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 solid 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.

📌 Assistant Manager / Manager - OTC Settlement & Collateral (India)
🏢 SS&C Technologies Holdings
📍 India