Designation Assistant Manager - Investments
Location - Gurgaon
JOB SUMMARY:
- Booking of derivative trades in system and setup in excel model to verify.
- Verification of the trades executed with the term sheet received from bank.
- Calculation of the MTM for derivatives book on daily basis.
- Performance of Hedge effectiveness testing
- Daily collateral management with banks and analysis of variances if any.
- Understanding of execution process of trades in Indian markets like debt, Gsec, equity, Mutual fund, money market, etc.
- Creation of derivative dashboard on timely basis.
- Timely closure of derivative accounting.
- Understanding of IRDAI regulations on investment & derivatives.
- Ability to use technology and build controls around operations.
- Review of ISDA/CAS/term sheet and other derivative related document with the bank.
- Leading the various derivative related projects on ongoing basis.
- Work on system enhancement for derivatives.
KEY RESPONSIBILITIES:
- Derivative Operations - Ensure trade is booked accurately and MTM is under the approved threshold between us and bank on day to day basis. Ensure all trades are settled on time with accuracy.
- Compliance - Understanding of IRDAI regulations and continuous assessment towards compliance and study of new circulars, update to management with action pls.
- Reporting - Internal and external reporting on timely basis
- Reconciliation - Performance of various derivative and holding related reconciliation and MIS for analysis
- Managing Audits - Support to Concurrent Auditors and Statutory Auditors by providing timely data and ensuring successful completion of the same
- Adhoc - To cater the adhoc requirement from Mid office, Front office, Actuary and back office team for derivative related data.
- Projects - Working on ongoing project related to new derivative products, hedging strategies, system enhancement, process improvement etc
- Documentation - Ensuring proper agreement/term sheet/trade confirmations are in place with all bank.
MEASURES OF SUCCESS:
- Timely setup of trade and verification with excel model. Verification with bank term sheet/trade confirmations.
- Checking of MTM computed on daily basis and collateral management. All transfer should be done in stipulated timeframe.
- Timely publication of dashboard and MIS to various stakeholders.
- Analysis of the derivative data time to time and appraise the management with important information.
- Compliance with the accounting standard and IRDAI.
- Automation, compliance and improvement agenda resulting in improvement of processes.
- Timely submission of reports in line with regulatory and management requirements and continuous efforts to reduce time taken to make reports with enhanced controls
- Providing sufficient data to auditors and ensure that the audit is closed without pending issues
- Automation of reports/simplification of process/ system enhancement.
- Effective controls on data.
- Timely closure of derivative accounting.
- Supporting the monthly/quarterly/yearly financial closing by providing the relevant information.
JOB REQUIREMENTS:
MINIMUM EDUCATION - Chartered Accountant/ CFA (USA)
MINIMUM EXPERIENCE:
- 1-3 years of relevant experience post qualification.
- Experience in derivative accounting and valuation is mandatory. INDAS knowledge would be added advantage.
- Work experience in derivative advisory/insurance company would be preferred.
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