Assistant Manager / Manager - OTC Settlement & Collateral

Assistant Manager / Manager - OTC Settlement & Collateral

SS&C is a leading provider of mission-critical, AI-powered technology and services empowering financial services and healthcare organizations to work smarter, faster, and securely. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices worldwide. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Job Description

Assistant Manager / Manager - OTC Settlement & Collateral

Office Location - Mumbai, Airoli

Role Summary

We are seeking a highly motivated and experienced professional to join our Capital Markets Operations team as an Assistant Manager / Manager.

The role will be responsible for end-to-end OTC Derivatives Operations, including trade lifecycle management, pre and post-settlement activities, Nostro reconciliations, collateral management, margin call processing, dispute resolution, and corporate actions. The ideal candidate should possess strong operational expertise, stakeholder management skills, and hands-on experience in driving automation initiatives using AI, Agentic Bots, and Intelligent Process Automation solutions.

OTC Operations & Settlement

• Manage end-to-end OTC trade lifecycle processes across various asset classes including FX, Equities, Rates, and Credit Derivatives.
• Oversee pre-settlement and post-settlement activities, ensuring timely and accurate settlement of trades.
• Investigate and resolve settlement failures, breaks, and operational discrepancies.

Nostro Reconciliations

• Perform daily cash and securities Nostro reconciliations.
• Investigate reconciliation breaks and coordinate with counterparties, custodians, and internal stakeholders for timely resolution.
• Ensure aging items are minimized and tracked through closure.
• Prepare MIS and reconciliation metrics for management review.

Collateral Management & Margin Operations

• Manage collateral allocation, optimization, substitutions, and collateral movements.
• Oversee daily variation margin, initial margin, and regulatory margin calculations.
• Process and validate margin calls with counterparties.
• Ensure compliance with ISDA, CSA, and regulatory requirements.
• Monitor collateral exposures and mitigate settlement and counterparty risks.

Dispute Management

• Investigate and resolve margin and valuation disputes with counterparties.
• Track dispute aging and implement root cause analysis to prevent recurring issues.
• Maintain comprehensive documentation and audit trails.

 

 

Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services.

 

 

 

 

 

 

 

 

 

 

Applications will be accepted on an ongoing basis until the position is filled.

 

 

SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.

Experience Level

Mid Level