OTC Confirmations Analyst Job
OTC Confirmations Analyst (Job Number: 1307002)
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at www.bnymellon.com.
BNY Mellon Asset Servicing is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing the management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
Description
The incumbent is responsible for day-to-day confirmation process of OTC Derivatives including investigation to resolution of confirmation breaks. This includes electronically confirmed trades as well as paper confirmed trades. This will also include Centrally Cleared trades in the near future. The incumbent will be expected to react proactively to confirmation breaks and ensure these are investigated to resolution. The incumbent will be expected to interact with the client and other internal departments. Ensuring all SLAs are met and delivering the agreed service to the client, ensuring that all controls in place are being adhered to and responding to client or internal department queries.
The incumbent should have a broad knowledge of OTC derivative products, the confirmation process for electronically and paper confirmed trades, as well as an understanding of the Central Clearing process for OTCs. The incumbent will be expected to proactively monitor for trades failing to match and investigate to resolution any such trades. As the role involves client contact there is a direct impact on the client relationship as well as the relationship of DSG with other internal departments, in addition to market counterparties.
The incumbent forms part of the OTC team therefore will need good interpersonal skills to work as a team.
Qualifications
A Bachelor's degree in Business, Finance, or Accounting or equivalent work experience in investments or banking is required. A Derivatives background is preferred. Minimum of 3 / 4 years combined experience as a Derivative Operations Specialist ll, and / or Derivatives Operations Liason l, or similar related work experience required, 5 to 6 years preferred. Strong customer service and communication skills are required. A broad knowledge and understanding of OTC derivative products is required. Ability to work in a team environment, or individually, and deal effectively with all levels of staff is essential.
Primary Location: United States-USA-Florida-Orlando
Internal Jobcode: 07686
Job: Asset Servicing
Organization: US Financial Institutions-HR09086
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