The Derivatives Operation Analyst is responsible for the daily reconciliation and settlement of derivative products executed by Front Office.
Role includes but not limited to core derivatives reconciliation and timely settlement of Swaps, Cleared Swaps, Futures and Collateral Management functions coupled with business report generation and critical ad hoc requests raised by the Business Units supported.
Role and Responsibilities
The Derivatives Operation Analyst is responsible for various reconciliation and settlement process supporting the Global Derivative Services model :
a. Provide daily operations support through reconciliation and settlements process of derivative instruments (but not limited to) :
b. Perform daily confirmation of incoming / outgoing settlement of derivative coupons, IM / VM due on the executed derivative products and their respective portfolios
c. Perform varying levels of reconciliation and investigation from trade level, position, bank, suspense, etc, in accordance to internal standards where issues are escalated / resolved on a timely manner
d. Generate required reports daily, weekly, monthly and quarterly as deemed by the business supported
e. Work within existing procedures and processes ensuring clear and concise documentation is created and maintained as such procedures and processes evolve over time
f. Exercise initiative to assist department management in review and analysis of established procedures and processes, making recommendations to ensure that efficient and flexible service is provided to clients at all times
g. Provide assistance to other team members and management team when required
h. Participate in inter-department cross training to ensure continuity of service
i. Additional duties as assigned
Additional Responsibilities include :
Knowledge / Skills / Competencies / Education :
This Job Description is intended to describe the general nature and level of the work being performed. It is not intended to be a comprehensive list of all responsibilities, duties and skills required for this role.