Derivative Operations Analyst

Job Description Summary – Collateral Management Operations Analyst

Team / Group Description

The Derivative Operations team provides end-to-end operational support for OTC derivative instruments across global business units. The group is responsible for middle office functions including valuation, collateral management, confirmations, reconciliations, and settlements in a fast-paced, team-oriented environment.

The team works closely with multiple internal functions across operations, technology, and risk.

Role Description

The Collateral Analyst is responsible for supporting collateral requirements arising from OTC derivatives, cleared OTC, exchange-traded products, and repo-related transactions. The role involves working closely with middle office, valuation, and portfolio reconciliation teams, as well as external counterparties.

The analyst is responsible for ensuring accurate and timely margining activities while maintaining operational risk controls and compliance with agreed collateral agreements.

Applications & Business Functions Supported

• Margining and collateral management processes

• Trade and valuation reconciliation systems

• Portfolio and risk reporting tools

• Counterparty communication platforms

• Internal operations and technology systems

Key Responsibilities

• Perform daily margining for assigned agreements and relationships

• Communicate with counterparties to agree and resolve margin calls within timelines

• Process settlement of margin for global clients

• Maintain collateral eligibility criteria and static data in line with agreements (CSA, clearing, repo)

• Perform reconciliations of trades, MTM, thresholds, and collateral calls

• Support reporting of collateral activity

• Participate in ad-hoc projects and process improvement initiatives

Professional Development Value

This role provides in-depth exposure to derivative products and collateral operations, offering strong foundational knowledge of portfolio support and risk-controlled financial operations.

Job Qualifications (Ideal Candidate)

• Degree in Finance, Economics, or related discipline

• 1–3 years of experience in middle office, OTC derivatives, or collateral operations (preferred but not mandatory)

• Strong communication skills (written and verbal)

• Ability to work in a collaborative, fast-paced environment

• Ability to present information to both technical and non-technical stakeholders

• Understanding of risk and P&L concepts

• Strong attention to operational risk and control awareness

• Flexible, proactive attitude with good time management skills

• Ability to learn quickly and contribute to process improvements

• Strong Microsoft Excel skills

Skills

• Strong analytical and problem-solving skills

• High attention to detail

• Strong communication and interpersonal skills

• Ability to manage priorities in a time-sensitive environment

• Team-oriented mindset with positive attitude

Location

Pune, India