Business Operations Analyst – Commodities

Business Operations Analyst – Commodities

Requirements

• Bachelor’s degree, or equivalent work experience
• Typically six or more years of related experience

Responsibilities

• Contribute to Back Office responsibilities including client onboarding, confirmations, settlements and cash reconciliations etc.
• Demonstrate deep understanding of commodity derivatives markets with in-depth knowledge of various derivative products (Swaps, Caps/Floors/Collars and Futures) including understanding of market price setting and cash payment calculations
• Demonstrate deep understanding of ISDA Definitions related to Confirmations.
• Hand on experience to build various processes and reporting and familiar with technology required to troubleshoot and resolve trade, cash settlement, confirmation and system configuration issues.
• Produce innovative ways to refine processes as a means of improving efficiencies allowing for both Commodity derivatives Front & Back Office to adapt to the growing needs of the business
• Demonstrated ability to Lead multiple special projects and/or activities designed to resolve pain points for Front, Middle or Back Office teams, including Confirmation template development, Settlements, Reporting and application upgrades
• Collaborate with teams across Derivative Trading Front Office, Technology & Operations Services, Compliance, Legal, Market Risk Management, Treasury, and Finance, to ensure transparent and aligned objectives with seamless resolution delivery
• Define and document business requirements and procedures to ensure all business rules are applied consistently across different technology solutions and user interfaces.
• Act as liaison between Commodity derivatives Front Office and Development, tracking and identifying open issues for upcoming Agile Sprint deliveries.
• Act as Business Line stakeholder accountable for validating test requirements in lower environments while simultaneously creating and testing a personal suite of test cases to ensure product deliverables meet expectations prior to go-live.
• Represent Back Office in both internal and external audits demonstrating operational understanding and compliance with various rules and regulations including Dodd-Frank, Volcker and Sarbanes-Oxley
• Successfully on-board and train staff ensuring they can support the daily needs of the business.
• Create and lead training and development programs conducted across various organizations within the bank specific to building the knowledge and understanding of derivatives.
• Process onboarding, settlement, confirmation, and configuration tasks as necessary in support of the Derivatives Products Group Rates and Commodity/Energy trading activity.

Preferred Qualifications

• In-depth knowledge and working experience of Commodity Derivatives market, asset classes, various derivative products offered and an inquisitive mind.
• Advanced proficiency with Excel Functions and VBA Knowledge is a plus.
• Strong understanding of Calypso or similar trading platform and how to navigate the software to batch files, track trade execution and reporting, and execute on-demand reports.
• Proficient ability to write, troubleshoot and implement macro enabled tools to improve process efficiencies.
• Experience with audit/regulatory issue management, response, and escalation.
• Demonstrated experience in the successful implementation of operational process change and improvement within capital markets operations.
• Strong process facilitation and project management skills.
• Strong presentation, relationship building, collaboration and negotiation skills.
• Self-motivated, highly organized, and able to work independently without direct supervision.