OTC Derivative Administrator recruitment

Opportunity
The successful candidate will have the opportunity of working within a small dedicated team of Derivative specialists responsible for all post execution activities for OTC products.

Key responsibilities
The key responsibilities for this role are the settlement, processing and on going operational management of MAGIM's OTC Derivative transactions on behalf of a variety of clients,

The individual will be responsible for:

OTC Trades trade flow to include :

*Affirmation of new trades and confirmation of upfront and term payments with Counterparties.
*Input of confirmed payment instructions to custodians
*Monitoring of DTCC to ensure that Credit trades are matched. Additional monitoring for Credit Events
*MarkitTM and Markitwire monitoring for confirmations
*Input of trades to Life Cycle Management system
*Reconciliation of payments / receipts
*Processing of CDS Rolls and OTC Resets
*Credit Event processing
*Collateral Management and dispute resolution
*OTC Reconciliation
*To assist with Ad-hoc queries

What we are looking for

Essential
*Experience in similar role(s)
*Working knowledge of all OTC's (including but not restricted to Credit, IRS, Cross Currency, Inflation and TRS)
*Working knowledge of life cycle management, collateral management, and portfolio reconciliations
*Working knowledge of Markit Trade Manager and Markitwire
*Working knowledge of DTCC
*High level of accuracy and attention to detail
*Ability to work to strict deadlines and work well under pressure
*An effective team worker
*Good communication skills, both written and verbal, and able to liaise effectively with personnel at all levels.
*Good planning and organising skills
*A professional manner
*IMC/IOC qualified (or willing to learn)

Desirable
*Working knowledge of Summit
*Working knowledge of TriOptima Output Report and
*A knowledge of ISDA and CSA agreements in a practical sense for collateral management purposes

MG is an equal opportunities employer and welcomes applications from a diverse background.