OTC Trades Operations Specialist

4 weeks ago


Charlotte, United States Strategic Staffing Solutions Full time

S3/Strategic Staffing Solutions has a OTC Trades Operations Specialist opportunity with a leading Financial Services client in Charlotte, NC. This is an on site position. Please read further if you are interested in joining a leading organization


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Location: Charlotte, NC - On Site

Duration: 12 months + possible extension

Pay Rate: $30-33/hr. W2

Qualifications & Description:


This team is tasked with documenting derivative trades in all asset classes.

TOP SKILLS

  • Intermediate skills in Microsoft Office Excel
  • Strong knowledge and understanding of derivative products and with drafting OTC Confirmation experience required (or similar)

SOFT SKILLS

  • Must be detail oriented
  • Excellent verbal, written, and interpersonal communication skills
  • Effective organizational, multi-tasking, and prioritizing skills
  • Ability to work in a fast-paced deadline driven environment

NICE TO HAVE

  • Derivatives Confirmation processing
  • Capital Markets Operations experience
  • Knowledge of OTC Derivatives or ISDA

EXPERIENCE

  • Finance experience, or banking is a plus
  • Other trading houses (i.e. Vanguard)


DUTIES

  • Principally responsible for drafting and verifying the accuracy and completeness of confirmations for a variety of products and business lines, including commodity derivatives, credit derivatives, equity derivatives, rates derivatives, and foreign exchange
  • Responsible for minimizing financial losses by identifying and resolving trade capture errors, reconciling trade activity between system of record and any trade-related documentation, and ensuring all economic terms and necessary protective and fallback clauses are confirmed
  • Serve as liaison with all lines of business, internal legal and compliance departments in the development or revision of confirmation templates in compliance with existing and future regulatory requirements
  • Responsible for supporting complex U.S. securities or over-the-counter (OTC) derivatives transactions
  • Continue to be aware of and aid the team’s compliance with regulatory, tax-related, and asset class-specific market developments by, among other activities, attending and participating in internal and ISDA-organized working groups
  • Regularly seek opportunities to improve processes, controls, and procedures to improve efficiencies, deepen the team’s understanding of products, and mitigate risk
  • • Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing.


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