Associate Manager – Benchmark Rates Setting Control

Location
Bangalore, Karnataka
Salary
Salary & benefits will be market competitive.
Posted
Feb 26, 2018
Closes
Apr 27, 2018
Job Function
Other
Employment Type
Full Time
Education
Bachelors
  1. Responsible to run/oversee the BAU controls, reporting and escalation process for the post-submission validation of benchmark rates submitted by the bank.
  2. Daily input of the bank’s submitted rates and fixings from the calculating agent into a central database.
  3. Check the flagged variances on a daily basis, and follow up with the various submitting desks for clarification.
  4. Check that all submitted rates are in accordance to the hierarchy of evidence prescribed by the various regulatory bodies.
  5. Escalate identified issues to the line manager, and actively liaise with stakeholders to close out the issues related to benchmark rates submission monitoring.
  6. Act as the main Benchmark Rates Setting Control’s representative on various governance committees with respect to benchmark rates submission.
  7. Provide timely updates and management information to various committees and key stakeholders.
  8. Research best market practices, and keep abreast of regulatory changes with respect to benchmark submissions.
  9. Pro-actively improve and automate the current processes.
  10. Preparation of monthly reports for senior management review.
  11. Assess the impact of regulatory changes, and implement additional controls on a need-be basis.

Provide feedback (from VC’s perspective) on methodologies used for rate submissions, and for the identification of threshold variances.

 

  1. Educated to degree level; preferably with a Finance / Business / Financial Engineering background / Masters Degree in a quantitative subject. CFA / FRM are an advantage.
  2. Strong IT skills. In particular Excel, VBA, and SQL.
  3. 3 to 4 years of experience on Global Markets treasury products (preferably in Middle Office Control / Operations / Market Data Control)
  4. Ability to work under constant pressure to tight deadlines, and deliver high quality output.
  5. Lateral thinker who is a strong team player with ability to work independently.
  6. Excellent interpersonal skills, with the ability to communicate at all levels both written (report and guideline writing) and verbally.
  7. Analytical and challenging mindset.

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