Lead - Collateral Management

The Margins, Port Recs & Dispute management teams within GSC CCR oversee the daily reconciliation of OTC collateralized trades (under ISDA/CSA), and must ensure the fast and accurate correction of identified discrepancies, relying on appropriate teams: TSU, Back-offices, MACC (in charge of valuation), external clients.

Reconciliation & Dispute management responsibilities:

• Analyze and then validate or correct, as appropriate, the automated trades matching performed within the Reconciliation tool used by SG and the Industry (TriOptima),

• Perform the portfolio reconciliation (using TriOptima, E-Rec or manually) and analyze, categorize and explain the transaction discrepancies between SG and the Counterparty, investigating and identifying the root-cause with the help of appropriate business partners (TSU, MACC, CCR on-shore). The identified root-cause need to be investigated and tackled in a sustainable manner.

• Analyze the discrepancies in terms of products scope between SG and the Counterparty’s portfolio, and ensure the resolution with the help of appropriate teams (CCR, Legal, ITEC, etc.)

• Actively participate to the improvement of our processes, ensuring compliance with our internal procedure and Regulators. Maintain the SOP up to date.

• Participate to the production of KPI/KRI indicators,

• Report and escalate any incident / alert to the management in a timely manner.

Margining responsibilities:

• Issuing notification, issuing margin calls, agreement of Margin calls to receive/ to be paid) with the Clients, Booking in Colline, substitutions etc.

• Settlement of collateral (cash, securities) for VM & IA - Interest management

• Perform the Accounting and handle the Nostro reconciliation

• To ensure BAU are being performed in accordance with the SOP & no deviations

• Ensure all the SLAs are met, including the mailbox management.

• Ensure Client confidentiality is always adhered

• Demonstrate a high level of accuracy & avoid repetitions by working with your direct manager and ensuring smooth flow of BAU.

• Ensure the KPI/KRI is regularly updated to assist your manager in publishing the same to rest of the stake holders.

• To aim at working independently on the process.

• Reporting of incidents immediately to the reporting Manager.

• Ensure any new additions to the process are communicated to your direct Manager and SOP is updated accordingly.

• The incumbent to participate in all team meetings, Department meetings and Town hall when invited and contribute to the meetings constructively.

Other responsibilities:

• Participation in WB on a regular basis with necessary contribution towards the discussions.

• Participation in the PSS and make contribution and contribute in resolving the problems at hand. Sometimes the incumbent is required to take charge of leading the PSS too.

• Work closely with the stakeholders for effective resolution of breaks (Cash, Securities, unmatched, MTM etc.)

• Escalate and report client incidents immediately to your reporting Manager and log onto Trouble tracker

• Attend the Sessions organized on the Operational risk matters in consultation of your direct Manager.

• Ensure high risk items / situations are escalated to supervisors in timely fashion. Ensure all risk incidents are escalated to reporting / functional line manager in a timely fashion and are tracked till resolution.

• Assist team to ensure smooth functioning of the process by ensuring all day-to-day tasks are completed by the agreed deadlines, error free processing and accuracy by arriving at speedy and proper resolution of the escalations.

• Analyze and understand all the scope of activities managed. Ensure the SLAs / thresholds on the respective activities, breaks are adhered to all times and followed up effectively for

• Ensure daily checklists, Controls are followed and effectively utilized.

• Effective mailbox management ensure all the queries received from the internal/external clients are responded.