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- LOCATION:NONE
Job Summary
Job Description
- Produce exposure reconciliations for in-scope counterparties according to regulatory guidelines including ageing and reasons for differences
- Track and monitor frequency of required reconciliations based on counterparty trade volumes in compliance with industry regulations
- Partner with IT to reduce systemic risk and increase operational efficiencies in the daily process
- Case Management and reporting of exposure differences in TriResolve and using EUC tools
- Escalating disputes/discrepancies as per Standing Orders and department Operating Procedures
- Liaise with internal stakeholders and counterparties to ensure timely resolution of exposure differences in compliance with regulatory requirements
- Assist in producing management reporting for KPI purposes
- Proactively advise margin teams on potential disputes through the day
- Cross-train as required on additional control functions including CSA onboarding
Must have skills
- 1-2 years' experience in an operations/middle office role ideally with Derivatives and/or reconciliation
- College or University Diploma/degree
- Advanced EXCEL skills
- Attention to detail
- Ability to multi-task while adhering to deadlines
- Strong organisational and time management skills
- Good understanding of the OTC margining workflow under the ISDA-CSA protocols
Nice to have
- Experience with Database queries for reporting
- Familiarity with pricing and valuations of Over the Counter Derivatives and risks associated with collateralisation of these products
- Management Information reporting
- Familiarity with COLLINE, TriResolve, Acadia
- Understanding of regulatory requirements for OTC Derivative reconciliations across regimes in scope for RBC
- Understanding of Over the Counter Derivative trading and settlement process
- Understanding of risks and controls framework as it applies to Capital Markets and the OTC Derivative markets
Job Skills
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nclusion
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