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29 AB Global Jobs
Derivative Reconciliation Analyst
AB Global
posted 7d ago
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Key skills for the job
Job Description
We are seeking a Pune, India based Derivative Reconciliation Analyst to join our Derivative Operations department in Global Technology & Operations.
Role Description
The reconciliation analyst will be responsible for the control of derivative trade exposure between our counterparties, custodians and ourselves. They will liaise with both internal and external contacts and escalate to management where appropriate. The reconciliation team works independently from the Front Office and is key to the control of the business, ensuring the highest level of quality is achieved at all times.
The candidate is responsible for the reconciliation of day-to-day settlement of payments and receipts related to both standard and complex OTC Derivative activity across Rates, Credit, Equity and FX. Process knowledge and organizational skills are critical for success in this role, as well as a pro-active approach to the position as daily interaction with Front Office personnel and counterparty contacts is expected.
Key job responsibilities include, but are not limited to
- Provide operational support for the Rates, Credit, Equity and FX businesses globally
- Accurate & timely management of workflows
- Acting as a primary support contact to ensure all front office and counterparty requests are handled with satisfaction.
- Liaising with front office, middle office, credit, documentation, and settlements teams to resolve client trade breaks.
- Assist with projects related to improving current processes to raise productivity and efficiency.
- Participate in the strategic middle office working group responsible for designing, building and implementing our future middle office model
- Identify Control weaknesses in everyday processes; develop & implement procedures that mitigate associated risks.
- Reconciliation of trades between front and back-end trading systems
- Responsible for the reasonable determination of applicable course of action for resolving discrepancies
- Responsible for escalating issues to management, trading, etc. as necessary
Qualifications, Experience, Education
Bachelor s degree in finance, Accounting, Economics, or a related field. MBA is a plus.
Minimum of 1-3 year of experience in derivatives reconciliation, settlement or collateral operations at a bank or asset management firm.
Strong understanding of OTC and exchange-traded derivatives products, including futures, options, swaps, and forwards.
Proficiency in reconciliation tools and derivative systems, such as Clareti Transaction Control (CTC), TriResolve and Calypso.
Experience with Microsoft Office is required. Any experience with VBA, Macros, or advanced Excel formulas is a plus.
Excellent analytical and problem-solving skills, with a keen attention to detail.
Strong communication and interpersonal skills, with the ability to work effectively in a team environment.
Ability to work in a fast-paced environment and adaptable to change.
Employment Type: Full Time, Permanent
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