OTC Trades Operations Specialist
4 weeks ago
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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