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Ops Analyst MKTS

Chicago, Illinois

Job Description:

Job description: The main function of the Collateral/Margin Operations unit is to mitigate exposure to counterparty risk on OTC derivative trades.  The analyst will be expected to be a team member of the Collateral Operations Unit, which monitors daily margin for customers across various products (Rates, Commodity, Structured Credit, Equity, and Foreign Exchange).  Counterparty net exposure is evaluated each morning in order to determine collateral requirements.

Deliveries and Responsibilities:
The Collateral Unit interacts with a variety of different groups within the bank:
• Back Office/Middle office Operations – stores copies of all confirmations of each transaction and can verify market values and rate for individual trades
• Corporate Treasury/Global Securities Operations – determines collateral allocation and delivery of securities
• Cash/Wire Transfer – send/receives cash collateral
• Marketers/Traders – trade and market derivatives with Financial Institutions and Corporate Customers
• Credit – monitors credit exposure on derivatives
• Capital Markets Documentation – negotiates the collateral agreements

Due to the amount of interaction with our counterparts and other groups, excellent communication skills are necessary. An open flow of communication, specifically relating to new issues or problems, is necessary between team members. The ability to read and interpret a Credit Support Annex is a priority as discrepancies and reconciliations are a regular part of the business.

Aside from daily position monitoring and counterparty contact, the analyst will be required to investigate mark discrepancies, maintain current procedure manuals and look for methods of improving efficiency. Additional responsibility will arise as projects are mastered and time permits. As our landscape is changing with the implementation of Dodd-Frank Act the ability to adapt to change is a must and gives opportunity to learn.

Required Skills:
• A basic understanding of financial markets and derivative products
• A basic understanding of financial markets documentation (ISDA, IFEMA, PSA)
• Strong communication skills
• College degree or related experience
• Basic Excel skills
• Ability to meet deadlines, handle high pressure situations, and juggle multiple tasks
• Detail oriented -specifically the ability to recognize unusual flows/triggers for collateral in agreements and new trade structures

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job description: The main function of the Collateral/Margin Operations unit is to mitigate exposure to counterparty risk on OTC derivative trades.  The analyst will be expected to be a team member of the Collateral Operations Unit, which monitors daily margin for customers across various products (Rates, Commodity, Structured Credit, Equity, and Foreign Exchange).  Counterparty net exposure is evaluated each morning in order to determine collateral requirements.

Deliveries and Responsibilities:
The Collateral Unit interacts with a variety of different groups within the bank:
• Back Office/Middle office Operations – stores copies of all confirmations of each transaction and can verify market values and rate for individual trades
• Corporate Treasury/Global Securities Operations – determines collateral allocation and delivery of securities
• Cash/Wire Transfer – send/receives cash collateral
• Marketers/Traders – trade and market derivatives with Financial Institutions and Corporate Customers
• Credit – monitors credit exposure on derivatives
• Capital Markets Documentation – negotiates the collateral agreements

Due to the amount of interaction with our counterparts and other groups, excellent communication skills are necessary. An open flow of communication, specifically relating to new issues or problems, is necessary between team members. The ability to read and interpret a Credit Support Annex is a priority as discrepancies and reconciliations are a regular part of the business.

Aside from daily position monitoring and counterparty contact, the analyst will be required to investigate mark discrepancies, maintain current procedure manuals and look for methods of improving efficiency. Additional responsibility will arise as projects are mastered and time permits. As our landscape is changing with the implementation of Dodd-Frank Act the ability to adapt to change is a must and gives opportunity to learn.

Required Skills:
• A basic understanding of financial markets and derivative products
• A basic understanding of financial markets documentation (ISDA, IFEMA, PSA)
• Strong communication skills
• College degree or related experience
• Basic Excel skills
• Ability to meet deadlines, handle high pressure situations, and juggle multiple tasks
• Detail oriented -specifically the ability to recognize unusual flows/triggers for collateral in agreements and new trade structures

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22035400

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Autumn Barlow Huitt [C]

Referral Bonus:

0

Street Address

Primary Location:
540 W Madison St, IL, Chicago, 60661