Job Title: Senior Analyst – Collateral Management
Location: Bangalore/Chennai, India
Business Unit: Corporate & Investment Bank (CIB) – Markets Operations
About the Role
As a Senior Analyst within the Collateral Management team, candidate is
expected to play a critical role in safeguarding the firm against counterparty
credit risk by managing collateral across cleared derivatives portfolios.
He/she will work closely with trading desks, risk, legal, and external
counterparties to ensure accurate margining, timely settlements, and
regulatory compliance.
Key Responsibilities
Collateral & Margin Lifecycle Management
·
Manage the daily margin call process across
global counterparties,
covering:
o
Initial Margin (IM
)
o
Variation Margin (VM)
o
Default / Guarantee fund
o
Coupon/PAI
·
Perform reconciliations and ensure breaks resolved within timeline.
·
Ensure timely issuance and settlement of margin calls in line with SLAs and
internal controls.
Collateral Optimization & Liquidity Efficiency
·
Execute collateral substitution and optimization strategies
o
Efficient use of high-quality liquid assets
o
Adherence to eligibility criteria and haircuts
·
Partner with Treasury and Funding teams to reduce liquidity and funding costs.
·
Monitor collateral inventory across custodians and
CCPs.
Settlement & CCP Management
·
Oversee collateral movements and settlements via custodians and clearing
brokers.
·
Manage margin requirements for Central Counterparties (CCPs) and ensure
compliance with clearing rules.
·
Ensure accurate booking and reconciliation of settlement activity.
Market & Product Expertise
·
Strong understanding of derivatives markets, including:
o
OTC derivatives: Interest Rate Swaps, FX, Credit Derivatives
o
ETDs: Futures & Options
·
Good knowledge of:
o
Mark-to-Market (MTM) methodologies
o
Pricing drivers and risk sensitivities (Greeks)
·
Awareness of trade lifecycle and post-trade processes.
Risk & Regulatory Frameworks
·
Solid understanding of risk disciplines, including:
o
Counterparty Credit Risk (CCR)
o
Market risk & liquidity risk basics
·
Working knowledge of global regulations:
o
EMIR, Dodd-Frank
o
Basel III / IV capital rules (good to have)
o
BCBS/IOSCO Uncleared Margin Rules (UMR) (good to have)
·
Familiarity with CCP margin models and regulatory expectations.
Technology & Systems
·
Hands-on experience with industry platforms such as:
o
Colline, Murex, GMI
·
Advanced proficiency in:
o
Microsoft Excel (complex formulas, pivots, data analysis)
·
Working knowledge of:
o
VBA (process automation – preferred)
o
SQL (data extraction and reporting – nice to have)
·
Exposure to automation tools (Alteryx, Python, etc.) is a plus.
Qualifications & Experience
·
Bachelor’s or Master’s degree in Finance, Engineering, Mathematics, or related
field.
·
5–8 years of relevant experience in collateral management, derivatives
operations, or market risk.
·
Prior experience in a global investment bank or financial institution
preferred.
Key Competencies
·
Strong analytical and problem-solving skills
·
High attention to detail and risk awareness
·
Effective stakeholder management across global teams
·
Ability to work under pressure in a fast-paced trading environment
·
Strong communication skills (verbal and written)
Preferred Attributes
·
Experience working with global counterparties across regions (EMEA & APAC)
·
Proven track record in process automation or transformation initiatives
Apply through whichever channel suits you best.