What are the responsibilities and job description for the Trade Support Specialist position at Confidential?
Corporate Title – AVP Derivative and OTC Swap Clearing Margin Operations
Metier-Business Area
Location: Jersey City, Hybrid
Business Overview:
This area 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.
Candidate Success Factors:
Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Teamwork
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
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
Salary : $70 - $90
