with both the front office and legal in the escalation and resolution of security encumbrance restrictions, agreement negotiation as well as with the technology team to support enhancements across applications. This position will report to the manager of the Collateral Management Operation team within the Derivative Operations & Technology Department. In this role one should be familiar with various OTC derivative products, proficient with PC skills and be comfortable working in a fast-paced environment.
Key job responsibilities include, but are not limited to
• Daily Margining of assigned Agreements/Relationships
• Contact counterparties to agree on margin calls within the prescribed time frame
• Settlement of margin in support of global clients
• Maintain eligibility criteria and customer account master static data as per terms of CSAs, clearing agreements, repo agreements
• Reconciliations of Trades, MTM, Minimum Thresholds and resulting Collateral call
• Reporting of collateral activity
• Ad-hoc projects as needed
Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)
The role provides in-depth knowledge of the derivative products suite and the operational support for the portfolio management teams.
Job Qualifications (The ideal candidate should have the following)
The ideal candidate should have a degree in finance, economics or another relevant discipline. Preferred 1-3 years’ experience supporting middle office or collateral operations related to OTC and/or Listed Derivatives on the sell-side or buy-side is preferred, but not required. Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert
audiences.
Qualifications, Experience, Education
• Excellent communication skills - both written and verbal
• Proven Team orientation skills
• General understanding of Risk & PnL
• Strong control focus - ability to understand and highlight operational risk
• A flexible proactive attitude towards work balanced with effective time management and prioritization skills
• Ability to contribute to the ongoing development of processes
• Proficiency of Microsoft Office Applications, specifically Excel
• Motivated, positive “can do” attitude
• Proven ability to learn quickly
• Bachelor's degree (or equivalent degree)
Skills
• Strong analytical problem-solving skills along with oral and written communication skills.
• Attention to detail
Pune, India
