Vice President, Trading Services Manager I

Location

Pune | India

Job description

Vice President, Trading Services Manager I

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the 'bank of banks' - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

We're seeking a future team member for the role ofVice President, Trading Services Manager Ito join our Insight Investment Management team. This role is located in Pune- HYBRID

In this role, you'll make an impact in the following ways:

Insight is a specialist asset manager at the forefront of designing and delivering investment solutions designed specifically to meet our clients' evolving investment needs. Launched in 2002, we have grown to be one of the largest asset managers in the UK, winning industry recognition for our investment capabilities across liability driven investment, fixed income, specialist equities, multi asset and absolute return.

Innovation is key to the development of our investment capability and as leaders in our chosen areas of expertise we continue to look for opportunities to grow and develop our business across new client channels and countries. The key to our success is and will always be the high quality of our professionals combined with the partnerships we create with our clients.

As a leading asset manager Insight has £750 billion in assets under management.

The Derivative Operations team is focused on providing assurance for smooth lifecycle of all derivatives traded within Insight. Team has an oversight on NT back office teams which provides support in accounting, trade capture, confirmations, settlements, reconciliations, collateral management etc. Team work closely with front office teams to ensure no risk events by keeping close eye on all derivative events through out its lifecycle once traded

Purpose of role: The individual will be responsible to lead daily tasks supporting INSIGHT's Derivative operations. This involves liaising with Front office, Northern Trust (Outsourced Investment operations) and Counterparties to ensure all issues related to Derivative trades are well escalated and resolved in timely manner. This role also involves oversight of several processes completed at NT and act as the point of contact for any required escalations internally or with external parties.

• Day to Day Functions: Ensure an oversight on timely settlement of all derivative trades. Look into daily processes to monitor trade affirmation/confirmation process and communicate with counterparties as and when required. Escalate aged items related to confirmations/cash escalations with CPTY, brokers & RM's for unconfirmed & pending settlements.
• Cash & Overdraft Management for INSIGHT accounts. Perform daily checks to escalate issues & propose cash adjustments. Manage sensitive client overdraft and escalations to ensure no aging for these accounts.
• Review Reconciliation reports from NT for any discrepancies between Custody, Insight & Northern trust. Escalate and resolve the same by liaising with internal/ external parties to the issue.
• Understand collateral management and support dispute management process as and when required.
• ETD matching on Traiana, build robust communication with Executing & Clearing brokers to derive 100% matching rates on T0.
• Perform regulatory reporting tasks for EMIR- INSIGHT reports EMIR trades through UnaVista
• Review all tasks performed by Junior analysts in the team and provide support in day to processes. Enhance control framework and improve operational efficiency. Stakeholder Relationship management (FSG, Market Ops and Technology)

To be successful in this role, we're seeking the following:

• Excellent academics with degree from reputed institute.
• Minimum 10 + years of experience in Derivative Operations Market ops
• Innovative approach to problem solving
• Good understanding of derivatives -OTC's /ETD including IRS, Inflation, CDS and Equity swaps.Strong interpersonal skills required to enable the individual to effectively resolve issues in a timely manner. It is quicker to speak to someone if possible or at least to use a phone rather than resort to email or instant messenger chats. Having the ability to articulate you in groups so as to be understood is therefore key to the success of business. Proactive and flexible approach, an individual who will use their skills and experience to fully develop the role.Operates with professionalism, honesty and integrity always.

analysis. This includes fund managers, solution designers, client directors, client reporting and middle-office extending to external customers such as consultants and trustees.

To be successful in this role, we're seeking the following:

• Postgraduate with relevant degree in Finance or CFA/FRM
• Overall 10+ years of experience within in Asset Management/investment banking of relevant functions
• Minimum 4+ years of people management experience.

At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg's Gender Equality Index (GEI)
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• , Disability: IN - 100% score
• 100 Best Workplaces for Innovators, Fast Company
• CDP's Climate Change 'A List'

Our Benefits:

BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

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