DG- Assistant manager- Risks
- Genpact India
- 2 to 4 Yrs
- Mumbai
- 4 years ago
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Job Description
With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world s biggest brands and we have fun doing it. Now, we re calling all you rule-breakers and risk-takers who see the world differently and are bold enough to reinvent it. Come, transform with us.
Are you the one we are looking for
Inviting applications for the role of AM, COLLATERAL MANAGEMENT Function
Responsibilities
- Collateral collection and release process including client engagement, collateral calls, collateral substitutions, collateral documentation, collateral draws.
- Ensuring all legal documentation is in place and appropriately signed and coordinating with legal function to ensure legal documents are current and up to date.
- Management of collateral, collateral shortfalls, reporting and any subsequent request for collateral.
- Comply with Organization s and Global standards and controls on collateral management.
- Support credit analysts to manage and report on the collateral waiver process.
- As part of the mitigation and management of credit & settlement risk apply monitor and report on alerts and decline controls applied to clients as instructed.
- Provide MI / Reporting in support of the credit analyst team including support on Credit & Settlement Risk projects as required.
- Provide concise insightful MI and reports to support management decisions and risk mitigation.
- Ensuring collateral instruments adhere to Client policies and/or Legal approved formats.
- Management of new collateral instruments (E.g., domestic government bonds and Trust Structures) at designated custodian banks.
- SBLC s management and Cash accounts administration.
- Collateral releases for terminated clients.
- Instructions to clients sending funds to accounts or set-up for collateral releases.
- Management of monthly client statements.
- External client research.
- Diligently monitor all assigned clients exposure to ensure collateral shortfalls are highlighted and rectified in a timely manner.
Qualifications
Minimum Qualifications
- Experience in Collateral Management and Credit Risk Analysis / Underwriting, or equivalent, preferably within the payment services or financial industry.
- Knowledge, understanding and experience of risk management practices in financial services.
- Understanding of the UK and wider European payments and / or financial services
- Masters / Bachelor of Commerce will be required, post graduate qualification as an MBA or CA.
- Strong report writing and presentation skills, an analytical mind, and problem-solving abilities.
- Position requires the ability to work effectively with all levels of staff and handle confidential information discretely and professionally.
- Knowledge of various banking terminologies like SBLC, cash collateral, insurance and waivers.
Preferred Qualifications
- Collateral Held reconciliation and reporting
- Periodic Collateral Inventory
- Control testing of processes based on Procedures
- Quarterly Billing of Clients
- REACT and Watchlist reporting
- Releases and Waivers reconciliation and reporting
- Collateral Reporting
- Portfolio Reporting
- Tracking and communication of new collateral requests, renewals, executions, and recordkeeping
- Tracking of SBLC s Expirations, expiration of securities and communications to respective banks
- Replacement communications to clients for collateral renewals
- Client management in REACT
- Clients Watchlist tracking
- Clients (with a special emphasis on Fintech) tracking of risk controls and conditions
- Fintech tracking of Fast Track and waiver conditions
- Acquiring clients volumes tracking and analysis (including deep dive into Acquirer clients volumes and trends)
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn and YouTube.
Employement Category:
Employement Type: Full timeIndustry: IT - Software Role Category: Risk / Underwriting Functional Area: Not ApplicableRole/Responsibilies: DG- Assistant manager- RisksContact Details:
Company: Genpact IndiaLocation(s): Mumbai
Keyskills: sales mis accounts tat banking credit risk analysis fixed income derivatives environmental impact assessment handle confidential information credit risk risk analysis report writing customer focus fast track
Genpact India
Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...
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