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Manager, Derivatives

Zoek Pin Pune, Pune Division, Maharashtra

Permanent (Full time)

About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world s most sophisticated clients using leading technology and exceptional service.

Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
We d love to learn more about how your interests and experience could be a fit with one of the world s most admired and ethical companies. Build your career with us and apply today.

Summary

Role: Section Manager reporting to Operations/Division Manager

Key Duties and Responsibilities:

Process Management
Supervise team working responsible for Collateral Management for global derivatives practice
CSA documentation and static setup according to legal language
Daily margin call pledging, processing and market settlement
Exception and Dispute Management,
Client reporting and engagement
Ensure transactions are efficiently supported and ensure seamless day-to-day processing
Taking ownership for all the deliverables being sent out by the team with proper review checks
As derivatives SME, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
Maximize the teams operational efficiency and strong process controls by monitoring workflow distribution and managing the allocation of resources within the team
Implement consistent best practice and monitor the standards as agreed by global operating models
Determines staffing needs, including hiring and performance improvement decisions, handles salary administration, and ensures resources are available to accomplish priorities

Team Management
Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit including business objectives
Coaching and mentoring to create strong leadership pipeline and cross-training within team
Steer the implementation of the business plan, short-term and long-term projects as per client and market requirement

Risk Management
Understand operational risk and how to mitigate it
Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organized and controlled
Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties

Knowledge/Skills
Extensive knowledge/experience in financial markets, Derivatives products, global markets cut-offs and market settlement is required. Good to have current / past experience of collateral management process
Strong understanding of regulatory reporting, upcoming UMR phases and other regulatory requirements in Derivatives space
Role requires managing a team working 24*5, candidate should be flexible working in any shift as per the process/team requirements
Interpersonal (relationship builder, respectful, resolves problems, people friendly and organizational savvy)
Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)
Self-management (adaptability and resilience, learning behavior, integrity and ethics and relationship builder)
Motivation (performance standards, achieving results and persistent)
Client Service and Quality (quality, relationship building and client satisfaction)
Administration (anticipates needs, execution, planning, process specialist, quality seeker and time management)

Experience

Minimum Qualifications (Education, Experience, Skills)
Candidate to have 9+ years experience in related industry ( Derivatives operations, Accounting, Finance, Valuations, Capital markets, Custody)
Minimum experience of 3 years in managing teams
Graduate in Accounting / Economics. Additional qualification in accounting / finance preferred (., CA/ CS/ CWA/CFA/ MBA)
Additional Information,

  • *Education* (Other) MBA/PGDM (Operations)
  • Company Name:Northern Trust
  • Company Description:Everything we do at Northern Trust is designed to help our clients achieve their vision of greater –however they define it. We work with the world’s most successful individuals, families and institutions to transform their plans into action and help them reach their most ambitious our three core businesses – wealth management, asset management and asset servicing – our thought leaders and market influencers work toward bringing you closer to your vision of success. Because the landscape constantly changes, so do we – always arriving at new insights, strategies and technologies.

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Posted 10 days ago

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