AVP – Clearing & Margin Operations

Contract: 9 Months

Business Overview:

DEC US Operations provides customer service, risk and funds management, trade processing and reconciliation, client on-boarding, accounting, post trade execution investigation, performance margining, exchange balancing, contract expiration processing including physical delivery, fee maintenance, and regulatory review and rule implementation. These clearing and operational functions require the team to manage communication across clients and multiple lines of business accessing several exchange applications, banking tools, and internal operating systems to support the flow and record of commodity futures, options, and OTC trade execution daily. Our primary focus is to perform our responsibilities is compliant with strict regulatory rules and guidelines while providing superior client services and solutions.

Job Description:

AVP Derivative and OTC Swap Clearing Margin:

• 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 22 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
• Ability to work on all US holidays except Christmas and New Years

Minimum Required Qualifications:

• Bachelor degree
• At least 5 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 Qualifications:
• Some technical specifications knowledge across multiple systems and web interfaces
• Microsoft Excel macro knowledge
• Understanding of collateral transfers
• Knowledge of CCP margin calculations
• Knowledge of CFTC regulations

Preferred Qualifications:

• Some technical specifications knowledge across multiple systems and web interfaces
• Microsoft Excel macro knowledge
• Understanding of collateral transfers
• Knowledge of CCP margin calculations
• Knowledge of CFTC regulations

About US Tech Solutions:

US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit www.ustechsolutions.com

US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Recruiter Details:

Sapna Singh

Email: sapna.s@ustechsolutionsinc.com

Job ID: 25-46665