Securities Operations Specialist - Derivatives
Individual will be responsible for all duties associated with processing swap transactions
Responsible for ETD and OTC trades processing. Making sure trades are confirmed and processed in relevant Operationssystems accurately and timely
Responsible for OTC trade confirmation in both electronic (DTCC, MarkitServ) and paper:
Validate the terms on the confirmation against the term sheet
Submit/upload trades details for trade confirmation and matching
Liaise with swap counter party documentation on executed confirmations
Monitor and follow up with missing trade/assignment/termination confirmations
Responsible for all ETD confirmations using in house Electronic Trade Confirmation Systems
Calculate and confirm swap related payments with counterparties
Ensure trades are successfully communicated with custodians via either fax or FpML
Monitor and process reset for Total Return Swaps.
Calculate, monitor and manage associated daily collateral flows across all derivatives
Maintain swap account information
Responsible to manage collateral movements with counterparties, including instruction and settlements
Reconciliation swap collateral with counter parties and posting collateral interest
Assist with audit request documentations
Participate in other special projects as assigned.
Detailed knowledge in derivatives
Experience of derivative confirmations, settlements and other operational aspects of derivatives.
Excellent communication and interpersonal skills
Strong computer skills and a good working knowledge of Microsoft Excel
Strong analytical and problem solving skills
Three plus years of related experience
Academic Qualifications (minimum requirements):
Undergraduate degree in related field. Experience may offset academic requirements.
How to Apply