What are the responsibilities and job description for the Operations Analyst position at Net2Source Inc.?
Net2Source is a Global Workforce Solutions Company headquartered at NJ, USA with its branch offices in Asia Pacific Region. We are one of the fastest growing IT Consulting company across the USA and we are hiring "Job Title" for one of our clients. We offer a wide gamut of consulting solutions customized to our 450 clients ranging from Fortune 500/1000 to Start-ups across various verticals like Technology, Financial Services, Healthcare, Life Sciences, Oil & Gas, Energy, Retail, Telecom, Utilities, Technology, Manufacturing, the Internet, and Engineering.
Job Title: Operation Analyst
Job Location: Salt Lake City, UT
Job Duration: 6 Months
OPERATIONS
Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
YOUR IMPACT
We promote continuous learning by way of cross training and business engagement across the stack of functions in EQ product class. Your role will involve active partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be encouraged to contribute ideas towards enhancement and streamlining the activities. You will also manage the team and will be role model for the people you are managing hence leading by example will be crucial for success in the role.
OUR IMPACT
The EQ Operations team manages Equities related trade confirmations and settlements work-flow. The team is responsible for ensuring all Equities OTC derivative deals are confirmed in a timely manner and settled. Partnership with multiple groups are key to effective risk management - teams ensure discrepancies are investigated and resolved by leveraging internal sales/trading , technology, legal, Middle office teams and external dealer / client backoffice contacts. The individual is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we develop and expect our people to think creatively and ‘outside the box’, as well as improving the daily process and taking responsibility and ownership for this to happen. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with clients so communication will be a key asset.
Job Summary And Responsbilities
Risk manage confirmations and settlements for Equity Derivatives transactions
Planning, monitoring & managing workflows by delegating queues to team members, approving high risk/value transactions and supervision of functions to ensure completion with timeliness and accuracy
Extract, analyse & interpret key data from source reports for proactive stakeholder communication around risk
Managing inward & outward escalations internally/externally to mitigate Operational, Reputational, Regulatory & Financial risk
Weekly risk reviews and effective KRI(Key Risk Indicator) reporting
Liaising with internal teams and stakeholders to manage accurate books & records
Review daily exception reports and resolve any outstanding items pertaining to team’s responsibilities
Pro-actively work with external clients and other dealers to resolve economic and language discrepancies on Equity deals
Partner with internal teams - Sales , Trading, Credit, Technology and other operations teams to ensure timely confirmation and settlement
Accurate and timely settlement of cash-flows with adherence to the internal payment policy and procedures
Maintain accurate and clean post settlement work-flows - breaks, fails, etc
Design and initiate process improvements with thorough understanding of the teams' processes and controls
Resolution and escalation of all client disputes and queries
Career mapping for team members with focus on their knowledge enhancement, career growth and job enrichment in the firm
Coaching and guidance for team members by providing regular feedback, planning & scheduling training requirements
Annual Employee performance review and delivery of feedback
Project and initiative management and participation within the team and across regions
Key Responsibilities
Prepare and review legal documentation of non-standard derivative trade documentation with Trading, Legal, and outside counsel.
Ensure confirmations accurately incorporate the appropriate ISDA Definitions, Supplements, and Master Confirmation Agreements.
Engage with the Equity Derivatives Trading desk to assess operational impact of new business initiatives and formalize and execute a business plan for delivery.
Support the trading desks to monitor and assist resolution of day-to-day trading issues and help ensure favourable Client service.
Respond to an ever-evolving regulatory environment by developing expertise and serve as a consultant to translate regulatory requirements into functional requirements.
Participate in enhancement projects with Technology and other Operations colleagues with an aim to improving the scalability and efficiency of the Derivatives Confirmation Platform (DCP).
Preferred Qualifications
Strong understanding of derivatives and financial markets (coursework or internships in these areas are a plus).
Excellent attention to detail and organizational skills.
Ability to work effectively under pressure and meet tight deadlines.
Strong communication and interpersonal skills.
Proficiency in Microsoft Office Suite, particularly Excel and Word.
About Net2Source, Inc.
Net2Source is a total talent management solutions company with its presence in 50 countries. Our creative solution service offerings aim at becoming your one stop destination for hiring talent needs globally.
Want to read more about Net2Source? Visit us at www.net2source.com
Equal Employment Opportunity Commission
The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
Net2Source Inc. is one of the fastest growing Global Workforce Solutions company with a growth of 100% YoY for last consecutive 3 years with over 4100 employees globally and 30 locations in US and operations in 50 countries. With an experience of over a decade we offer unmatched workforce solutions to our clients by developing an in-depth understanding of their business needs. We specialize in Contingent hiring, Direct Hires, Statement of Work, Payroll Management, IC Compliance, VMS, RPO and Managed IT Services.
Fast Facts About Net2Source
Khushi Mehandiratta
Senior Techincal Recruiter
#INDFIN
Job Title: Operation Analyst
Job Location: Salt Lake City, UT
Job Duration: 6 Months
OPERATIONS
Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
YOUR IMPACT
We promote continuous learning by way of cross training and business engagement across the stack of functions in EQ product class. Your role will involve active partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be encouraged to contribute ideas towards enhancement and streamlining the activities. You will also manage the team and will be role model for the people you are managing hence leading by example will be crucial for success in the role.
OUR IMPACT
The EQ Operations team manages Equities related trade confirmations and settlements work-flow. The team is responsible for ensuring all Equities OTC derivative deals are confirmed in a timely manner and settled. Partnership with multiple groups are key to effective risk management - teams ensure discrepancies are investigated and resolved by leveraging internal sales/trading , technology, legal, Middle office teams and external dealer / client backoffice contacts. The individual is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we develop and expect our people to think creatively and ‘outside the box’, as well as improving the daily process and taking responsibility and ownership for this to happen. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with clients so communication will be a key asset.
Job Summary And Responsbilities
Risk manage confirmations and settlements for Equity Derivatives transactions
Planning, monitoring & managing workflows by delegating queues to team members, approving high risk/value transactions and supervision of functions to ensure completion with timeliness and accuracy
Extract, analyse & interpret key data from source reports for proactive stakeholder communication around risk
Managing inward & outward escalations internally/externally to mitigate Operational, Reputational, Regulatory & Financial risk
Weekly risk reviews and effective KRI(Key Risk Indicator) reporting
Liaising with internal teams and stakeholders to manage accurate books & records
Review daily exception reports and resolve any outstanding items pertaining to team’s responsibilities
Pro-actively work with external clients and other dealers to resolve economic and language discrepancies on Equity deals
Partner with internal teams - Sales , Trading, Credit, Technology and other operations teams to ensure timely confirmation and settlement
Accurate and timely settlement of cash-flows with adherence to the internal payment policy and procedures
Maintain accurate and clean post settlement work-flows - breaks, fails, etc
Design and initiate process improvements with thorough understanding of the teams' processes and controls
Resolution and escalation of all client disputes and queries
Career mapping for team members with focus on their knowledge enhancement, career growth and job enrichment in the firm
Coaching and guidance for team members by providing regular feedback, planning & scheduling training requirements
Annual Employee performance review and delivery of feedback
Project and initiative management and participation within the team and across regions
Key Responsibilities
Prepare and review legal documentation of non-standard derivative trade documentation with Trading, Legal, and outside counsel.
Ensure confirmations accurately incorporate the appropriate ISDA Definitions, Supplements, and Master Confirmation Agreements.
Engage with the Equity Derivatives Trading desk to assess operational impact of new business initiatives and formalize and execute a business plan for delivery.
Support the trading desks to monitor and assist resolution of day-to-day trading issues and help ensure favourable Client service.
Respond to an ever-evolving regulatory environment by developing expertise and serve as a consultant to translate regulatory requirements into functional requirements.
Participate in enhancement projects with Technology and other Operations colleagues with an aim to improving the scalability and efficiency of the Derivatives Confirmation Platform (DCP).
Preferred Qualifications
Strong understanding of derivatives and financial markets (coursework or internships in these areas are a plus).
Excellent attention to detail and organizational skills.
Ability to work effectively under pressure and meet tight deadlines.
Strong communication and interpersonal skills.
Proficiency in Microsoft Office Suite, particularly Excel and Word.
About Net2Source, Inc.
Net2Source is a total talent management solutions company with its presence in 50 countries. Our creative solution service offerings aim at becoming your one stop destination for hiring talent needs globally.
Want to read more about Net2Source? Visit us at www.net2source.com
Equal Employment Opportunity Commission
The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
Net2Source Inc. is one of the fastest growing Global Workforce Solutions company with a growth of 100% YoY for last consecutive 3 years with over 4100 employees globally and 30 locations in US and operations in 50 countries. With an experience of over a decade we offer unmatched workforce solutions to our clients by developing an in-depth understanding of their business needs. We specialize in Contingent hiring, Direct Hires, Statement of Work, Payroll Management, IC Compliance, VMS, RPO and Managed IT Services.
Fast Facts About Net2Source
- Founded in 2007
- 100% Minority Owned, Debt Free, Private
- 4100 consultants globally
- 2550 consultants placed in the US
- 750 team of in-house staffing team
- 30 sales offices in the US, and 50 Offices globally
- Operations in 20 countries (US, Canada, Mexico, APAC, UK, UAE, Europe, , Europe, Latin America, Japan, Australia)
- 2020 Fast 100 Asian American Businesses by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC 2019)
- 2019 & 2018 Ranked 21st Fastest Growing Staffing Company in USA by Staffing industry Analysts
- 2019 & 2018 Fastest 50 by NJ Biz (Ranked (9th and 27th ).
- 2019 Top 100 Fastest companies to grow in Dallas by Dallas Business Journal.
- INC 5000 Fastest growing for 8 consecutive years in a row.
- America's Most Honored Businesses (Top 10%)
- 2019 Dallas Top 100 by Dallas Business Journal
- 2019 Proven Supplier of the Year by Workforce Logiq
- 2019 Spirit of Alliance Award by Agile1
- 2018 Best of the Best Platinum Award by Agile1
- 2018 TechServe Alliance Excellence Awards Winner
- 2017 Best of the Best Gold Award by Agile1(Act1 Group)
Khushi Mehandiratta
Senior Techincal Recruiter
#INDFIN
