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Business Operations Analyst – Commodities

Business Operations Analyst – Commodities

CompanyU.S. Bank
LocationChicago, IL, USA
Salary$98345 – $115700
TypeFull-Time
DegreesBachelor’s
Experience LevelSenior

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.