OTC Middle Office Analyst

OTC Middle Office Analyst

Requirements

• Bachelor’s degree in finance or economics, or specialized training/equivalent work experience
• Preferably 1-3 years of experience supporting middle office functions related to Bank Loans, OTC, or listed Derivatives
• Solid understanding of a variety of financial products (equities, fixed income and derivatives)
• Ability to work in a high volume, time-sensitive, high risk and demanding environment
• Excellent analytical skills in assessing risk and issues and finding ways to improve current processes
• Highly developed interpersonal and communication skills to effectively engage partners and work well at all levels, including senior management

Responsibilities

• Ensure all aspects of OTC Derivative and Bank Loans trade capture, affirmation, and allocations are carried out in a timely manner
• Interact with counterparties to ensure trade activity is agreed on trade date
• Perform upfront fee and termination fee calculations for relevant OTC deals on trade date
• Assist with implementing industry initiatives as well as internal efficiencies and improvement
• Perform daily activity report validation
• Perform ad-hoc request support and analysis
• Ensure all aspects of OTC derivative cash settlements are carried out in a timely manner
• Perform counterparty position and cash reconciliation for desks
• Interact with counterparties to make sure all payments are affirmed
• Promptly settle and track all outgoing and incoming payments
• Perform swap resets for OTC deals
• Perform fail management and break resolution related to OTC derivative cash settlements
• Participate in Industry Calls and implementing industry initiatives as needed.

Preferred Qualifications

• An understanding of OTC Derivative or Bank Loan products or familiarity with general trade support, Middle Office functions