Job Description
About the position
The Operations Associate, Post Trade Derivatives will be responsible for processing and understanding the end-to-end trade settlement life cycle for derivative transactions and includes the opportunity to gain experience in fixed income and equity life cycles. The role emphasizes trade matching, confirmation of both cleared and bilateral derivative instruments, trade settlement, collateral management, and security life cycle events. The associate will review and communicate details to multiple stakeholders, collaborating closely with traders, portfolio managers, portfolio administration, custodians, and brokers on trade issues.
Additionally, the Associate will assess and mitigate settlement risks across derivatives, equities, and fixed income markets, while continuously seeking opportunities to enhance operational efficiency. The ideal candidate will have experience managing the daily settlement and collateral processes for derivative trades in a challenging environment. They should be adept at collaborating across teams to ensure timely trade settlement, accurate reporting, and fulfillment of additional responsibilities as needed.
We seek a proactive individual with strong leadership abilities, exceptional attention to detail and the capability to work independently while meeting tight deadlines. 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 requests from trading, accounting and clients • Cross-train on all team responsibilities • Create, update and maintain procedures • Maintain an excellent knowledge of industry practices and controls • Effectively escalate issues to senior management and other impacted teams 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 • Trade settlement, collateral management and middle office experience is preferred • Competent in bolthires Office programs, familiarity with 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 Benefits • Medical, Prescription Drug, Dental, Vision • Health Savings Account • Dependent Day Care Savings Account • Life Insurance • Disability and Other Insurance Plans • Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually) • 10 Paid Holidays • 401(k) • Short/Long Term Disability Apply tot his job