Operations Associate – Post Trade Derivatives – Parametric

Operations Associate – Post Trade Derivatives – Parametric

Requirements

• Associates (2yr) or Bachelor’s (4yr) degree in Finance, Accounting or Economics preferred
• 4+ years experience in confirmation, settlement and asset servicing of futures, options, OTC derivatives, stocks, bonds and/or Asset Backed Securities in financial operations
• Strong attention to detail and ability to work independently under tight deadlines
• Competent in Microsoft Office programs, familiarity with the following is a plus: SWIFT, Bloomberg, DTCC CTM, DTCC Alert, DTCC TradeSuite, TradeNexus, FIA Tech, IceLink, MarkitWire, Markit Trade Manager, CloudMargin and triOptima’s suite of products
• Must have strong professionalism, verbal and written communication skills
• Displays excellent organization, time management and planning skills
• Displays high attention to detail, accuracy, thoroughness, and thoughtfulness. Commitment to meeting identified quality and efficiency standards
• Commitment to satisfying internal and external customers and continuous improvement
• Ability to work with a level of ambiguity
• Ability to plan and prioritize multiple responsibilities

Responsibilities

• Confirm trades and other transactions against various resources such as brokers and custodians
• Instruct, monitor and verify the settlement of trades and the transfers of positions and cash
• Research and resolve trade and account discrepancies in a timely manner to minimize fails and claims
• Assist in the automation of operational processes; propose solutions, liaise with developers and test enhancements
• Actively participate in projects to drive automation and enhancement efforts
• Maintain and drive efficiencies with numerous custodial and clearing broker relationships
• Work with Reconciliation department to diagnose breaks and resolve accordingly
• Analyze daily collateral needs. Monitor counterparty exposure and transfer collateral to minimize credit risk
• Escalation of urgent issues, aged reconciliation discrepancies and breakdowns in operations controls
• Consistently prioritize daily and longer-term tasks in high paced work environment with diligence
• Process ad-hoc request from trading, accounting and clients
• Cross-train on all team responsibilities
• Create, update and maintain procedures
• Maintains an excellent knowledge of industry practices and controls
• Effectively escalate issues to senior management and other impacted teams

Preferred Qualifications

• Trade settlement, collateral management and middle office experience is preferred