Consultant, OTC Derivative Operations - Rates, Hedge Fund Services

Location: New York, NY, United States
Department: OTC Derivative Operations – Rates 

Summary: The successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast-paced, dynamic and demanding environment. This person needs to be able to resolve conflict within a short period of time. This person will be intellectually curious, intuitive, trustworthy and have the highest ethical standards. In addition, he/she will be effective addressing a number of internal and external audiences in a professional manner. This person will add value by working on a number of simultaneous tasks with minimal supervision and exemplary follow-through.

OTC Team Responsibilities: 
  • Responsible for the verification, settlement, life cycle event processing, and break resolution related to all client OTC Rates trades.
  • Responsible for affirmation/confirmation of all OTC Rates trade types on electronic platforms and/or on paper where required.
  • Responsible for the completion of requested amendments related to all client OTC Rates trade bookings.

Key Duties and Responsibilities:
  • Affirmation/Confirmation for Rates OTC trades on electronic platforms or on paper where required
  • Manage the settlement of swap cash flows associated with Rates products, including unwinds, resets, and premiums
  • Key point of contact and escalation point for trading desk, reconciliation and control group, and counterparties to resolve any economic discrepancies on trades in timely manner
  • Ensure accuracy of transaction agreements and modifications
  • Ensure proper controls and audit requirements are upheld through all processes
  • Work with IT in the development and enhancement of front to back trading systems
  • Understand and process trade activity in accordance with established operations policies, procedures and client deliverables; understand and minimize risk associated with trade mismatches
  • Ensure procedures are kept up to date
  • Adaptability and ability to effectively work with many coworkers and clients in a fast-paced trading environment.
  • Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards
  • Assist in the training of personal – locally and globally
  • Seek to improve processes and enhance the overall client experience
Minimum Qualifications (Education, Experience, Skills):
  • Minimum Bachelor’s Degree
  • Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
  • Proficiency in Microsoft Excel, VBA and Word
  • Excellent math and analytical skills
  • Excellent English, grammar, written and oral communication skills
  • Ability to handle multiple tasks under extremely time sensitive conditions
  • Experience in Rates OTC structured and derivatives products.  
  • Knowledge of MarkitWire and MTM affirmation workflow
  • Understanding of the various Rates OTC transaction types such as vanilla, cap/floors, swaptions, OIS, FRAs and IOS/POS. 

Physical Demands and Work Environment: Must be able to interact with coworkers and clients in a fast-paced trading environment. Work environment and physical demands otherwise are those normally associated with office work, including frequent use of the computer and  telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat. Hours may infrequently vary based upon market conditions and may require staggered schedule at times to assist in covering European or Asia hours.

Melissa Galloway
ProEnlist, LLC
720-358-4638 Direct
720-507-2417 SMS 

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