What are the responsibilities and job description for the Associate – Program Compliance and Middle Office position at Guggenheim Partners?
Job Description
Position Summary
Guggenheim Treasury Services (GTS), a structured financing business within Guggenheim Partners, is seeking an exceptional operations and risk focused individual to join its Program Compliance team as an Associate. The Program Compliance team is a highly collaborative middle office group that oversees and manages key aspects of the GTS business. This person will be involved in all aspects of the OTC derivatives collateral process, including margin requirement calculations, margin call issuance and response, portfolio reconciliation, trade acknowledgements, trade reporting, and internal reporting.
The ideal candidate will have strong analytical skills, will be detail oriented, and will demonstrate an ability to perform in a fast-paced, dynamic environment. The successful candidate will also have experience with fixed income markets and ideally will be familiar with the asset-backed commercial paper (ABCP) space. Additionally, the ideal candidate will demonstrate an ability to effectively communicate in a timely manner with peers, heads of related groups in the GTS business and external clients.
The Associate – Program Compliance and Middle Office role presents an opportunity for entry and growth within one of the initial business lines (Institutional Finance) of Guggenheim Partners, LLC. This well established and highly recognized manager of ABCP programs has been part of Guggenheim Partners, LLC since its inception in 2000.
This position can be in either our Chicago office or New York City office and will report on-site 3-4 days per week.
Essential Job Functions
About Us
Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.
Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs."
Position Summary
Guggenheim Treasury Services (GTS), a structured financing business within Guggenheim Partners, is seeking an exceptional operations and risk focused individual to join its Program Compliance team as an Associate. The Program Compliance team is a highly collaborative middle office group that oversees and manages key aspects of the GTS business. This person will be involved in all aspects of the OTC derivatives collateral process, including margin requirement calculations, margin call issuance and response, portfolio reconciliation, trade acknowledgements, trade reporting, and internal reporting.
The ideal candidate will have strong analytical skills, will be detail oriented, and will demonstrate an ability to perform in a fast-paced, dynamic environment. The successful candidate will also have experience with fixed income markets and ideally will be familiar with the asset-backed commercial paper (ABCP) space. Additionally, the ideal candidate will demonstrate an ability to effectively communicate in a timely manner with peers, heads of related groups in the GTS business and external clients.
The Associate – Program Compliance and Middle Office role presents an opportunity for entry and growth within one of the initial business lines (Institutional Finance) of Guggenheim Partners, LLC. This well established and highly recognized manager of ABCP programs has been part of Guggenheim Partners, LLC since its inception in 2000.
This position can be in either our Chicago office or New York City office and will report on-site 3-4 days per week.
Essential Job Functions
- Calculate variation margin and initial margin amounts
- Monitor collateral balances and movements to make collateral deadlines throughout the day
- Verify collateral has been posted and collected
- Research and investigate discrepancies between internal and independent prices above an approved threshold / tolerance
- Issue IM and VM calls to counterparties via the designated collateral management system
- Review and respond to any incoming margin calls
- Approve collateral movements
- Review, validate, and approve wires
- Research and reconcile portfolio reconciliation discrepancies and raise any discrepancies internally and notify counterparty
- Review portfolio reconciliation reports from external counterparties
- Send trade acknowledgement follow-up emails for trade verification purposes
- Review trade acknowledgements, check trades, and raise any discrepancies internally and notify counterparty
- Review trade reporting data for accuracy and completeness
- Strong analytical skills, including ability to review and create detailed reporting from databases and other sources
- Excellent written and oral communication skills with peers, superiors and external parties
- Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
- Proactive & solutions-oriented proven background
- Ability to adapt quickly and appropriately in accordance with the constant evolution of the company and industry
- Must be able to multi-task in a fast-paced environment
- Responsive to client needs
- Completed bachelor’s degree with a minimum of 3 years’ experience in financial services.
- Strong excel skills required
- Willing and able to work in office 3 to 4 days per week in either Chicago or NYC
- Annual base salary between $60,000 and $90,000.
About Us
Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.
Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs."
Salary : $60,000 - $90,000
