Sr. Consultant, OTC Middle Office Asset Servicing, HFS

$80,000 - $85,000 yearly
  • The Resume Review - Recruiting Department
  • Chicago, IL, USA
  • Apr 29, 2021
Full time Customer Service

Job Description

Job Description:
The OTC Sr. Consultant is responsible for the verification, settlement, life cycle event processing and break resolution related to all client OTC transactions. In addition, the Sr. Consultant is responsible for the affirmation/confirmation of all OTC trade types on electronic platforms and/or on paper as well as the completion of requested amendments related to all client OTC trade bookings.
Major Duties:
  • Affirmation/Confirmation of all OTC trades on electronic platforms or on paper where required
  • Manage the settlement of swap cash flows associated with OTC products, including unwinds, fees, resets, and premiums
  • Assist in proper operational reflection of OTC trades
  • Review booking of corporate actions and dividends/coupons to ensure accurate position and p/l attribution
  • Efficiently identify and resolve transaction discrepancies between client and swap counterparties. Liaison between trading desk, control groups and counterparties to resolve any economic discrepancies on trades in a timely and efficient manner
  • Process all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products
  • Ensure timely receipt of OTC confirmations from trading counterparties
  • Ensure accuracy of transaction agreements and modifications
  • Work with IT in the development and enhancement of the trade management system
  • Prioritize time accordingly to action trade breaks by end of day
  • Understand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatches
  • Must be able to interact with coworkers and clients in a fast-paced trading environment.
  • Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards
  • Effectively address a number of internal and external audiences in a professional manner
  • Assist in the training of personal internationally
  • Perform other related duties as required
Qualifications: Knowledge/Skills:
  • Bachelor’s degree strongly preferred
  • Five plus years of experience in OTC structured and derivatives products operations including:
    • Experience with the settlement of OTC structured and derivatives products
    • Experience reviewing documentation for OTC structured and derivatives products
  • Proficiency with DS Match, MarkitWire/MarkitTradeManager, and eConfirm platforms preferred
  • Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
  • Proficiency in Microsoft Word, Excel (ability to create macros)
  • Excellent math and analytical skills
  • Excellent written and oral communication skills
  • Strong organization skills, meticulous attention to detail.
  • Ability to handle multiple tasks under extremely time sensitive conditions
  • Understanding of the various transaction types within each asset class beyond ‘vanilla’ trades is preferred (e.g. for IRS, understanding of caps, floors, swaptions, etc. and for CDS, understanding of tranches, recovery swaps, ABS/X, etc.)
  • Understanding of established guidelines and documents published by ISDA is helpful
  • OTC Regulatory knowledge across Dodd Frank, EMIR, ASIC, MAS
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.