Derivatives Operation Analyst

Position Responsibilities Handle processes for listed derivatives mainly covering settlements. Responsible for trade date to settlement date processes; should be able to develop expertise on the process over time (pre-matching and confirmation, trade processing, cash transfer, instruction routing, funding, and settlement monitoring) and post-settlement date processes (fails management and reconciliations). Support interfaces with different internal and external stakeholders (front office, clients, brokers, Nostro agents, exchanges and clearing houses) involved in the settlement process chain, according to the market standards. Engage with Asia and North Am-domiciled clients and external counterparties daily and handle settlement related queries. Assist lead in monitoring daily completion of tasks and propose/drive changes via process improvements or digitalization to ensure to help meet operational targets. Work with onshore stakeholders and other internal teams to resolve issues encountered relating to settlement process, systems, etc. Provide daily operations support through reconciliation and settlements process of derivative instruments. ie. Initial/Variation Margin Reconciliation and Settlement of Futures, Cleared Swaps and FX (spot, forwards). Validate and confirm trade details between our internal system and counterparty trade recaps to ensure accuracy and completeness. Reconcile trade discrepancies and resolve issues promptly to maintain data integrity. Collaborate with front office, middle office, and back-office teams to ensure seamless trade processing. Ensure the accurate and timely settlement of trades across various financial instruments. Performs checks on some information that are vital to settlement. (ie. standard settlement instructions). Responsible for pre-settlement and post-settlement investigations and dispute resolutions using Markit and Signed Confirmations. Resolution may include amendment of possible system set-up errors. Coordinate with brokers, custodians, and counterparties to resolve settlement issues and discrepancies. Works closely with the Business Unit and the other local and offshore teams to ensure all breaks are cleared and reconciled. This also involves communication with IT team for failed/delayed workflows and tasks. Assists the Business Unit in performing and providing monthly and quarterly reports and reconciliations provided to the other internal teams and stakeholders. Maintains a good relationship with the brokers and counterparties by making sure all SLA’s (daily bank/broker cut-offs) are met. Assists in testing process improvements and projects involving Settlements and other Derivative Operations functions. Coordinates with the Accounting team in the resolution of suspense breaks for the periods covered in the reconciliation and assists the Business unit in collating supports and files for the yearly audit requirements. Process internal ad hoc requests from various groups in a timely and efficient manner. Update or create new process documents for all tasks relevant to the position and maintain internal database of all process documents. Propose improvements to current processes that will increase the efficiency and effectiveness of the group. Contribute to the gathering of data for quarterly metrics reporting to senior management. Complete daily, weekly, monthly, quarterly, and year-end reporting duties in a timely manner. Contribute to the capacity and depth of Global Derivatives Services in order to respond to the organization’s current and future derivative demands. Required Qualifications College / University graduate (preferably Math, Business, Finance or related fields) with minimum 2 to 3 years' work experience in Banking, Finance and/or Investments field. Basic knowledge of financial markets and the language and terminology used in Investment Management. Hybrid Work Arrangement: Amenability and readiness to work onsite and from home anytime (dependent on business need AND/OR current external environment/situation) and must be willing to work on a night shift schedule. Preferred Qualifications Possesses an understanding of the post trade process including trade allocation, matching, confirmation, and reconciliation for financial products. Familiarity with MS Office suite and knowledgeable of MS office. Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities. Demonstrated ability to work in an environment where procedures and controls are required. Strong computer skills, with ability to learn and easily adapt to new application. High level of accuracy, and ability to analyze complex trade data and identify discrepancies. Proactively identify issues and develop solutions. Client focused with the ability to understand the requirements of clients. Must have the ability to create and maintain strong relationships with people at all levels and different functions throughout the organization and with external partners. Quick learner and solutions oriented, ability to elevate issues to management. Ability to react quickly and meet tight deadlines maintaining accuracy and thoroughness. Excellent English skills, both oral and written, with strong comprehension skills to effectively communicate with internal and external stakeholders. Demonstrate initiative and team player. Ability to adapt to changes, and set priorities. When you join our team We’ll empower you to learn and grow the career you want. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. As part of our global team, we’ll support you in shaping the future you want to see. #J-18808-Ljbffr