OTC Margin Specialist - NAM Shift

Job Purpose: The OTC Margin and Operations Analyst is responsible for reconciling over-the-counter (OTC) trades and positions, agreeing ISDA, SIMM and REPO margin calls and processing cash settlements on OTC transactions.

Key Responsibilities:

• Review and agree to ISDA, SIMM and REPO margin calls and resolve any issues or discrepancies that may arise in the processing of margin calls

• Validate and agree payments associated with OTC transactions. Investigate discrepancies and resolve any issues in a timely manner, coordination between counterparts and internal departments.

• Reconcile T+1 OTC cash, trade and position data on a daily basis to ensure accuracy and completeness.

• Resolve position discrepancies vs executing and clearing brokers

• Book wires to instruct payments and receipts of cash to and from counterparts

• Monitor non-USD currency balances.

• Ensure that all relevant policies and procedures are followed in the processing of margin calls

Requirements:

• Undergraduate Degree or above is preferred 

• Past experience in OTC margin and/or operations teams

• Understanding of ISDA/REPO CSA agreements

• Knowledge of uncleared margin rules and processes.

• Strong attention to detail and ability to work accurately and efficiently under pressure

• Proactive desire to improve processes to drive efficiency and reduce risk

• Knowledge of OTC products in Rates, FX, Equity and Commodity asset classes

• Understanding of swift payment instructions and mechanics

• Excellent organizational and communication skills

• Ability to work independently and as part of a team

• Strong numerical and analytical skills

• Strong Excel knowledge (including macros/VBA)

System Knowledge:

• Murex/Imagine/Endur

• TriResolve

• Acadiasoft