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.
Ops Group Description:
The Derivative Operations Department is responsible for the operational support front to back for OTC and ETD 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
Ops Job Description:
We are seeking a Pune, India-based Futures Analyst to join our Derivative Operations team.
- Support all aspects of collateral management covering futures and listed derivative instruments
- Provide quality control and maintain data oversight of internal and external asset record keeping
- Participate in projects for automation and process improvements as relates to collateral management, dispute resolution, cash/securities settlement, position reconciliations, and cash management
Describe the role:
The Futures Sr. Analyst is primarily responsible for supporting the margin needs and transaction reconciliation resulting from futures trading working closely with our middle office, valuation and portfolio reconciliation teams while liaising daily with our counterparties. In their day-to-day responsibilities, the Futures Analyst will be responsible for assessing if margin calls need to be issued or accepted, determine eligible assets to deliver as margin and enter into margin transactions with counterparties while minimizing operational risk. The Futures Analyst will collaborate with both the front and middle office in the escalation and resolution of transaction breaks and margin issues and as well as with the technology team to support enhancements across applications. This position will report to the manager of the Futures Operations 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.
The key job responsibilities include, but are not limited to:
Specific responsibilities may include but not be limited to:
- Daily Margining of assigned Agreements/Relationships
- Contact counterparts to agree on margin calls within the prescribed time frame
- Settlement of margin in Support of Global clients
- Daily reconciliations of futures transactions
- Reporting of margin activity
- Performing FX, interest, fee and dividend transactions
- Account setup and maintenance, including onboardings and closures.
- Ad-hoc projects as needed
- Participate in team projects to enhance workflow and support changes in industry regulations related to derivatives.
- Provide superior client service.
What makes this role unique or interesting (if applicable)?
What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?
This role will offer candidates an opportunity to develop a deep understanding of the OTC markets, honing professional skills on presenting to senior audiences and the opportunity to grow within a niche part of the financial industry
Job Qualifications (The ideal candidate should have the following):
The ideal candidate should have a Bachelor’s degree (or equivalent) in finance, economics or another relevant discipline from a recognized University with sound knowledge of Capital Markets. 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
- Flexible for night shifts (Rotational)
Pune, India
