OTC Clearing Analyst recruitment
Description:
In the wake of the market dislocations in 2008 and into 2009, the OTC Derivatives Industry will be undergoing significant transformation. Particularly challenging will be the requirement to clear trades through Central Counterparties (CCP's), or Clearing Houses. Derivatives Clearing Members (DCM's) will facilitate the clearing processes, for their customers and for dealer affiliates.
The DCM Analyst will be responsible for testing the back office infrastructure for reporting and operational processes. Responsibilities also include contributing to specifications and design, support of tactical processes while technology is in development, and training Ops Teams in Global Futures and Derivatives Clearing Services (GFDCS) as functionality/processes are rolled out.
Prospective candidates will be expected to reconcile complex cleared OTC products against BAMLs back office systems. This requires significant attention to detail with the ability to problem solve in a dynamic environment. Flexibility, resourcefulness, and the ability to work independently are also critical traits.
This role also requires interaction with several internal and external areas, including Back and Middle Office Operations, Credit Risk, Treasury Operations, Marketers, Clearing Houses, and Client Services. Due to the amount of interaction, excellent communication skills are necessary. An open flow of communication regarding any exceptions, issues, or problems is critical between team members.
Required Skills:
- Excellent communication skills
- Strong analytical skills and an understanding of financial markets and derivative products
Desired Skills:
-Experience in Margin Processes for OTC Derivatives and/or Futures.
- Back Office Systems experience in GMI a plus
- Strong organizational skills, ability to meet deadlines, multi-task, and work under pressure
- Proficient in Microsoft Office/Excel