Interest Rate Derivatives - Settlements

Analyst Job responsibilities :

Hours to be worked - US Shift

Overall Job Purpose

Derivative Post Trade Services is a cross-asset class function responsible for ensuring that all Interest Rate, Credit, Equity, Commodity and Foreign Exchange Derivatives are controlled and settled in an efficient and cost effective manner. The department supports a broad range of operational services across the OTC trade lifecycle including lifecycle management, affirmation, confirmation, nostro and brokerage reconciliation as well as strategic product support.

The department is proactive in implementing state of the art systems and procedures to support our OTC Derivative business in London, North America and Asia Pacific. We are considered industry leaders and continually look for ways to implement efficiencies, reduce risk to the firm and enhance the experience of our clients.

Main Function:

Develop and manage operational relationships with our clients through pro-active reconciliation of pre and post-settlement Interest Rate Derivative cash flows.

- Pre-confirm Interest Rate Derivative settlements with internal and external counterparties

- Source and request for SSI setup / amend of clients

- Perform matching of statements against ledgers

- Investigate Interest Rate Derivative Nostro breaks where ledgers/statements are unmatched

- Degree Educated with 2 years experience in an OTC Derivatives environment. Extensive knowledge of derivative products within remit and the processes in the Confirmations and/or Settlements area.

Sr Analyst Job responsibilities :

Hours to be worked - US Shift

Overall Job Purpose

Derivative Post Trade Services is a cross-asset class function responsible for ensuring that all Interest Rate, Credit, Equity, Commodity and Foreign Exchange Derivatives are controlled and settled in an efficient and cost effective manner. The department supports a broad range of operational services across the OTC trade lifecycle including lifecycle management, affirmation, confirmation, nostro and brokerage reconciliation as well as strategic product support.

The department is proactive in implementing state of the art systems and procedures to support our OTC Derivative business in London, North America and Asia Pacific. We are considered industry leaders and continually look for ways to implement efficiencies, reduce risk to the firm and enhance the experience of our clients.

Main Function:

Develop and manage operational relationships with our clients through pro-active reconciliation of pre and post-settlement Interest Rate Derivative cash flows.

- Assist the AVP in the running of the daily BAU functions, including:

- Acting as the escalation point for B3

- Conducting training with junior members of staff and new joiners

- Taking the lead in UAT for departmental initiatives and projects and proactively suggest system enhancements to improve team efficiency

- Pre-confirm Interest Rate Derivative settlements with internal and external counterparties

- Source and request for SSI setup / amend of clients

- Perform matching of statements against ledgers

- Investigate Interest Rate Derivative Nostro breaks where ledgers/statements are unmatched

- Degree educated with 3-5 years experience in an OTC Derivatives environment.

- Extensive technical knowledge of the derivative products within remit

- Strong understanding of the end-to-end processes in the Confirmations and/or Settlements area

If keen, please share your profile at neha.malik@mastermindnetwork.co.in

Neha