Assistant Manager - Risk Operations

We Are having Opening For MNC Client

Location:Mumbai

Salary: 6.00pa to 7.00pa

Role Title:

Assistant Manager - Risk, Clearing and Settlement, Corporate Bonds Function Risk, Clearing and Settlement, Corporate Bonds

Reports to - Functionally Manager Reports to - Administratively Manager

Direct Reporting From NA

Purpose of the role:

- Perform daily risk, collateral and clearing & settlement operations.

Key Responsibilities:

Risk and clearing operations:

Key Responsibility Descriptive Parameters:

Risk and Clearing activities:

- Execute processes in a timely manner

- Generate and download reports to members

- Generate and transfer Data/ reports to regulatory authorities

- Crystallise obligations and carry out related activities for the same

- Monitor corporate actions and take appropriate action with regards to position adjustment etc..

- Enablement of new members

- CP code allocation to Custodians / Clearing Members

- Generate and download penalty reports

- Resolve Talisma queries

- Facilitating Regulatory Compliance, Audit Activities and involvement in process & system Developmental Activities Circular preparation

Collateral operations:

Key Responsibility:

Collateral addition:

- Screen and check collaterals offered and verify instruments thoroughly so as to ensure compliance with SEBI/CC norms.

- Carry out requisite process / operations for addition of collaterals

- Interface with members to provide support to members for providing collaterals addition requests through CIM

- Reconcile details with custodians and depositories

- Enablement of new members

Collateral release:

- Track and Receive requests for release of collateral on a day to day basis so that members can trade as per limits.

- Perform physical and system checks for verification for collateral to ensure safe custody and error free operations and compliance.

- Check utilisation of trading members before release of collateral so as to ensure financial compliance.

- Interacting with other departments for NOCs

- Interface with banks/Custodians/ Members

- Constantly monitor net worth of banks for approvals.

- Follow credentials to check banks compliance with internal and SEBI norms.

- Resolving Member (Talisma), Banks, Custodian and Regulatory Queries in time bound manner

- Support for CIM to Members, Banks and Custodians

Other activities:

- Facilitating Regulatory Compliance, Audit Activities and involvement in process & system Developmental Activities Circular preparation

Settlement operations:

Key Responsibility:

Securities Settlement activities :

- Interact with depositories, NSDL and CDSL for pay-in and pay-out process to ensure that trades are settled as per guidelines.

- Calculate net shortages and initiate required action against members if required e.g. disable member accounts or withhold securities payout

- Facilitate the pay out process

- Identify all member shortages and conduct auction and obligation competition within stipulated time.

Early Pay-in :

- Interface with the depositories on an hourly basis to process early pay-in by members/ custodians

- Carry out the processes for reckoning the early pay-in to provide benefit to members

Funds activities:

- Conducting funds pay-in and payout for each of the segments by electronic interfacing with each of the clearing banks

- Ensuring pay-in and payout in adherence to the regulatory specifications

- Follow up with banks for shortages and taking action for shortages in line with specifications in this regard.

- Support Collection of members margins through the clearing banks

- Collate Weekly, monthly and ad-hoc data

Other activities:

- Resolve Talisma queries

- Facilitating Regulatory Compliance, Audit Activities and involvement in process & system Developmental Activities Circular preparation

Corporate Bonds operations :

Key Responsibility:

Operational activities:

- Error free settlements of Funds and bonds

- Preparation of MIS to HOD

- Daily Reconciliations

- Data to external agencies - SEBI, RBI, FIMMDA

- Interacting with internal auditors for audit queries

- Interacting with the development team.

- Handle communication with Members/Banks/Dep

- Maintain relationships with the members for easier communication

- Receive queries from members, coordinate with counterparties/Banks and solve them.

- Identification of areas for process improvements, automation etc.

- Track Market news in respect of news that may impact clearing activities

Note: Additional responsibilities may be added from time to time depending on organisational requirements.

Collaboration - Internal & External:

- Internal Stakeholder External Stakeholders

- NSCCL Other exchanges

- Trading Clearing Members

- Listing Banks

- IISL Depositories

- Membership Custodians

- NSCCL Board and NSCCL Committees MF - AMCs and RTAs

Role Holder Requirements:

Educational Qualifications:

Essential: MBA Finance Degree

Desired: NA

Role Requirements: Understanding of the financial and capital markets.

Experience Essential : 1 - 3 years experience in the Finance sector with BFSI or BPO arm of Financial organisations.

Desired : Experience with institutional brokers

Malvi Chitalia
HR Manager
8976788842