Ensure margin calls (VM and IM) are sent to clients as derived through system calculations
• Making cash, securities bookings in the system for collateral movement.
• Verification of cash flows to authorize settlements/funds transfer.
• Settlement of monthly interest with clients on cash collateral pledged/held.
• Processing substitution requests as & when coupon & maturity due on the stock.
• Review incoming margin calls from counterparties, validate calculations in our internal system and agree for collateral movement.
• Resolve cash and securities breaks/exceptions arising from collateral bookings.
• Follow up with clients for any cash fails or failed collateral transfers.
• Follow up settlement and reconciliation on tri-party collateral agreements.
• Manage manual cash transfer from one account to other account.
• Resolving Disputes by working closely with the broker, Dispute reporting to senior management.
• Actively chasing/escalating counterparty via emails/ phone calls in the event of non-response.
• Analyzing if discrepancy due to MTM differences, Unmatched positions, Unsettled cash, Collateral Break and others.
• Calculating interest/Coupons on monthly basis on the margined trades (CASH and Securities).
• Reaching out to Counterparty in case of any discrepancies in dispute.
• Good understanding of the front to back processing i.e. trade life cycle, and risk management practices.
• Investigate Legal Entity Break trades and work with Trade Support and/or counterparty to amend trade & resolve the issue.
• Work on same direction trades. Identify if we are booked correctly and update the report.
• Investigate & identify trades contributing Mark-to-market (MTM) Variances and collateral margin disputes.
• Work with Middle Office and/or counterparty for MTM confirmation.
• Work with Front Office and/or Credit to resolve Independent Amount disputes.
• Escalate to Front Office and then to Dispute Escalation group for dispute driving trades.
• Work with FO/Credit Officer to resolve Independent Amount removal on novated trades.
• Well versed new UMR rules. EMIR