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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

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nclusion

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