Role Overview

The Senior Associate within the OTC trade processing team in Global Process Delivery, focusses on ensuring the accuracy of the OTC trades and valuation. The role involves interaction with various units locally and overseas. The Senior Associate should possess the ability to learn new skills, embrace change and communicate effectively. Effective communication, Accuracy, timeliness and delivery of client service are imperative in this position.

The candidate is expected to be flexible with shifts.

Responsibilities & Tasks Include

Carry out basic and complex trade processing and valuation functions in accordance with established procedures.
Processing Trades sent by clients to OTC Hub and MCH
Reviewing/auditting trades processed by other team members to ensure accuracy
Ensure OTC valuation team receives proper information to value OTC positions
Ensuring compliance with standard operating procedures and write new procedures where required
Train new employees until they are prepared to handle function without oversight
Respond to internal queries from Accounting or Client Service teams
Respond to reconciliation breaks from internal recon teams regarding cash or position breaks
Resolution of queries with internal teams, clients, vendors, counterparties etc.
Answer and handle complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.
Work closely with inter-departmental contacts to ensure that the required deliverables are delivered with high quality
Identify risk issues, breaches and act in accordance with the risk escalation chain and operating procedures
Resolution of queries with internal teams, clients, vendors, counterparties etc.
Be accountable for assigned tasks and deadline.
Work closely with the Team Leader and bring issues that require management attention on a timely manner
Support the business to offer great quality client service and ensure that the assigned deliverables are planned and delivered efficiently
Be accountable for assigned tasks and deadline for self and for the team
Quality control - Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed
Documentation – Be able to review and correct the process documentation such as process flows, Standard Operating procedures (SOPs) and coach the team
Understand the end to end process and be able to seek support to clear out inter process upstream / downstream dependencies. Suggest process improvements and be able to seek support to drive projects to create efficiencies / enhance controls
Understand the client requirements and guide the team towards efficiently managing its deliverables

Job Requirements

Education and Experience

Bachelor degree or above
3+ Experience in financial services and/or a back-office operations environment.
Derivatives trade processing related experience is a must
Strong MS Office skills would be an added advantage
Flexibility with shifts

Skills/ Knowledge

Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.
Advanced working knowledge of accounting fundamentals with respect to the workability of various financial instruments, especially derivatives
Expert knowledge of Internal Systems, MS office (excel, word) and good working knowledge of MS PowerPoint. Knowledge of database management systems MS access / Visual basic/ Macros would be an added advantage
Strong mathematical and analytical skills essential
Data & Analysis - Posesses strong attention to detail. Demonstrate good analytical skills in resolving the team issues and facilitates decision making
Knowledge of derivative instruments (OTC in specific) is a must
Highly organised
Ability to work under pressure and to tight deadlines
Excellent attention to detail
Ability to meet deadlines and possess strong problem solving and resolution skills.
Detailed oriented individual capable of performing in a high pace environment
Ability to work independently as well as a team player
Good understanding of financial services and investment products.
Strong attention to detail and a focus on service.
Strong PC skills, specifically Excel skills (Intermediate)
Strong written and verbal communication skills
Ability to prioritize multiple responsibilities to meet internal and industry deadlines.
Strong problem resolution skills
Ability to work well in a fast paced, high volume atmosphere
Should possess good time management skills

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Job ID: R-798272

Derivatives - Senior Associate