OTC Ops Analyst Collateral New Business is looking to recruit an individual who has previously worked in a Collateral / Operations role and has an understanding of the end to end operational flows for OTC derivatives.
Responsibilities include working on daily processes, margin management support, and efforts to improve efficiencies and streamline systemic solutions of information from our documentation system to our collateral system. Hire will have regular interaction with internal customers, the Front Office, Legal Negotiators, Credit Risk, Management and Project Managers tasked with managing the Collateral system enhancements and transition.
Collateral New Business interacts with various groups within the Bank: Margin Management, Corporate Treasury/ Global Securities Operations, Credit, Negotiators/Legal, Regulatory Reporting, Compliance,
Daily management of various data integrity checks and adjustments on legal documentation.
Work with our business partners and other Collateral Management teams on client specific support required.
Drive improvements in data feed accuracy. Push for STP processes.
Develop full E2E understanding of collateral management, proactively action and resolve queries and escalate potential risks.
Review and update all procedures, ensure we are audit safe as a group and maintain the highest standards.
Maintain current with industry developments, build an understanding of how events impact New Business daily process flows.
Support the development of key metrics related to New Business.
Support any new controls, reporting and processes that need to be put in place to support the new Regulations, like Dodd Frank and the Uncleared Margin Rules, Brexit
Experience in a Collateral or Operations environment
Intermediate PC skills including Excel, Power Point and Word
OTC Derivatives product knowledge
Understanding of financial markets documentations (ISDA, CSA)
Strong communication skills
Ability to multi-task
Innovative and confident self starter able to challenge existing process and streamline to yield efficiencies in a complex environment
Detailed understanding of commercial, legal, financial and operational aspects of collateral management
Strong Team player and enthusiastic work ethic
Flexible approach to changing business requirements and evolution of role and requirements
Knowledge of the various Regulations
Posting Date: 08/20/2018
Location: Chicago, IL, 540 W MADISON ST (IL4540), - United States
Full / Part-time: Full time
Hours Per Week: 40
Shift: 1st shift
Bank Of America Corporation