The candidate would be Part of Derivative Execution and clearing team, working along with the DEC Market Fees Reconciliation and Brokerage team.The role would concentrate To clear and allocate exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.
The role requires a high level of attention to detail, to ensure BNPP SAs external end client fees are validated and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.
Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.Undertake a variety of financial and non-financial tasks in order to help guarantee the companys revenues; handle the processing of incoming payments along with the issuing of necessary paperwork
Responsibilities
Direct Responsibilities
Client experience focus directly interacting with the listed derivative global client base to manage their margin, cash, and collateral settlements and inquiries
Direct communication with CTFC regulators, compliance teams, auditors, FCM community, and global business partners
Extensive knowledge of the CFTC regulations, NFA, and CCP rulebooks for FCM clearing operations of settling margin, collateral, and customer protection regulations
Managing the cash wire, securities movements, and related control processes incorporated into the settlement of client and CCP facing margin
Account balancing of various depositories requiring in depth investigation to resolve related breaks and inquiries
Key risk indicator and statistical capture, recording, and analysis of operational process and staff performance trends
Lead and assist large scale projects to implement processes that comply with necessary changes, growth, and or new regulations and rules
Provides training and instructional demonstration to staff, partners, and clients in regards to the firms margin settlement framework, regulatory requirements and related operational processes
Demonstrates a highly competent working knowledge of FCM operations involvement in the life cycle of execution and clearing activities that result in the calculation margin requirements
Ensure ample familiarity with our escalation procedures and raises issues to the appropriate contacts in a timely manner to ensure all are aware of potential risk while taking ownership of the issue and sees through to resolution
Reviews processes and provides feedback for enhancement with additional responsibility for managing the enhancement for operations and seeing through to completion
Collaborates with Product on projects to improve the client offering and presents the operations point of view on behalf of her team
Technical & Behavioral Competencies
Experience with cash and collateral movements to settle margin calls.
Experience managing and operational processes.
Knowledge of FCM operations responsibilities to CCPs and clients
Extensive knowledge of CFTC regulations with ability to demonstrate controls adhering to compliance in a daily production environment.
Understanding of exchange listed derivatives trading and clearing workflows and related controls to alleviate regulatory risk.
Proficient in SWIFT messaging, custody account management, wire transfers, and account balancing
Experience interacting with exam teams and regulators.
Microsoft Excel (Vlookup, Pivot tables, formals, etc.), Outlook and Power Point
Experience in client and CCP margin settlement calculation and process for listed derivatives markets
5+ years of experience assisting or leading projects requiring regular status reporting and meeting strict deadlines.
5+ years of experience in client services, solutions, or relationship building and management.
Experience giving live demonstrations.
Project management experience specific to establishing best practices, process improvements, and implementation of operational controls.
Experience interacting with outside parties, clients and various lines of business seeking solutions for enhancing control environments.
Experience in global markets trade execution and operational systems
