OTC Client Clearing Trade Acceptance Associate

Job Description

A great opportunity at a top Investment Bank has come available in a OTC Client Clearing Trade Acceptance role. The role sits in the Front Office reporting to the Head of OTC Client Clearing and represents a great opportunity for anybody looking to forward their career.

Key Responsibilities

• The acceptance of OTC trades given-up by clients through vendor platforms such as Markit Wire.
• The calculation of the initial margin impact of new trades on the client's portfolio, using in-house tools, and the monitoring of initial margin limit utilization.
• Working in partnership with Prime Services risk and OTC Collateral operations to ensure client exposure is correctly represented and managed.
• Ensuring all trade lifecycle events have been processed based on client instructions.
• Monitoring of workflows to ensure deals are processed in a timely fashion.
• Management of OTC Client Clearing books in Summit and Calypso to ensure a flat risk position is maintained.
• Primary point of contact for support functions in the resolution of processing exceptions.
• Partnership with the OTC Client Clearing integration team in the on-boarding of clients.
• Acting as a single point of contact for resolution of client and internal queries.
• Key partner with clients and the OTC Client Clearing business in service development.

Key Requirements

• Good Client facing skills:
• Excellent communication skills
• Ability to build & foster client relationships
• Pro-active approach to all client related issues
• Knowledge of OTC Clearing infrastructure on a front to back basis including:
• Give-up processing
• Margining
• Pricing - product behaviour, yield curves, cash flows
• Trade lifecycle events
• Knowledge of OTC Clearing Processes and related procedures
• Experience of process change and performing User Acceptance Tests