Associate III - Derivatives

UST; Chennai District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

UST Chennai invites a Derivatives Senior Analyst to join the Transaction Services team, supporting derivatives operations, collateral management, and reconciliation processes.

You will manage daily transactions, escalate issues, mentor junior analysts, and collaborate with internal teams and external counterparties to drive improvements.

A bachelor’s degree in Finance, Commerce, Business, or Economics and hands-on derivatives operations experience are required.

Qualifications

• Strong experience in Derivatives Operations, including Collateral Management.
• Hands-on experience with Aladdin.
• Proficiency in MS Excel and data analysis.
• Strong understanding of transaction services and operational workflows.
• Attention to detail and accuracy.
• Ability to manage priorities in a deadline-driven environment.
• Strong analytical, problem-solving, and communication skills.
• Experience handling reconciliations, operational breaks, and escalations.
• Ability to work collaboratively in a team-oriented environment.

Responsibilities

• Process assigned transactions and events within defined deadlines, ensuring timely follow-up and escalation where required.
• Prioritize workload effectively and engage senior team members when appropriate.
• Investigate and resolve stock and cash reconciliation breaks and operational queries within agreed timelines.
• Manage stakeholder and client communications with a focus on quality, accuracy, and timeliness.
• Support ad-hoc operational tasks and project initiatives, ensuring delivery within agreed timelines.
• Adhere to operational controls, procedures, and risk management practices.
• Identify opportunities for process improvement, automation, and risk reduction.
• Collaborate with internal operational teams, Portfolio Implementers, Dealers, and external counterparties on daily operational matters.
• Mentor and support junior analysts within the team.
• Ensure timely and comprehensive escalation/reporting of operational issues and incidents.

Skills

Derivatives Operations

Collateral Management

Transaction services

Operational workflows

Attention to detail

Prioritization

Analytical thinking

Problem solving

Communication

Reconciliations

Escalations management

Team collaboration

Mentoring

Education

Bachelor’s degree in Finance, Commerce, Business, Economics, or related field

Tools

Aladdin

MS Excel

Job description

Derivatives Senior Analyst

The Transaction Services team is a multi-skilled operations function supporting cash operations, asset servicing, trade operations, and derivatives processing. The role requires a detail-oriented professional who thrives in a fast-paced environment, collaborates effectively across teams, and demonstrates a strong interest in operational excellence and technology-driven process improvement.

Role Description

The Transaction Services team is a multi-skilled operations function supporting cash operations, asset servicing, trade operations, and derivatives processing. The role requires a detail-oriented professional who thrives in a fast-paced environment, collaborates effectively across teams, and demonstrates a strong interest in operational excellence and technology-driven process improvement.

Key Responsibilities

• Process assigned transactions and events within defined deadlines, ensuring timely follow-up and escalation where required.
• Prioritize workload effectively and engage senior team members when appropriate.
• Investigate and resolve stock and cash reconciliation breaks and operational queries within agreed timelines.
• Manage stakeholder and client communications with a focus on quality, accuracy, and timeliness.
• Support ad-hoc operational tasks and project initiatives, ensuring delivery within agreed timelines.
• Adhere to operational controls, procedures, and risk management practices.
• Identify opportunities for process improvement, automation, and risk reduction.
• Collaborate with internal operational teams, Portfolio Implementers, Dealers, and external counterparties on daily operational matters.
• Mentor and support junior analysts within the team.
• Ensure timely and comprehensive escalation/reporting of operational issues and incidents.

Must-Have Skills & Experience

• Strong experience in Derivatives Operations, including Collateral Management.
• Hands-on experience with Aladdin.
• Proficiency in MS Excel.
• Strong understanding of transaction services and operational workflows.
• Excellent attention to detail and accuracy.
• Ability to manage priorities effectively in a deadline-driven environment.
• Strong analytical, problem-solving, and communication skills.
• Experience handling reconciliations, operational breaks, and escalations.
• Ability to work collaboratively in a team-oriented environment.

Good-to-Have Skills & Experience

• Experience in Trade Operations across asset classes:
  • Equities
  • Fixed Income (including ABS/MBS)
  • FX
  • Money Markets
  • Unit Trusts
  • Repo
  • Term Deposits
• Experience in Cash Operations, particularly payments processing.
• Working knowledge of SWIFT messaging standards.
• Understanding of Corporate Actions processing:
  • Mandatory events
  • Voluntary events
  • Income processing
• Knowledge of operational risks across the transaction and asset lifecycle.
• Experience driving process improvements or automation initiatives.
• Prior experience mentoring junior team members.

Preferred Behavioural Competencies

• Proactive and ownership-driven mindset.
• Strong stakeholder management skills.
• Ability to work under changing priorities and market-driven timelines.
• Continuous learning attitude with a focus on operational excellence.
• Risk-aware and control-focused approach to operations.

Qualification & Experience

• Bachelor’s degree in Finance, Commerce, Business, Economics, or related field.
• Relevant experience in Investment Operations / Transaction Services / Derivatives Operations environment preferred.

Skills

business process outsourcing, derivatives, derivatives management, aladdin