Analyst - Collateral

 Chennai, India       Permanent contract        Banking Operations

Responsibilities

  1. About CCR (Cross Asset Collateral and Risk Operations):

    CCR supports CIB business lines within SGCIB and is accountable and responsible for Collateral Margining and Settlements.


    Purpose of the Role

    The role incumbent will be part of the OPER/CCR.  Staff will be responsible for performing production level tasks related to OTC Collateral Margining as assigned and per the scope of the team the incumbent is part of.

    Primary responsibilities will include (but not limited to) issuing notifications on Margin calls, cash break management Accounting & Settlements.


    Margining and Settlements


     Issuing notification, issuing margin calls, agreement of Margin calls to receive/ to be paid) with the Clients, Booking in Colline, substitutions etc.

     Settlement of collateral (cash, securities) for VM & IA - Interest management

     Perform the Accounting and handle the Nostro reconciliation

     To ensure BAU are being performed in accordance with the SOP &  no deviations

     Ensure all the SLAs are met, including the mailbox management.

     Ensure Client confidentiality is ad heard to at all times

     Demonstrate a high level of accuracy & avoid repetitions by working with your direct manager and ensuring smooth flow of BAU.

     Ensure the KPI/KRI is regularly updated to assist your manager in publishing the same to rest of the stake holders.

     To aim at working independently on the process.

     Reporting of incidents immediately to the reporting Manager. 

     Ensure any new additions to the process are communicated to your direct Manager and SOP is updated accordingly.

     The incumbent to participate in all team meetings, Department meetings and Town hall if and when invited and contribute to the meetings constructively.  


    Responsibilities in the Role 

    The role incumbent, as PE supporting CCR

    GENERIC ACROSS ALL PROCESSES IN OPER )


      Continuous Improvement

     Participation in WB on a regular basis with necessary contribution towards the discussions.

     Participation in the PSS and make contribution and contribute in resolving the problems at hand.  Sometimes the incumbent is required to take charge of the leading the PSS also.  

    o Cross training: Ensure to create a back up planning by training other team members on the activities performed by 

     Preparing a robust training plan with the help of seniors/reporting manager.

     Transfer knowledge effectively and efficiently, within the prescribed timeframe

     Highlight the areas where there is no back up planning to the manager.  The objective is to gain expertise and train other team members (identified and proposed) to ensure there are no gaps in the delivery of activities/services performed. 

    o Process improvement: 

     Play active role in implementing process/control improvements initiatives. 

     No process is continued / discontinued without knowledge / approval of the supervisors and maintain the procedure as per the changes in the process

     Share knowledge/best practice/ exceptions with the members of the team.


      Client

     Escalate and Report Client Incidents immediately to your reporting Manager and log onto  Trouble tracker

     Know your Key Clients for the respective team you are part of.

     Ensure Client confidentiality is ad heard to at all times

     Escalate the issues with the help of Managers to respective CLT as appropriate.

     Effective Client queries management

     Work closely with the stakeholders for effective resolution of breaks (Cash, Securities, unmatched, MTM etc)


      Operational risk : 

     Understand the scope of your process  and highlight the risks to managers/stakeholders

     Perform all controls timely and accurately.

     Attend the Sessions organized on the Operational risk matters in consultation of your direct Manager.

     Ensure high risk items / situations are escalated to supervisors in timely fashion. Ensure all risk incidents are escalated to reporting / functional line manager in a timely fashion and are tracked till resolution.

     Transversal Initiatives: participate in various transversal initiatives like information security, Audit, BCP etc. as and when deputed and play the role as it demands, apart from ensuring the BAU in the normal course does not suffer.


      Delivery and Operations

     Assist team to ensure smooth functioning of the process by ensuring all the day to day tasks are completed by the agreed deadlines, error free processing and accuracy by arriving at speedy and proper resolution of the escalations.

     Analyze and understand all the scope of activities managed. Ensure the SLAs / thresholds on the respective activities, breaks are adhered to all times and followed up effectively for 

     Ensure daily checklists, Controls are followed and effectively utilized. 

     Effective mailbox management, ensure all the queries received from the internal/external clients are responded.

     Organize and plan vacation team in coordination with your direct manager to ensure minimal impact to production performed and daily activities.  

     SOP’s need to be reviewed on regular basis and updated accordingly with additions or deletions.

     Participate in the meetings with onshore stakeholders whenever required.

     Demonstrate a high level of diligence and tenacity in all aspects of the role. 

     Demonstrate sense of responsibility, accountability, availability, and flexibility at all times in the interest of servicing our internal and external Clients.




Profile Required

Qualifications:

Commerce Graduate (0-3 years) BCOM/BBM/MBA with finance specialization.


Abilities/skills required: 

Effective Communication (Oral and written)

Proficiency in MS Office Tools (Excel, Word Doc, PPT, etc) 

Flexible working in Shifts (Asia/US/Europe)

Eye for Detail 


Experience in an IB scenario is an added advantage especially in the OTC, OTC Collateral Management back office etc.

Why Join Us

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.

Business Insight

Societe Generale Global Solution Centre (SG GSC), a 100% owned subsidiary of European banking major Societe Generale (SG), Our role and purpose is to enable the strategic vision of Societe Generale Group. We are doing this by pioneering cutting edge innovation from Design Thinking to Smart Automation & Artificial Intelligence, and applying it to banking.

 

SG Global Solution Centre provides services in the areas of Application Development and Maintenance, Infrastructure Management, Business Process Management, and Knowledge Process Management, to Societe Generale's business lines around the world.

 

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.

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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000D51
Business unit: SG Global Solution Centre
Starting date: 26/08/2020
Date of publication: 10/08/2020
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Analyst - Collateral

Permanent contract   |   Chennai   |   Banking Operations