Urgent opening For OTC Associate Manager role

Assistant Manager - OTC Settlement & Collateral

Role Summary

We are seeking a highly motivated and experienced professional to join our Capital Markets Operations team as an Assistant Manager.

The role will be responsible for end-to-end OTC Derivatives Operations, including trade lifecycle management, pre and post-settlement activities, Nostro reconciliations, collateral management, margin call processing, dispute resolution, and corporate actions. The ideal candidate should possess strong operational expertise, stakeholder management skills, and hands-on experience in driving automation initiatives using AI, Agentic Bots, and Intelligent Process Automation solutions.

Key Responsibilities

OTC Operations & Settlement

• Manage end-to-end OTC trade lifecycle processes across various asset classes including FX, Equities, Rates, and Credit Derivatives.
• Oversee pre-settlement and post-settlement activities, ensuring timely and accurate settlement of trades.
• Investigate and resolve settlement failures, breaks, and operational discrepancies.

Nostro Reconciliations

• Perform daily cash and securities Nostro reconciliations.
• Investigate reconciliation breaks and coordinate with counterparties, custodians, and internal stakeholders for timely resolution.
• Ensure aging items are minimized and tracked through closure.
• Prepare MIS and reconciliation metrics for management review.

Collateral Management & Margin Operations

• Manage collateral allocation, optimization, substitutions, and collateral movements.
• Oversee daily variation margin, initial margin, and regulatory margin calculations.
• Process and validate margin calls with counterparties.
• Ensure compliance with ISDA, CSA, and regulatory requirements.
• Monitor collateral exposures and mitigate settlement and counterparty risks.

Dispute Management

• Investigate and resolve margin and valuation disputes with counterparties.
• Track dispute aging and implement root cause analysis to prevent recurring issues.
• Maintain comprehensive documentation and audit trails.

Corporate Actions

• Process mandatory and voluntary corporate actions.
• Validate event details and ensure accurate entitlement calculations.
• Coordinate with custodians, counterparties, and internal teams to ensure timely execution.
• Manage associated reconciliations and exception handling.

Risk & Control

• Ensure adherence to operational controls, regulatory requirements, and internal policies.
• Drive reduction in operational risk through process improvements and automation.
• Support internal and external audits, compliance reviews.

AI, Automation & Agentic Solutions

• Identify opportunities to automate manual processes using AI and intelligent automation tools.
• Design and implement Agentic Bots for exception management, break resolution, workflow orchestration, and operational reporting.
• Partner with Technology teams to deploy AI/ML solutions in settlement, reconciliations, and margin operations.
• Utilize GenAI tools for knowledge management, operational insights, and decision support.
• Drive digital transformation initiatives to enhance efficiency, accuracy, and scalabilit

Required Skills & Competencies

Functional Skills

• OTC Derivatives Operations
• Trade Lifecycle Management
• Pre and Post Settlement Processing
• Nostro Cash & Securities Reconciliations
• Collateral Management
• Margin Call Processing
• Variation Margin (VM) and Initial Margin (IM)
• ISDA / CSA Documentation
• Corporate Actions Processing
• Dispute Management
• Operational Risk & Controls

Technology & Automation Skills

• Experience with AI-powered operational solutions.
• Knowledge of Agentic AI, Intelligent Automation, RPA, and Workflow Automation tools.
• Familiarity with Power BI, or similar analytical tools.
• Experience working with Capital Markets platforms such as TradeServe, DTCC, Acadia, SWIFT, or similar systems.

Leadership Skills

• Team management and stakeholder engagement.
• Strong analytical and problem-solving capabilities.
• Ability to manage multiple priorities in a fast-paced environment.
• Excellent communication and client-facing skills.
• Continuous improvement and transformation mindset.

Interested candidates can send their cv on [email removed]