FIS
RepresentativeSenior,BPSDerivativesOperations
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“Representative Senior, BPS Derivatives Operations at FIS. Skills: Margin & Collateral Management, Derivatives Operations, Cross-functional coordination. Manage daily collateral management activities per SLAs.. Ensure daily collateral requirements met on time.”
What You'll Achieve.
Ensure timely covering of collateral requirements; Accurately recording those in internal system; Passing on the collateral requirements to client; Ensuring the settlement with end client; Meet the required service standards; Ensure accuracy and clarity in all deliverables to client stakeholders; Close potential risks, gaps and implement preventative/detective controls; Meet conflicting priorities by ensuring effective prioritization and meeting the business demands
Industry & Context.
Analytical and can solve problems quickly and innovatively; Ability to exhibit solid decision-making and problem-solving skills
What They're Looking For.
Must Have
Minimum of 2-8+ years of work experience in in Futures/Options & OTC collateral management/ bilateral collateral management process., Good understanding of street wide systems in Exchange Trade derivatives like GMI., Good knowledge of Clearing Houses/Exchanges like ASX, LCH, EUREX, ICE Clear, CME, HKEX, SGX, Good understanding of the trade life cycle, collateral management, upstream dependencies and how it impacts processes downstream around reconciliations so that complex queries can be addressed accurately and in a timely manner., Good understanding of exchange traded derivatives products like rates, CDS, Futures and options concepts like initial margins, variation margins, options premium etc., High attention to detail and quality of outputs delivered, Analytical and can solve problems quickly and innovatively, Dynamic outlook, with the ability to adapt and change plans on the fly, Delivery results driven, Excellent communication and time management, Skill in project management, organization, communications, analytical and people skills, Skill in leading, supervising and managing effectively under pressure, Ability to be comfortable interacting and maintain positive working relationship with other stakeholders, Ability to analyze business needs and determine related information services support, Ability to manage activities and problem areas, Ability to delegate tasks to qualified subordinates as appropriate, Ability to lead, direct and manage effectively, Ability to operate independently, Ability to exhibit solid decision-making and problem-solving skills, Ability to communicate effectively verbally and in writing, Ability to build strategic roadmap for the function and further expansion of scope of functions, Ability to contribute towards budget saving automation ideas, Ability to meet conflicting priorities by ensuring effective prioritization and meeting the business demands
Nice to Have
Experience dealing with large financial services clients., Knowledge of Front to Back Cash/non-cash Settlement platforms/flows., Experience in Cash & Nostro Reconciliations for ETD & OTC Derivatives
What You'll Do.
Manage daily collateral management activities per SLAs.
Ensure daily collateral requirements met on time.
Ensure end client collateral figures agreed and settled.
Record daily collateral moves in back-office systems.
Submit daily reporting to stakeholders.
Lead and participate in projects.
resolve and escalate issues.
Change Management/process improvements.
Proactively identify performance improvements.
Understand process changes for Reconciliations.
Test changes and ensure implementation.
Articulate business cases for improvements.
Build relationships with stakeholders.
Co-ordinate with different teams for query resolution.
Ensure accuracy and clarity in deliverables.
Monitor controls and checks in SOPs.
Analyze activities to close risks.
Implement preventative/detective controls.
Ensure timely escalations for risk incidents.
How You'll Work.
Team & Collaboration
Build relationships with all internal stakeholders, end clients and end client representatives.; Co-ordinate with different teams like reconciliation, clearing and static for timely response and resolution of queries.
Communication Scope
Excellent communication; Ability to communicate effectively verbally and in writing
Process & Methodology
Project management, Lead and participate in projects with regards to systemic upgrades, regulatory change, client mandated change., Ability to build strategic roadmap for the function and further expansion of scope of functions
Full Job Description
**Margin & Collateral Management – ETD / OTC (Analyst / Sr. Analyst)** As the world works and lives faster, FIS is leading the way. Our fintech solutions touch nearly every market, company and person on the planet. Our teams are inclusive and diverse. Our colleagues work together and celebrate together. If you want to advance the world of fintech, we’d like to ask you: Are you FIS? **About the role:** This role requires strong expertise in exchange-traded and/or OTC margin & collateral management, including margin calculation validation, margin calls, dispute management, and collateral settlement lifecycle. The candidate should have hands-on experience in initial margin (IM), variation margin (VM), bilateral collateral, and CCP margining, along with strong understanding of derivatives products and margin workflows across clearing houses and clients. **About the team:** The primary function of the team is to perform and ensure timely covering of collateral requirements with exchanges/clearing houses per deadline and accurately recording those in internal system for exchange traded derivative. It also involved passing on the collateral requirements to client and ensuring the settlement with end client of the broker. Broker in this is the clients that FIS supports. **What you will be doing:** * Manage the delivery of the daily collateral management activities as per the Service Level Agreements (SLAs) * Ensure daily collateral requirement with clearing houses and exchange met on time using the payments systems and ensure that these gets processed without any issues. * Ensure the end client collateral figures are agreed on time and settled on time as per the respective currency cut offs. * Recording the daily collateral moves in respective back-office systems like GMI. * Ensure daily reporting are submitted on timely basis to internal and external stakeholder on various aspects like outstanding margin calls/disputed margin calls/ rolled over call for client, daily excha
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