Job Description Title

OTC Structured Products, Middle Office Asset Servicing, HFS

Job Function

Operations/Securities

Full-time/Part-time

Full-time

Exempt/Non-Exempt

Exempt

Regular/Temporary

Regular

Job Description

Responsible for the verification, settlement, life cycle event processing, and break resolution related to all client OTC cash flows.
Responsible for the completion of requested amendments related to all client OTC trade bookings.

Knowledge/Skills

Excellent oral and written communication skills are required
In-depth Functional / Industry Knowledge is required
Understanding of the various transaction types within each asset class beyond 'vanilla' trades is preferred (e.g. for IRS understanding of caps, floors, swaptions, etc. and for CDS understanding of tranches, recovery swaps, ABS/X, etc.)
Understanding of established guidelines and documents published by ISDA is helpful
Proficiency with DTCC Deriv/SERV, SwapsWire, or TriResolve platforms preferred

Major Duties

1. Highly analytical in the affirmation of OTC trades from prior trade date.

2. Comfortable in data mining large spreadsheets to be able to spot issues or trends

3. Ensures accuracy of transaction agreements and modifications.

4. Assists swap confirmation team in covering all OTC products such as total return swaps, equity options, structured equity products, convertible bond options, credit defaults and fixed income products.

5. Manages the settlement of swap cash flows associated with OTC products, including unwinds, quarterly fees, resets, and premiums

6. Assists in proper operational reflection of OTC trades

7. Assist in developing and implementing projects and software which promote automation and efficiency as well as work with IT in the development/enhancement of trade entry.

8. Efficiently identifies and resolves transaction discrepancies between firm and swap counterparties.

9. Processes all aspects of periodic resets for IRS, CDS, and TRS products.

Experience

Bachelors degree preferred
3+ years experience in OTC structured and derivatives products preferred

Experience

Bachelors degree preferred
3+ years experience in OTC structured and derivatives products preferred

Additional Information