Derivative Product Processing Analyst recruitment
With the anticipated increase in OTC Cleared business within 2012 and beyond, VTB Capital are seeking an experienced individual within OTC Cleared Markets to join the team to assist the Derivative Operations Manager in building up the infrastructure required to support this business. This will include the introduction of new processes emanating from the changing OTC landscape.
Principal Accountabilities:
- Assist with the Product support, Settlements, Payments and Reconciliation, including the flow of payments through prime nostros.
- Work with the Derivative Operations Manager, traders and support representatives to implement workflows and controls around OTC Cleared Derivatives, service levels and processes. Making proposal for change where appropriate.
- Engaging with the New Product Implementation team to test any new OTC Cleared Derivative products and facilitating its introduction into the line in the most efficient and acceptable manner
- Clearing exceptions arising from daily derivative processing, both OTC and exchange traded.
- Settlement and Payment affirmation and execution
- Assisting corporate actions department in relation to OTC Cleared and Exchange traded derivatives.
- Reconciliation processes for transactions and investigation and resolution of reconciliation breaks on Nostros, Depots and Clearing Broker accounts.
- Ensuring Service Level Matrices are kept relevant and resulting Key Performance Indicators are completed on a daily basis.
- Working with Manager, Third Party Clearers, CCP’s to ensure the introduction of Centrally cleared OTC Derivative contracts to VTB Capital are done so efficiently, with the necessary procedures and controls in place, reducing operation risk where possible.
Key Competencies and Qualifications:
- Highly experienced in an investment banking, operational environment. Knowledge of OTC Cleared Derivative markets essential, with knowledge of Exchange Traded Derivatives beneficial.
- Sound knowledge of all related settlement swift message types including MT 1xx, 2xx and 5xx series.
- Understanding of corporate actions and their effect upon OTC and Exchange traded derivatives.
- An understanding of operational workflow, controls and procedural requirements across OTC Cleared Derivative Markets and businesses.
- Knowledge of LCH Swap Clear market, procedures and controls a benefit.
- Excellent problem solving, decision making, team communication skills
- Fast learner, adaptable, accurate and resourceful with the ability to work under pressure.
- Good knowledge of Calypso and the configuration required to manage the transaction lifecycle of various OTC product groups (not essential)
- Achieve delivery targets for multiple tasks that have conflicting timeframes.
- Aid in the development of new Service Level Matrices and Procedures for the enhanced OTC Clearing processes ensuring this is “fit for purpose” and accurate at all times.
February 8, 2012
• Tags: Derivative Product Processing Analyst recruitment, Operations careers in the UK • Posted in: Financial