Derivative Reconciliation Analyst

Derivative Reconciliation Analyst

Company Description

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.

Job Description Summary

We are seeking a Pune, India based Derivative Reconciliation Analyst to join our Derivative Operations department in Global Technology & Operations.

Role Description

The reconciliation analyst will be responsible for the control of derivative trade exposure between our counterparties, custodians and ourselves. They will liaise with both internal and external contacts and escalate to management where appropriate. The reconciliation team works independently from the Front Office and is key to controlling the business, ensuring the highest level of quality is achieved at all times. The candidate is responsible for the reconciliation of day-to-day settlement of payments and receipts related to both standard and complex OTC Derivative activity across Rates, Credit, Equity and FX. Process knowledge and organizational skills are critical for success in this role, as well as a pro-active approach to the position as daily interaction with Front Office personnel and counterparty contacts is expected.

Key job responsibilities include, but are not limited to

• Provide operational support for the Rates, Credit, Equity and FX businesses globally

• Accurate & timely management of workflows

• Acting as a primary support contact to ensure all front office and counterparty requests are handled with satisfaction.

• Liaising with front office, middle office, credit, documentation, and settlements teams to resolve client trade breaks.

• Assist with projects related to improving current processes to raise productivity and efficiency

• Participate in the strategic middle office working group responsible for designing, building and implementing our future middle office model

• Identify Control weaknesses in everyday processes; develop & implement procedures that mitigate associated risks

• Reconciliation of trades between front and back-end trading systems

• Responsible for the reasonable determination of applicable course of action for resolving discrepancies

• Responsible for escalating issues to management, trading, etc. as necessary.

Qualifications, Experience, Education

• Bachelor’s degree in finance, Accounting, Economics, or a related field. MBA is a plus.

• Minimum of 1-3 year of experience in derivatives reconciliation, settlement or collateral operations at a bank or asset management firm.

• Strong understanding of OTC and exchange-traded derivatives products, including futures, options, swaps, and forwards

• Proficiency in reconciliation tools and derivative systems, such as Clareti Transaction Control (CTC), TriResolve and Calypso.

• Experience with Microsoft Office is required. Any experience with VBA, Macros, or advanced Excel formulas is a plus

• Excellent analytical and problem-solving skills, with keen attention to detail.

• Strong communication and interpersonal skills, with the ability to work effectively in a team environment.

• Ability to work in a fast-paced environment and adaptable to change.