About Capco,
Capco, a Wipro company, is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising of over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivaled industry knowledge to deliver end-to-end data-driven solutions and fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its Innovation Labs and award-winning Be Yourself At Work culture and diverse talent.
We are experts in Banking, Capital Markets, Wealth and Asset Management
We specialise in Digital Transformation, Data Management & Data Analytics, Business & Finance Transformation engagements, and IT transformation and Change programs.
We are committed to growing our business and hiring the best talent in the market.
Our focus is on maintaining our agile and entrepreneurial culture.
Overall Summary of the Job:
Margin Specialist Clearing Operations. Support margin settlements with clients for both Futures and OTC Clearing.
Primary Responsibilities/Essential Functions:
Provide support to Futures Operations. Responsibilities include the following:
- Manage daily margin calls to clearing organizations (CCP) such as CME and ICE
- Research and resolve breaks facing banks, custodians and clearing orgs.
- Coordinate collateral allocation between clients and CCP’s and various custodial locations
- Review margin calls to end clients. Book client settlements, transfers, journals, foreign exchange transactions.
- Ensure margin calls are met promptly and in accordance with all rules and regulations.
- Run exception reports such as the aged margin, Residual interest calc, concentration calculation and Remaining margin
- Book manual cash payments. (MT103 / 202 messages)
- Perform Top day bank recon to ensure all margin is booked and all settlements and origin transfers are settled at the bank
Knowledge and Skill Requirements:
- Ideally having 3-5 years’ experience within Clearing operations / Futures
- Strong understanding of process, products, exchanges and rules covering cleared swaps and Futures.
- Proficiency with Microsoft Excel, Microsoft Word, and Microsoft PowerPoint
- Experience with back office vendor platforms such as GMI, XTP, R&N, Calypso etc.
