AVP - Derivative and OTC Swap Clearing Margin

Immediate need for a talented AVP - Derivative and OTC Swap Clearing Margin. This is a 12 Months Contract opportunity with long-term potential and is located in Jersey City, NJ (Onsite). Please review the job description below and contact me ASAP if you are interested.
Job ID:25-66534

Pay Range: $75 - $80/hour. Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).
Key Requirements and Technology Experience:

• Skills-Part 22 LSOC; SWAPS, settlement or clearing.
• 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

Our client is a leading Financial services Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.

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