Consultant, MO Asset Svcg, HFS

$70,000 - $78,000 yearly
  • The Resume Review - Recruiting Department
  • Chicago, IL, USA
  • Sep 14, 2021
Full time Purchasing-Procurement

Job Description

Job description
Position Title: FX/Commodities
 
Department: FX and Commodity operations
 
Location: Chicago Il
 
Team responsibilities
  • Responsible for the affirmation / confirmation, settlement, life cycle event processing, and break resolution related to all client FX and Commodity trades
  • Responsible for the settlement of all client FX and Commodity transactions (CLS for FX)
  • Responsible for the completion of requested amendments related to all client FX and Commodity trade bookings
 
Key Duties and Responsibilities:
  • Affirmation/Confirmation for FX and Commodity trades on electronic platforms
  • Manage the settlement of cash flows associated with all FX and Commodity products, including unwinds, novations, fees, 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
 
 
Qualifications:  
Minimum Qualifications (Education, Experience, Skills):
  • Minimum Bachelor’s Degree
  • 2+ years finance experience, with focus on vanilla and structured FX and Commodity products
  • Strong knowledge of the SWIFT affirmation workflow and SWIFT message types
  • Firm grasp of the Commodity electronic confirmation system ICE eConfirm
  • Strong understanding of CLS and the settlement process
  • Understanding of the ISDA FX Novation Protocol
  • Proven change management experience
  • Thorough understanding of operational risk management
  • 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
  • Understanding of the various FX transaction types such as spot, forwards, non-deliverable forwards and options, vanilla options, binaries, barriers, touches and digitals
  • Firm knowledge of the various Commodity products such as Agricultural, power, Natural Gas and oil swaps as well as Weather options
  • Understanding of front to back workflow
 
 
 
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.
 
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.