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Senior Associate, Derivatives Operations & Collateral Management Jobs

Newark, New Jersey
<p>Major Financial Institution is currently seeking a Senior Associate to be responsible for providing operational support to the Fixed Income business for Swaps, Futures, FX, Options, and MBS.</p><p>Responsibilities include trade confirmation, monitoring counterparty exposure, and collateral, supporting initial margin, providing payment oversight, performing position reconciliations, as well as maintaining an open dialogue with Product Support, portfolio managers, and counterparties.</p><p>They also may include:</p> Knowledge of derivative products. Confirmation of trade details against executing and clearing counterparty Monitoring of new trades to ensure receipt of legal confirms from counterparties Research and resolve trade discrepancies Daily reconciliation and instruction for variation margin Daily monitoring of counterparty exposure to support collateral service agreement (CSA) and initial margin requirements Verify, place/respond and instruct upon daily collateral calls. Including substitutions, research and resolution of disputed items. Fails resolution for all settlements (ie. Trade payments, margin, collateral and principal & income) Performing monthly collateral reconciliation for internal system(s) and external business partners Verifying and instruct periodic payments Researching and resolving security data discrepancies Responding to ad-hoc reporting request Assuming ownership for any operational issues that are raised and providing resolution in a manner that is seamless regardless of which operational areas are impacted. Anticipating issues that may adversely affect the operational support of all derivative products and taking action to reduce the risk of occurrences. Providing investment professionals with on-site training and technical assistance on use of existing or future systems. Proactively seeking ways to improve current processes by leveraging the tools available to identify inefficiencies. Cultivating both internal and external relationships to ensure proper service levels are achieved for each fund supported. Communicating operational support changes and initiatives to all impacted areas of Operations and investment professionals. Keeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes. Developing an understanding of the fixed income trading business and sharing knowledge with operations teams in order to increase service levels.<p>Qualifications:</p> Knowledge of derivatives and/or other fixed income products and investment strategies. 2+ years Operations experience. PC skills with strong knowledge of spreadsheets, portfolio management tools and mainframe applications.<p>Salary is up to 65K + 9% bonus + overtime</p><p></p>
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