Description
We are currently seeking a motivated and driven individual to join LCH Operations in the role of Senior Associate, Clearing Operations, Night Shift located in Manila.
The Clearing Operations team has specific responsibility for undertaking daily operational processes aligned to our SwapClear businesses. The team is also responsible for undertaking processes relating to the daily management of collateral (cash and non-cash) to reduce counterparty credit risk, and supports the processing of front office investment activities, which is predominantly reverse repos.
Responsibilities:
- Investigates and promptly resolves trade registration exceptions ideally within the first two hours of case ownership depending on the complexity of the case.
- Performs operational processes relating to event management, margin runs, backloading cycles and start of day batch in line with the business checklist.
- Completes post trade lifecycle events, such as Give Ups, Portfolio Transfers and Compression services.
- Liaises with business partners to ensure member / client / trade source and exchange queries are resolved promptly, ideally within the first two hours of case ownership depending on the complexity of the case.
- Proactively monitors the performance of the environments and works with IT to facilitate issue resolution.
- Participates in relevant ad-hoc testing and quality gate exercises ahead of technology releases.
- Daily use of Synapse, ALC, Murex, MNP and Clearview.
Other Responsibilities:
- Understand default management processes for clearing services and participate in annual fire drill exercises.
- Work closely with operational teams in other locations to build knowledge and complete daily activities.
- Manage own workload independently, whilst raising any issues or incidents with line management. Ensure internal procedures are followed, correct, reviewed regularly, and kept up to date.
- Production of daily, weekly and ad-hoc MIS for internal and external interested parties.
- Participate in Internal Audit reviews within the department as the need arises.
- Identify self-development areas on an ongoing basis and put in place action plans with line manager.
Requirements:
- Bachelor’s degree in Finance, Accountancy, Mathematics, Economics or any related discipline.
- Exposure of working in an operations role within a financial services or FMI environment.
- Knowledge of collateral / OTC derivatives and / or central clearing processes.
- Good oral and written communication skills.
- Detail orientated with excellent numerical / analytical skills.
- Ability to understand technical complexity of clearing processes.
- Risk and control mindset.
- Strong ability to learn and develop product knowledge.
- Ability to multitask and prioritise.