Lead - Collateral Management

Societe Generale Global Solution Centre; Bengaluru; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Societe Generale Global Solution Centre in Bengaluru seeks a senior reconciliation expert to manage margins, dispute resolution, and daily OTC collateral reconciliations under ISDA/CSA. You will work with TSU, Back-offices, MACC, and external clients to ensure accurate, timely settlements.

The role emphasizes analysis of automated matching, portfolio reconciliation, and root-cause investigations, while maintaining SOPs and regulatory compliance.

Qualifications

• 8–10 years of experience in a similar reconciliation role within the IB environment.
• Strong understanding of derivatives collateral and ISDA/CSA framework.
• Proven ability to coordinate with internal partners and external clients.

Responsibilities

• Analyze and validate automated trades matching in TriOptima and the reconciliation tool used by SG and the Industry.
• Perform portfolio reconciliation and analyze discrepancies, investigating root-causes with CCR, TSU, MACC, and on-shore teams.
• Analyze product scope discrepancies and ensure resolution with CCR, Legal, ITEC, etc.

Skills

IB environment

Derivatives knowledge

Analytical skills

MS Office

Communication skills

Education

Finance degree

Tools

TriOptima

E-Rec

Excel

Job description

Responsibilities

The Margins, Port Recs & Dispute management teams within GSC CCR oversee the daily reconciliation of OTC collateralized trades (under ISDA/CSA), and must ensure the fast and accurate correction of identified discrepancies, relying on appropriate teams: TSU, Back-offices, MACC (in charge of valuation), external clients.

Reference 26000GQ7

The Margins, Port Recs & Dispute management teams within GSC CCR oversee the daily reconciliation of OTC collateralized trades (under ISDA/CSA), and must ensure the fast and accurate correction of identified discrepancies, relying on appropriate teams: TSU, Back-offices, MACC (in charge of valuation), external clients.

Reconciliation & Dispute management responsibilities:

• . Analyze and then validate or correct, as appropriate, the automated trades matching performed within the Reconciliation tool used by SG and the Industry (TriOptima),
• . Perform the portfolio reconciliation (using TriOptima, E-Rec or manually) and analyze, categorize and explain the transaction discrepancies between SG and the Counterparty, investigating and identifying the root-cause with the help of appropriate business partners (TSU, MACC, CCR on-shore). The identified root-cause need to be investigated and tackled in a sustainable manner.
• . Analyze the discrepancies in terms of products scope between SG and the Counterparty’s portfolio, and ensure the resolution with the help of appropriate teams (CCR, Legal, ITEC, etc.)
• . Actively participate to the improvement of our processes, ensuring compliance with our internal procedure and Regulators. Maintain the SOP up to date.
• . Participate to the production of KPI/KRI indicators,
• . Report and escalate any incident / alert to the management in a timely manner.

Margining responsibilities:

• . Issuing notification, issuing margin calls, agreement of Margin calls to receive/ to be paid) with the Clients, Booking in Colline, substitutions etc.
• . Settlement of collateral (cash, securities) for VM & IA - Interest management
• . Perform the Accounting and handle the Nostro reconciliation
• . To ensure BAU are being performed in accordance with the SOP & no deviations
• . Ensure all the SLAs are met, including the mailbox management.
• . Ensure Client confidentiality is always adhered
• . Demonstrate a high level of accuracy & avoid repetitions by working with your direct manager and ensuring smooth flow of BAU.
• . Ensure the KPI/KRI is regularly updated to assist your manager in publishing the same to rest of the stake holders.
• . To aim at working independently on the process.
• . Reporting of incidents immediately to the reporting Manager.
• . Ensure any new additions to the process are communicated to your direct Manager and SOP is updated accordingly.
• . The incumbent to participate in all team meetings, Department meetings and Town hall when invited and contribute to the meetings constructively.

Other responsibilities:

• . Participation in WB on a regular basis with necessary contribution towards the discussions.
• . Participation in the PSS and make contribution and contribute in resolving the problems at hand. Sometimes the incumbent is required to take charge of leading the PSS too.
• . Work closely with the stakeholders for effective resolution of breaks (Cash, Securities, unmatched, MTM etc.)
• . Escalate and report client incidents immediately to your reporting Manager and log onto Trouble tracker
• . Attend the Sessions organized on the Operational risk matters in consultation of your direct Manager.
• . Ensure high risk items / situations are escalated to supervisors in timely fashion. Ensure all risk incidents are escalated to reporting / functional line manager in a timely fashion and are tracked till resolution.
• . Assist team to ensure smooth functioning of the process by ensuring all day-to-day tasks are completed by the agreed deadlines, error free processing and accuracy by arriving at speedy and proper resolution of the escalations.
• . Analyze and understand all the scope of activities managed. Ensure the SLAs / thresholds on the respective activities, breaks are adhered to all times and followed up effectively for
• . Ensure daily checklists, Controls are followed and effectively utilized.
• . Effective mailbox management ensure all the queries received from the internal/external clients are responded.

Required

Profile required

Qualifications:

• Graduate/Post Graduate in Finance with 8 to 10 years’ experience in a similar role
• Experience in the IB environment and knowledge of Derivatives Collateral is extremely critical
• Ability to identify and develop strong working relationship with internal partners as well as external clients
• Proficiency in MS Office Tools (Excel, Word Doc, PPT, etc.)
• Flexible working in ASIA/AMER Shifts
• Eye for Detail

Expected Profile & Skills

• Good understanding of Collateral business and regulations
• Excellent knowledge on OTC derivatives products
• Excellent analytical skills
• Good communication skills (lot of interactions with clients, on-shore, business partners)
• Autonomy, pro-activity
• Good management of priority
• Capacity to work in transversal and complex environment

Why join us

We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status

Business insight

At Société Générale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious. Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating, and taking action are part of our DNA. If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.

We are committed to support accelerating our Group’s ESG strategy by implementing ESG principles in all our activities and policies. They are translated in our business activity (ESG assessment, reporting, project management or IT activities), our work environment and in our responsible practices for environment protection.