Assistant Manager, Derivatives Business Management

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.
- It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030._
- And to get there, we need ambitious people who believe in playing an important part in shaping that future. People seeking unmatched career and personal growth opportunities, who are driven to work with, and learn from some of the most inspiring and supportive leaders in the business._

Sound like you? Then read on.

About the Role

This position plays an important role in supporting the day-to-day collateral management activities of the Derivatives Business Management (“DBM”) in AIAIM.

What you will doing
- OTC Margining and Collateral Settlement_
- Support the daily routine of collateral valuation, margining, dispute resolution, collateral settlement, reconciliation, substitution, coupon claims, interest payment on cash collateral and escalate any issues in a timely manner to team head.
- Review and follow up any exceptions on daily reports from external service vendors
- Prepare ad-hoc transfers forms to GFS for security collateral movements
- Exchange Traded Derivatives Collateral Management_
- Reconciliation of daily margin call amount on statements from clearing agents
- Review cash buffer in margin accounts with clearing agents
- Arranging security transfer for initial margin if applicable and updating internal records accordingly
- Reconcile security collateral balance with clearing agent if applicable
- Collateral management_
- Maintenance of the collateral inventory list and communicate it to BP2S
- Block position in Bloomberg AIM for the list of eligible collaterals
- Preparation of ad-hoc transfer form to GFS for securities posted as collaterals
- Review collateral holdings report sent by BP2S
- Perform daily position reconciliation on collateral pool securities
- Prepare coupon payments to EFM
- Process Security lending and collateral swaps to increase bonds in the collateral pools
- Support the movement of bonds to collateral pool from EFM & AIA portfolios
- Segregated Initial Margin_
- Reconciliation of collateral balance with segregated initial margin custodian
- Coordinate the asset transfer with segregated initial margin custodian
- Review daily reports and escalate any exception to team head for follow up action
- Monitoring of the segregated initial margin thresholds
- Reconciliation of segregated initial margin exposures with external service vendor
- Collateral Optimization & Intra-fund Security Lending_
- Process any necessary asset transfers for collateral optimization or intra-fund security lending
- Reconciliation of collateral inventory balance
- Preparation of security lending confirmation
- Maintenance of collateral inventory and intra-fund security lending records, and communicate the same with internal clients and external service vendor
- Daily collateral inventory pool reporting
- Cash Collateral Management_
- Preparation of Start of Day and End of Day cash corridor report for internal clients
- Reconciliation of cash collateral pool balance
- Collateral Transformation_
- Process the settlement of collateral transformation

What you will have
- Bachelors Degree or Diploma in Business Administration, Business Management, Banking and Finance or related.
- At least two years of experience in operations support of a fund management industry or an asset management company or insurance company preferably with derivatives operation experience.
- Settlement knowledge of various investment instruments, in particular to derivatives products
- Good communication, interpersonal and leadership skills
- Good computer knowledge in Microsoft Excel, Word and PowerPoint
- Strong initiatives, able to multi-task and work under pressure
- Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives._