OTC Derivatives Controls Analyst

The OTC Derivatives Controls Analyst will be responsible for assisting in investigating OTC uncleared derivative trades valuation difference and resolving margin disputes.

Responsibilities:

• Produce, analyze and investigate exposure reconciliations for in-scope counterparties according to regulatory guidelines including aging and reasons for differences
• Track and monitor frequency of required reconciliations based on counterparty trade volumes in compliance with industry regulations
• Partner with IT to reduce systemic risk and increase operational efficiencies in the daily process
• Case Management and reporting of exposure differences in TriResolve and using EUC tools
• Escalating disputes/discrepancies as per Standing Orders and department Operating Procedures
• Liaise with internal stakeholders and counterparties to ensure timely resolution of exposure differences in compliance with regulatory requirements
• Assist in producing management reporting for KPI purposes
• Proactively advise margin teams on potential disputes through the day
• Cross-train as required on additional control functions including CSA onboarding

Requirements:

• Experience in a capital market client facing operations or middle office role preferably with OTC derivatives and/or reconciliation
• Good understanding of OTC derivatives and margining workflow under the ISDA-CSA protocols
• College or University Diploma/degree
• Advanced skills in MS Excel
• Attention to details
• Ability to multi-task while adhering to deadlines
• Strong organisational and time management skills

Nice-to-have:

• Experience with utilization of AI agents and AI tools in working environment
• Experience with maintaining Excel macros or equivalent scripts
• Experience with programming languages and data query (e.g. VBA, Python, SQL)
• Experience with management information reporting
• Familiarity with pricing and valuations of OTC derivatives and risks associated with collateralisation of these products
• Familiarity with collateral systems e.g. COLLINE, TriResolve, Acadia
• Familiarity with ISDA CSA documents and terminologies
• Understanding of regulatory requirements for OTC derivatives reconciliations across regimes in scope for RBC, and ISDA protocols for OTC derivatives uncleared margin best practices
• Understanding of OTC derivative trading, lifecycle events and settlement
• Understanding of risks and controls framework applied to Capital Markets and the OTC derivative markets

Benefits:

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options