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Analyst TSU

Location Bengaluru, India
Posted 30-September-2020
Description

Responsibilities
1- Contracts management

Agree on the operational feasibility of the contract terms covering the Repo and Loan Operations (GMSLA, GMRA, Long Form Confirmations, etc.) to the Legal Department and the FO;Coordinates actions with APTP teams on the operational feasibility of the various clauses if necessary;Monitors quality indicators2- Valuation calculation and control
Analysis of valuation changes from one day to the next (portfolio, valuation, etc.)Ensures daily margin calls are correctly calculated in systems, escalates alerts and supports corrections as needed (scope of incorrect deals, missing prices, delays in COLT calculations, Collat One etc.)3- Collateral management of and margin calls on Repo activity and Borrowings loans
Notify daily margin calls to individual customers according to the defined rules and support, in time, customer requests to confirm daily exposures;Instructs the teams in charge of the implementation of the cash payments and the necessary securities deliveries;Supports the necessary actions for the clients management by default (management alert and FO);Manages the exchange of collateral associated with FOP deals on a daily basis according to the rules defined in the contracts;Implements counterparty supervision according to the rules defined by the risk management.4- Optimization of the collateral pool dedicated to the borrowing and Repo activity:
Anticipation of collateral needs and exposure + shorts coverage in the dedicated pool;Optimisation of the collateral to be posted against the schedule agreed between SG and its counterparties;The management of OSTs on securities exchanged as collateralEnsures algo optimization by tracing proposal inconsistencies5- Dispute Management
Supports the management of recurring disputes and those relating to sensitive customers and/or large amounts;Monitors the correct resolution of discrepancies handled by the Collateral Manager;Alert and review disputes (reporting, monitoring of indicators) and ensure compliance with regulatory constraints (process, deadline, etc.)6- Portfolio reconciliation
Centralises and supports the monitoring of recurring valuation variances and is the interface with the valuation control teams;Is the preferred internal control contact for KRI monitoring and analysisIs the privileged contact of OPER line on collateral reconciliation7- Project studies:
Writes more complex procedures (Synthetic Operating Modes) and proposes continuous changes in the process and/or monitoring indicators. Do not hesitate to review the new controls to be implemented or the risk areas.8- Perimeter and characteristic dimensions
Accompanies and/or trains Collateral Managers on processes and productsThe main issues for the position in 2019 are:
Continue to develop its expertise and versatility in order to maintain a strong control of operational/credit risks, in a very changing context (regulatory changes, global coverage of default management), etc. )Contribute to the development and strengthening of the international set up by working with its manager on follow the sun and resilience;Prepare for the future by contributing to projects in the Collateral business transformation programs,Focus on leadership model and commitment as well as the development of a customer culture.Contribute to the development of the business and to the improvement of the quality of the service by improving efficiency and reliability of processes (IT, Controls, implementation of a new exposure calculator tool, etc.), but also by ensuring constant customer support;Maintain discipline on our costs, seek to simplify and improve operational efficiency on a day-to-day basis, notably through increased measurement of the performance of our processes, macro development, etc.Maintain motivation and commitment, contribute to the success of projects impacting our businessContributing to the preparation for the future in a sensitive regulatory environmentProfile Required

JOB DESCRIPTION FOR THUNDERHEAD
5-10 years of experience in Investment banking, OTC DerivativesExperience of working with Thunderhead Smart communicationCreate templates for Document Generation using ThunderheadShould be able to work with numerous business and technology teams to gather requirements, document them and convert them to functional requirementsCommunicate and collaborate with clients to gather business and functional requirements and deliver artifacts such as BRD, Use Cases, GUI, Screen and Interface designsPerform data analysis to validate business requirementWrite SQL queries to extract data, understand patterns, relationships amongst disparate data sets and be able to harmonize themPerform logical data modeling and establishing proposed system flowsExplain/demonstrate business requirements/specifications to IT team, and contribute a business or process perspective during design reviewsProvide IT test plans, and ensure that the proper testing plans have been completedTraditional SDLC environment need a strong background in software development, integration and business processesMust have Investment bankingMust have experience of working on Thunderhead Smart CommunicationAgile/Scrum experience (Not mandatory)REQUIRMENTS :-
Must be Graduate or PG in FinanceGood communication skillsAblity to anticipate and prioritiseGood analytical skillsWhy 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 Generales 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.

3- Collateral management of and margin calls on Repo activity and Borrowings loans
Notify daily margin calls to individual customers according to the defined rules and support, in time, customer requests to confirm daily exposures;Instructs the teams in charge of the implementation of the cash payments and the necessary securities deliveries;Supports the necessary actions for the clients management by default (management alert and FO);Manages the exchange of collateral associated with FOP deals on a daily basis according to the rules defined in the contracts;Implements counterparty supervision according to the rules defined by the risk management.4- Optimization of the collateral pool dedicated to the borrowing and Repo activity:
Anticipation of collateral needs and exposure + shorts coverage in the dedicated pool;Optimisation of the collateral to be posted against the schedule agreed between SG and its counterparties;The management of OSTs on securities exchanged as collateralEnsures algo optimization by tracing proposal inconsistencies5- Dispute Management
Supports the management of recurring disputes and those relating to sensitive customers and/or large amounts;Monitors the correct resolution of discrepancies handled by the Collateral Manager;Alert and review disputes (reporting, monitoring of indicators) and ensure compliance with regulatory constraints (process, deadline, etc.)6- Portfolio reconciliation
Centralises and supports the monitoring of recurring valuation variances and is the interface with the valuation control teams;Is the preferred internal control contact for KRI monitoring and analysisIs the privileged contact of OPER line on collateral reconciliation7- Project studies:
Writes more complex procedures (Synthetic Operating Modes) and proposes continuous changes in the process and/or monitoring indicators. Do not hesitate to review the new controls to be implemented or the risk areas.8- Perimeter and characteristic dimensions
Accompanies and/or trains Collateral Managers on processes and productsWe 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: 20000KRS
Business unit: SG Global Solution Centre
Starting date: 31/10/2020
Date of publication: 28/09/2020

 
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