Urgent opening For OTC Associate Manager role

SS&C FINTECH SERVICES INDIA PRIVATE LIMITED; Mumbai; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

SS&C FINTECH SERVICES INDIA PRIVATE LIMITED is seeking an Assistant Manager for OTC Settlement & Collateral to lead end-to-end OTC derivatives operations, including trade lifecycle, settlement, and collateral management. The role emphasizes automation using AI, agentic bots, and intelligent process automation to drive efficiency and accuracy.

You will oversee Nostro reconciliations, margin calculations, dispute resolution, and corporate actions, while ensuring compliance with ISDA/CSA and

Qualifications

• Experience in end-to-end OTC derivatives operations and settlement lifecycle.
• Strong understanding of reconciliation, collateral, and margin processes.
• Proven ability to drive automation, AI/IA and RPA initiatives in capital markets operations.

Responsibilities

• Manage end-to-end OTC trade lifecycle across asset classes (FX, Equities, Rates, Credit Derivatives).
• Oversee pre/post-settlement activities and ensure timely settlement.
• Investigate and resolve settlement breaks and discrepancies.

Skills

OTC Derivatives Operations

Trade Lifecycle Management

Pre and Post Settlement Processing

Nostro Reconciliations

Collateral Management

Margin Call Processing

Variation Margin

ISDA/CSA Documentation

Corporate Actions Processing

Dispute Management

Operational Risk & Controls

Education

Bachelor’s degree in a relevant field

Tools

Power BI

TradeServe

DTCC

Acadia

SWIFT

Job description

Assistant Manager - OTC Settlement & Collateral

Role Summary

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

Key Responsibilities

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.

Corporate Actions

• Process mandatory and voluntary corporate actions.
• Validate event details and ensure accurate entitlement calculations.
• Coordinate with custodians, counterparties, and internal teams to ensure timely execution.
• Manage associated reconciliations and exception handling.

Risk & Control

• Ensure adherence to operational controls, regulatory requirements, and internal policies.
• Drive reduction in operational risk through process improvements and automation.
• Support internal and external audits, compliance reviews.

AI, Automation & Agentic Solutions

• Identify opportunities to automate manual processes using AI and intelligent automation tools.
• Design and implement Agentic Bots for exception management, break resolution, workflow orchestration, and operational reporting.
• Partner with Technology teams to deploy AI/ML solutions in settlement, reconciliations, and margin operations.
• Utilize GenAI tools for knowledge management, operational insights, and decision support.
• Drive digital transformation initiatives to enhance efficiency, accuracy, and scalabilit

Required Skills & Competencies

Functional Skills

• OTC Derivatives Operations
• Trade Lifecycle Management
• Pre and Post Settlement Processing
• Nostro Cash & Securities Reconciliations
• Collateral Management
• Margin Call Processing
• Variation Margin (VM) and Initial Margin (IM)
• ISDA / CSA Documentation
• Corporate Actions Processing
• Dispute Management
• Operational Risk & Controls

Technology & Automation Skills

• Experience with AI-powered operational solutions.
• Knowledge of Agentic AI, Intelligent Automation, RPA, and Workflow Automation tools.
• Familiarity with Power BI, or similar analytical tools.
• Experience working with Capital Markets platforms such as TradeServe, DTCC, Acadia, SWIFT, or similar systems.

Leadership Skills

• Team management and stakeholder engagement.
• Strong analytical and problem-solving capabilities.
• Ability to manage multiple priorities in a fast-paced environment.
• Excellent communication and client-facing skills.
• Continuous improvement and transformation mindset.