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CIB Operations (Derivatives Ops) - Analyst - Newark

Job Description

Role Description
The Collateral Services Team supports Futures & Options margin requirements, centrally cleared OTC Derivative collateral requirements, bilateral OTC derivative collateral requirements, and trade settlements related to OTC Derivative contracts. The successful candidate will be a member of this team which will primarily support the Prime Services area of the Investment Bank.

The Client Service Representative will deal primarily with buy-side clients (Hedge Funds, Investment Advisors/Asset Managers) and will develop partnerships internally with various Marketers/Salespeople, individuals in Prime Brokerage, Credit Executives, Middle Offices, and Line of Business Operations Teams.

Successful candidates must be client focused, able to work independently under strict deadlines with limited supervision, be control oriented, as well as be responsible for the following:
• Preparation of daily consolidated statements and reporting encompassing OTC derivative settlements, cleared and non-cleared derivatives collateral and futures and options activity/obligations.
• Provide accuracy and transparency to the client in the margin call process by monitoring and analyzing statements and interpreting and complying with the legal agreement.
• Contacting external clients (and possibly internal clients) to agree on collateral/margin movements across multiple requirements/obligations while ensuring all transfers are eligible under the appropriate legal document.
• Accountability for the uncollateralized credit risk of a subset of Investment Bank clients, with responsibility for identifying and escalating fails and disputes in a timely and accurate manner to Credit/Risk Management, Collateral Risk Management and Operations Management.
• Responding to client inquiries, and when needed, coordinate with the appropriate Front/Middle Office as well as the core processing area in order to facilitate resolution.
• Identifying and resolving client disputes related to both collateral and trade settlement discrepancies.
• Developing a complete understanding of Bank policies and departmental controls and procedures.
Qualifications

Required Skills and Qualifications
• Bachelor degree in Finance, Accounting, or Business or equivalent work experience required.
• Minimum 2-3 years Financial Industry experience.
• Minimum 1 years Operations experience with some Securities experience preferred.
• 2-3 years Microsoft Excel experience, intermediate to expert level is compulsory. Knowledge of VBA and Macros preferred.
• Knowledge of Derivative Products, or the demonstrated previous desire to learn these products, is preferred.
• Must be Service and Client-oriented
• Problem solver with the ability to assist in the development of solutions for clients.
• Credit Risk Management experience preferred.
• Must possess heightened communication skills, as the role depends upon superior communication skills in order to bridge the multiple business lines that will be supported.
• Must demonstrate strong team player and robust interpersonal skills.
• Must demonstrate excellent analytical skills; be able to work independently in a changing environment.
Role Description
The Collateral Services Team supports Futures & Options margin requirements, centrally cleared OTC Derivative collateral requirements, bilateral OTC derivative collateral requirements, and trade settlements related to OTC Derivative contracts. The successful candidate will be a member of this team which will primarily support the Prime Services area of the Investment Bank.

The Client Service Representative will deal primarily with buy-side clients (Hedge Funds, Investment Advisors/Asset Managers) and will develop partnerships internally with various Marketers/Salespeople, individuals in Prime Brokerage, Credit Executives, Middle Offices, and Line of Business Operations Teams.

Successful candidates must be client focused, able to work independently under strict deadlines with limited supervision, be control oriented, as well as be responsible for the following:
• Preparation of daily consolidated statements and reporting encompassing OTC derivative settlements, cleared and non-cleared derivatives collateral and futures and options activity/obligations.
• Provide accuracy and transparency to the client in the margin call process by monitoring and analyzing statements and interpreting and complying with the legal agreement.
• Contacting external clients (and possibly internal clients) to agree on collateral/margin movements across multiple requirements/obligations while ensuring all transfers are eligible under the appropriate legal document.
• Accountability for the uncollateralized credit risk of a subset of Investment Bank clients, with responsibility for identifying and escalating fails and disputes in a timely and accurate manner to Credit/Risk Management, Collateral Risk Management and Operations Management.
• Responding to client inquiries, and when needed, coordinate with the appropriate Front/Middle Office as well as the core processing area in order to facilitate resolution.
• Identifying and resolving client disputes related to both collateral and trade settlement discrepancies.
• Developing a complete understanding of Bank policies and departmental controls and procedures.
Qualifications

Required Skills and Qualifications
• Bachelor degree in Finance, Accounting, or Business or equivalent work experience required.
• Minimum 2-3 years Financial Industry experience.
• Minimum 1 years Operations experience with some Securities experience preferred.
• 2-3 years Microsoft Excel experience, intermediate to expert level is compulsory. Knowledge of VBA and Macros preferred.
• Knowledge of Derivative Products, or the demonstrated previous desire to learn these products, is preferred.
• Must be Service and Client-oriented
• Problem solver with the ability to assist in the development of solutions for clients.
• Credit Risk Management experience preferred.
• Must possess heightened communication skills, as the role depends upon superior communication skills in order to bridge the multiple business lines that will be supported.
• Must demonstrate strong team player and robust interpersonal skills.
• Must demonstrate excellent analytical skills; be able to work independently in a changing environment.
Req #: 160005801
Location: Newark, DE US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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