Job Overview
Category
Business Operations Specialists
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Job Description
Software Guidance & Assistance, Inc., (SGA), is searching for a Derivative and OTC Swap Clearing Operations Specialist for a Contract assignment with one of our premier Financial clients in Jersey City, NJ .
Responsibilities :
Directly interacting with the global client base to manage their margin, cash, and collateral settlements and inquiries
Knowledge of the CFTC regulations, NFA, JAC Margin Handbook and CCP rulebooks for FCM clearing operations of settling margin, collateral, and protection customer collateral regulations with a focus on Part LSOC regulations, specifically mutualization of risk.
Understanding cash wire, securities movements, and related control processes incorporated into the settlement of client and CCP facing margin.
This also includes monitoring account cash and security balances, reconciling bank transactions, pledging cash and securities on various exchanges, notifying clients of margin obligations, executing client funding transaction requests, monitoring accruals and other interest receivables and payments.
Working knowledge of FCM operations involvement in the life cycle of execution and clearing activities that result in the calculation of margin requirements.
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.
Clearly communicates in a group setting, providing a different point of view in a professional manner.
Consistently delivering exceptional client service to internal and external clients Required Skills: Bachelor degree
At least years of experience in the margining of exchange listed products
Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing
Knowledge of regulatory requirements for futures margining with prior experience dealing with both internal and external audit teams
Experience interacting with clients and various lines of business
Experience reconciling separate data points and sources
Microsoft Excel (Vlookup, Pivot tables, formulas, etc.) • Preferred Skills: Some technical specifications knowledge across multiple systems and web interfaces
Microsoft Excel macro knowledge
Understanding of collateral transfers
Knowledge of CCP margin calculations
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