• Manager / Sr. Manager : Derivatives expert Jobs in Gurgaon,India - 25319525

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  • 5 - 10 Years
  • Posted : above 1 month

Job Description:

Manager / Sr Manager Derivatives expert Treasury Life Insurance

5 - 10 Years


Role Purpose Implementation of derivatives program in Investment Mid office and Back Office; including hedge accounting, daily margin management with counterparties, daily valuation, regulatory limits, accounting as per accounting standards, monitoring of derivative Risk parameters

Understanding of interest rate derivatives including deal life cycle, valuation and risk measures associated with derivatives
Understand the hedging strategy in relation to interest rate derivatives especially for the non-par book
Review deals undertaken by the Front Office and confirmation with counterparties
Undertake independent valuation of interest rate derivative transactions including forward rate agreements, interest rate swaps and interest rate futures
Accounting as per relevant accounting standards (AS 30 and ICAI guidance note)
Compare valuation with counterparty valuation and attribute reasons for differences
Undertake exchange of margins with counterparties
Undertake hedge accounting for derivative transactions
Review and monitor value at risk, PV01, stress tests and other risk measures in relation to derivative trades
Update the senior management on progress of implementation of derivative hedging strategy
Review and update senior management on gain/ loss form hedging transactions, its accounting impact, impact on solvency and other financial ratios
Undertake hedge effectiveness testing for derivatives undertaken
Interact with system auditors, concurrent auditors and statutory auditors in relation to derivative transactions undertaken and associate certifications and ongoing reports
Work with third parties and external vendors to ensure automation of derivative transactions is undertaken and maintained
Monitor IRDA specified pre-deal limits
Monitor counter-party exposure limits
Prepare regulatory reports for submission to IRDA, RBI and other regulators
Undertake ongoing improvements in systems and processes
Ongoing updation of the policy and operating procedures

Principal Accountabilities
Successful implementation of derivatives program
Timely accounting of all derivative transactions
Predictability in earnings
Timely regulatory submissions
Monitoring of risk parameters
No exceptions in audits undertaken related to the derivatives program
Timely closure of accounting in relation to derivative transactions
Prompt reporting of breaches as per Policy
No exceptions in regulatory reporting
Timely monitoring of value at risk, PV01, stress tests and other risk measures in relation to derivatives

Customers / Stakeholders
Engagement with senior management on performance of hedge program
Engagement with senior management on exceptions in relation to the policy
Provide reports to Front Office on deal pricing and valuation
Update Front Office on counterparty exposures
Timely reporting of performance on hedge program

Leadership & Teamwork
Team members be a good team player
Work towards achieving team goals and deliverables
Work towards achieving team goals and deliverables

Operational Effectiveness & Control
Complete Automation of Derivatives in system
Enhancing controls at each level of operations
To ensure all the time driven activities are completed within agreed timelines

Salary Not Disclosed by Recruiter


Functional AreaFinancial Services, Banking, Investments, Insurance

Role CategoryTreasury

RoleTreasury Operations Manager


Interest Rate Swaps Regulatory Reporting Futures Life Insurance Front Office Finance AS 31 & 32 Back Office Hedging Auditing

Desired Candidate Profile

Please refer to the Job description above


Company Profile

Skill Ventory

We work as RPO firm, where clients and companies transfer their recruitment worries on us right from sourcing right candidate, interview, offer, acceptance, till his final joining

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : IT-Software
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Chartered Accountant/CPA
Salary : As per Industry Standards
Deadline : 03rd Jun 2020

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