Operations & Distribution

Operations Analyst (OTC)

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The role will support the OTC Derivative trade support team. The team is responsible for all the aspects of operational processing from Trade Capture, Affirmation, Trade Messaging, Settlements and Legal Confirmation.

Job Code: 04152016
Pay Rate: up to £ 35000

Job Description:

  • Review our trades in OMS and work with execution desk to ensure all trades are captured within the regulatory timeframe
  • Liaise with counterparties and trade support /Middle Office to resolve any unmatched trade issues
  • Ensure all trades booked are processed and live in the accounting system
  • Where applicable, work with 3rd party vendor platforms to ensure electronic matching is achieved within regulatory timeframe
  • Work on exceptions basis to ensure all relevant OTC trades mismatched are corrected on trade date where possible
  • Manage the relationship with the custodians/administrators/prime brokers/MBO providers to ensure they are delivering the expected level of service and to resolve any queries in a timely manner
  • Monitor the OTC support inbox and address all queries regarding trade queries
  • Ensure the relevant OTC swap transactions are compliant with the new Central Clearing regulations (CCP) under both Dodd Frank and EMIR
  • Act as the first point of contact for resolution of issues from variety of clients
  • Be able to resolve a wide variety of market specific queries
  • Work with external counterparts to utilize online confirmation platforms where available, and ensure procedures are followed
  • Liaise with the Middle Office team for specific trade flow issues
  • Monitor and address any queries regarding missing or unidentified cash movements on a daily basis
  • Monitor the OTC inbox and either answer  any unanswered trade queries or direct them to the correct member of the team
  • Work with the Collateral Management team on Initial and Variation margin queries as required
  • Offer assistance to other team members where required and applicable
  • Make yourself available for adhoc project work, UAT testing, system enhancement and upgrades, BCP testing
  • Be open to taking on any adhoc tasks assigned to you by colleagues and management

Preferred Skills: