The OTC Settlements Team is responsible for all aspects of settlement for Foreign Exchange, Commodities, Credit, Interest Rate, and Equity OTC derivatives trades post-booking. The position requires daily interaction with various broker clients globally as well as internal sales and trading desks, other Operations groups, and technology teams. Our mission is to provide business units with cost effective, highly efficient and product agnostic full settlements services, enriching our clients experience and strengthening client relationships.
Primary Responsibilities- Daily communication with clients to agree upcoming cash flows- Investigation and resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups to ensure prompt resolution- Reconciliation and analysis of aged breaks- Client and Business Unit relationship management- Responding to client queries relating to position breaks, corporate action bookings and reporting- Collaborating with Operational management, sales, and trading desks to diminish risk through escalation and strong communication- Acting as a process owner and being accountable for all outstanding items- Developing and improving existing processes and reporting- Working as part of the global settlements team to assist with development, testing & implementation of internal system changes
- Years of experience: 3 years
- Experience level:Experienced
Working hours: 8 AM - 5 PM
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