Otc Margin Specialist - Nam Shift

OTC Margin Specialist - NAM Shift

Job Purpose:The OTC Margin and Operations Analyst is responsible for reconciling over-the-counter (OTC) trades and positions, agreeing ISDA, SIMM and REPO margin calls and processing cash settlements on OTC transactions.

Key Responsibilities:
Review and agree to ISDA, SIMM and REPO margin calls and resolve any issues or discrepancies that may arise in the processing of margin calls

Validate and agree payments associated with OTC transactions. Investigate discrepancies and resolve any issues in a timely manner, coordination between counterparts and internal departments.

Reconcile T+1 OTC cash, trade and position data on a daily basis to ensure accuracy and completeness.

Resolve position discrepancies vs executing and clearing brokers

Book wires to instruct payments and receipts of cash to and from counterparts

Monitor non-USD currency balances.

Ensure that all relevant policies and procedures are followed in the processing of margin calls

Requirements:
Undergraduate Degree or above is preferred

Past experience in OTC margin and/or operations teams

Understanding of ISDA/REPO CSA agreements

Knowledge of uncleared margin rules and processes.

Strong attention to detail and ability to work accurately and efficiently under pressure

Proactive desire to improve processes to drive efficiency and reduce risk

Knowledge of OTC products in Rates, FX, Equity and Commodity asset classes

Understanding of swift payment instructions and mechanics

Excellent organizational and communication skills

Ability to work independently and as part of a team

Strong numerical and analytical skills

Strong Excel knowledge (including macros/VBA)

System Knowledge:
Murex/Imagine/Endur

TriResolve

Acadiasoft