Analyst - Clearing Collateral Mgmt

Permanent contract|Bangalore|Banking operations processing

Analyst - Clearing Collateral Mgmt

Bangalore, India Permanent contract Banking operations processing

Responsibilities

The Cross-Asset Collateral & Risk operations Department (CCR), part of GBIS Operation department, oversees the
Collateral management on CCP cleared products (OTC and listed products) for Agency business
The role incumbent will be part of the GBSU/MTR/CCR organization. The employee will be responsible to oversee and
perform all production level tasks related to mitigation of Credit Risk involved with respect to Listed, OTC trades registered
on various Clearing Houses and also perform activities across all agencies clearing business – APAC, SGIL & SGAS

Primary responsibilities will include (but not limited to) performing
- Settlements (Cash / Non Cash) – VM, IM, DF and Intraday Margin Call to Clients , CCP & Carry brokers
- Validation of Margin calls booked by client functional team to ensure no impact to PnL of the Bank
- Follow all the settlement norms in case of manual payments
- Ensure to meet regulatory and market cut off in meeting the margin call requirements with Clients, CCP and
Intercompanies
- Monitor in real time our collateral level at clearing houses
- Monitoring and Perform Funding to various nostro accounts and securities custodian
- Be aware all the time on the calendar & currency holidays, projection cut offs, and various other deadlines
- Identity, resolve and report accounting & Settlement breaks within stipulated deadline to reduce risk to bank
- Identity, resolve and report treasury breaks and incidents
- Perform various reporting tasks to report process metrics, risk metrics and health of the process based on the set
structure
- Work forwards to improve the process by brining new ideas during whiteboard and continous improvement planning
session

This role would also include responsibilities to manage all CCP collateral activities related to SG positions and CCP
positions/Clients:
▪ resolve and report discrepancies
▪ identify recurrent issues
▪ liaise with IT and/or operations to solve recurrent issues

Profile required

  • Operational Skills with minmum 2-6 years of professional experience in Investment banking
  • Knowledge or previous experience on settlement processes (swifts, correspondent banking) and/or
  • Knowledge or previous experience on cleared collateral and treasury breaks management and/or
  • Knowledge or previous experience on collateral management (how it works, why it’s used) and/or
  • Knowledge or previous experience on Listed Derivatives flows ( Futures & Options), IRD (Swap, FRA), CDS (Index and SN) and FX (NDF) products

Other Skills
- Relevant experience within the Capital Markets practice, preferably Collateral Operations, including portfolio
reconciliations and dispute management.
- Good oral and written communication skills and ability to deal with external counterparties with minimum or zero
assistance.
- Strong communication and stakeholder management experience
- Expertise in MS Excel, MS Word, MS Document with ability to translate ideas into presentation

Why join us

At Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious. Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA. If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us! Still hesitating? You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.

Business insight

A 100% owned subsidiary of European banking and financial services major Societe Generale (SG), Societe Generale Global Solution Centre (SG GSC) came into existence in 2000. Established as an offshore development centre in Bangalore, also having a presence in Chennai, SG GSC has 15 years of sustainable delivery expertise to its credit, and develops global best practices to promote the strategic objectives of the Societe Generale Group.
SG GSC possesses in-depth understanding of the business processes and cutting-edge technologies across domains of Societe Generale’s diverse portfolio. We deliver best-in-class solutions to the Group’s entities in the realm of corporate and investment banking, retail banking, specialized financing and insurance, private banking, and global investment management and services.
We place the highest importance on our employees and provide extensive opportunities for career progression and development. SG GSC conforms to the group diversity principles, and has a multi-cultural staff representing seven nationalities, and speaking 20 languages. Women comprise 25% of our workforce.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000Z3V
Entity: SG Global Solution Centre
Starting date: immediate
Publication date: 2023/01/10
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