Derivatives Trade Analyst
3 days ago
Job Description
We are seeking a meticulous and detail-oriented Senior Derivatives Operation Analyst to join our team. The successful candidate will be responsible for ensuring the accuracy and integrity of trade data, validating trades, and supporting the overall trade lifecycle.
This role is critical in maintaining operational efficiency and compliance with regulatory standards. You will oversee the entire lifecycle from trade date to settlement date, developing expertise in pre-matching and confirmation, trade processing, funding, and settlement monitoring, as well as handling post-settlement activities like fails management and reconciliations.
Responsibilities:
- Deliver daily operational support for the reconciliation and settlement processes of derivative instruments, including initial/variation margin reconciliation and settlement for futures, cleared swaps, and FX (spot and forwards).
- Verify and confirm trade details by comparing our internal system records with counterparty trade recaps to ensure accuracy and completeness.
- Address and resolve trade discrepancies promptly to uphold data integrity.
- Work closely with front office, middle office, and back-office teams to ensure smooth trade processing.
- Track and report on trade validation metrics and performance indicators.
- Ensure trades across various financial instruments are settled accurately and on time.
- Conduct checks on critical settlement information, such as standard settlement instructions.
- Handle pre-settlement and post-settlement investigations and resolve disputes using Markit and signed confirmations, which may involve correcting system setup errors.
- Collaborate with brokers, custodians, and counterparties to address and resolve settlement issues and discrepancies.
- Work closely with the Business Unit and other local and offshore teams to clear and reconcile all breaks, including coordinating with the IT team for any failed or delayed workflows and tasks.
- Assist the Business Unit in preparing and providing monthly and quarterly reports and reconciliations to other internal teams and stakeholders.
- Foster strong relationships with brokers and counterparties by ensuring all service level agreements (SLAs), including daily bank/broker cut-off times, are consistently met.
- Participate in testing process improvements and projects related to Settlements and other Derivative Operations functions.
- Work with the Accounting team to resolve suspense breaks during reconciliation periods and assist the Business Unit in gathering documentation for annual audit requirements.
- Handle internal ad hoc requests from various groups promptly and efficiently.
- Update or create new process documentation for all tasks relevant to the position and maintain an internal database of these documents.
- Suggest enhancements to existing processes to improve the group's efficiency and effectiveness.
- Assist in collecting data for quarterly metrics reports for senior management.
- Complete reporting duties on a daily, weekly, monthly, quarterly, and annual basis in a timely manner.
- Support the Global Derivatives Services team in building capacity and depth to meet the organization's current and future derivative needs.
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