Manager - Operations

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Business Descriptor

Securities Services provides robust and reliable solutions that enhance performance and mitigate risk, today and in the future. Working with institutional investors, banks, insurance companies, governments and multinational corporations. Markets and Securities Services offers a range of fund administration, global custody, sub-custody and clearing services.

We are currently seeking an experienced professional to join the Markets and Securities Services team.

Principal Responsibilities:

• The role is within the Derivatives Clearing Team that manages the end-to-end operational activities such as collateral movement, risk management and trade confirmation and daily settlement.
• The role requires strong understanding of the securities markets along with knowledge about derivatives as a product, trade life cycle, market regulations and relevant risk principles associated with exchange traded derivatives.
• Critical role activities involve collateral movement, upstreaming and downstreaming, client trade confirmation, margin monitoring, limits monitoring, MTM monitoring and settlement, client reporting, etc.

Qualifications/Requirements:

• A minimum of 7-8 years of relevant work experience
• Professional Masters / Post Graduate degree preferred
• Capital Market knowledge is preferred

Major Challenges:

• Managing services and identifying risk areas within the area of control to meet and beat customer expectations
• Ensure that the activities are done accurately and within market cutoffs.
• Ensure staff development and motivation.
• Anticipating future client requirements and developing the capabilities to meet the same
• To operate flexible systems

Role Context:

• The Indian capital market is complex and hence it is extremely challenging to continuously offer superior service and flawless execution to our customer base, which are very demanding large institutional clients.
• Additionally, the Custody / Derivatives business is extremely competitive where a single client win / loss can result in revenue worth millions of USD getting impacted. The size of transaction intensifies the operational risks and small error can lead to financial and reputation impact. The custodian, including the operations section, is expected to be a partner to the client through the close liaison with CSV.

Pro-tip : Familiarity with AI-enabled tools is an advantage.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India