The role is within the Equity OTC Confirmation area, which is part of the broader Equity Derivatives group under the Derivations Operations umbrella
Specific Tasks:
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Generate ISDA compliant confirmations on OTC Equity trade executions
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Research and resolve documentation discrepancies through proactive communication with internal partners (legal, sales, trading) and external counterparties.
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Ensure accuracy and completeness of internal confirmation records versus electronic platforms
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Implement and maintain stringent process controls to mitigate firm and client risk.
Understanding the end to end flow of the process and get into contact with sales and trading, MO and settlement teams on a regular basis to resolve breaks raised by clients
Data mining, business analysis, modeling/reporting, and documentation: preparation and
compilation of daily/weekly/monthly metric dashboards to ensure thorough business analysis
Collaborate with team members of all levels to complete daily tasks, share market and
systems knowledge, create best practice methodologies and approaches for business analysis, issue follow up and escalation
Develop relationships with internal clients (i.e., Traders, Trade Support, Legal, Onshore Drafting Teams) to understand the priorities of stakeholders to ensure that business needs are met, protect client confidentiality and address ad-hoc requests in a timely fashion.
Knowledge of Equities product(Swaps + OTC options) is a must.
Understanding of basic lifecycle of OTC products
Answering detailed queries on specific products including Equity Swaps, OTC Options, Variance Swaps and Exotic Products like Autocalls , Accumulators , Cliquets , Dispersions
The teams responsibilities include:
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Drafting Vanilla & Exotics OTC Derivative trade confirmations
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Timely submission and reconciling of transactions confirmed through electronic platforms including DTCC and SwapsWire.
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Issuing other critical client notifications such as corporate action events
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Liaising with our internal partners to ensure the firm’s regulatory obligations are met
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Miscellaneous adhoc strategic initiatives including project work and metric creation / reporting. Required
Minimum of 8+years Banking Operations or equivalent relevant industry experience with exposure to financial products.
Minimum of 6+ years of previous experience in confirmation drafting roles with exposure to trade life cycles, process flows and reconciliation with proven track record in managing and developing control functions.
Knowledge of derivative products, settlement processes and Drafting systems (thunderhead) is preferable although training will be provided on the job.
Minimum Bachelor or Master’s degree.