Role & Responsibilities:
The primary responsibilities for the roles within the Prime Finance - Margin & Risk Control Team would include:
- Responsible for the day-to-day activities of Mumbai Prime Brokerage - Front Office Control hub supporting Asia/Europe/US.
- Build, monitor and implement controls to ensure correct margin and excess/deficit calculations to Prime clients.
- Run daily checks on client setups, build reconciliations using data from reference data, trade booking and margin & collateral systems.
- Build, monitor and run daily control reports and dashboard to check day-over-day swings on key metrics.
- Write daily commentary on control breaks, exceptions and swings.
- Co-ordinate with Prime Risk team and support teams like Collateral Operations, IT and Middle Office to get the breaks investigated and resolved.
- Report and escalate unresolved issues and breaks to Prime senior management.
- Work with Analytics team to test new controls on the IT infrastructure.
- Coordinate with support teams to ensure that their set of controls are duly monitored and reported.
- Participate in team calls and represent / explain control breaks and resolution.
Mandatory Desired Domain
- Post Graduate Degree/ MBA, CFA or equivalent finance major or similar
- Strong knowledge of Equities, Equity Derivatives, Convertible Bonds, Fixed Income, Repo, and Futures and Options.
- MS Excel to expert level.
- Working knowledge of SQL, Python.
- Excellent interpersonal and communication skills.
- Good general knowledge & understanding of current macro-economic trends.
- Strong logical, analytical and problem solving skills are a must.
- Strong team player, a quick learner and willing to put extra effort to build client / stakeholder relations and garner business knowledge.
- Self-starter and ability to multi-task and meet various deadlines.
- Ability and openness to learn new technologies and work on new platforms.
- Previous experience in Global Markets (Prime Brokerage, Margin or Collateral or Risk management) preferred.
- Knowledge of Prime Brokerage and/or financing businesses, and client motivations.
- Cross products (Cash / Synthetics PB, Sec-lending, Liquidity management etc.) knowledge a plus.
- Experience of BI tools such as Power BI or Tableau.
- Experience or knowledge on KDB, Kx will be preferred.
