Treasury & Securities Services (TSS) is a leader in the delivery of global securities, cash processing and information services to multinational corporate, entrepreneurial growth companies, banks, non-bank financial institutions and public sector/government clients worldwide. TSS is made up of Treasury Services and Worldwide Securities Services (WSS). Global Derivatives Services (GDS) are part of WSS.

GDS provides Over-the-Counter (OTC) derivatives support to institutional clients, asset managers, hedge funds and insurance companies who have outsourced part or all of their operations to  Key components of the product are:

Valuation - daily valuation service across all OTC derivatives instruments (credit, equity and interest rate)

Lifecycle Management - trade confirmation, trade maintenance, trade support

Management of Settlement - including resolution of breaks

Reconciliation Services - around valuation, cash and confirmation processes

Supporting Collateral Valuations

Accounting Service - financial accounting and reporting based valuation service

Analytics - management information detailing the basis for valuation, explanations of movements, market commentary

IV. Job Description

The incumbent will be performing the Operations Control Management (OCM) function in GDS Mumbai with a direct reporting line to the Head of IBO Risk Management in India, and a dotted line reporting to the GDS UK Controls Manager.

Under direction from the GDS UK Controls Manager, and in close co-operation with the UK and US OCM Team, the candidate is responsible for operational risk and controls oversight in the GDS Mumbai Operations Hub.

Key OCM functions include:

n       Incident Management and Issue Escalation

n       Daily Health Check Reporting

n       Errors, Fines & Losses, Compensation and Management Reporting

n       Key Risk/Performance Indicators and Management Reporting

n       Process and Controls Reviews / Quality Assurance Testing Programme

n       Special Investigations

n       Control Self-Assessment

n       SAS70

n       Audits and Regulatory Reviews Coordination

n       Business Resiliency and Continuity Planning and Testing

Also, as a member of Risk Management in Mumbai & Bangalore, the candidate will be responsible for ensuring that

n       Local risk and control policies are implemented and adhered to

n       Local compliance policies are fully complied with

He/she will strive to

n       Achieve satisfactory external and internal audit ratings

n       Safeguard against regulatory/compliance issues

n       Minimise operational errors and near misses

n       Facilitate standartisation of risk management framework and common approach across sites in the Global Operations

V.  Job Requirements

Competencies:

• Background in Risk Management, Controls, Compliance, Oversight is preferred
• Knowledge of OTC Derivatives and Fund Accounting is preferred
• Strong analytical / problem solving skills
• Ability to understand and interpret impact of policy and procedural changes, as well as ability to identify and convey potential problem areas
• Teamwork - Creates and/or contributes to an environment of collaboration and mutual responsibility (e.g. effectively influences others to gain cooperation and address issues; initiates and is responsive to requests from other products, regions, etc.)
• Ability to work independently and communicate  timely and effectively
• Ability to lead by example and is an effective role model (e.g. takes the lead and actions reflect an appropriate level of independence; demonstrates the ability to initiate and effect change and continuous improvement)

ducation/Professional Qualifications & skill sets:

• CA/CWA/CISA/MBA - 5 years / Graduate or Post-Graduate with experience of working  in Operations or Risk Management, Controls, Compliance of Oversight functions
• Business Knowledge i.e. Investment Banking, Derivatives
• Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, and Project
• Ability to drive results through a "hands-on" approach
• Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization
• Can operate effectively in a dynamic environment with tight deadlines, and can prioritize one's own work to achieve them
• Flexibility to work global hours and willing to travel globally