Apply on Employer Site

eClerx · 2 months ago

Equity Derivatives Confirmations Specialist

7 Bryant Park, New York, NY, 10018, US

Full-time

Hybrid

Mid, Senior Level

$90K/yr - $115K/yr

3+ years exp

eClerx is seeking an equity derivatives operations associate to support a new program for one of their premier clients, a leading global investment bank. The successful candidate will be part of a newly established Derivative Confirmation Service Team for Equity Structured Derivatives, responsible for drafting and reviewing confirmations, applying MCA language, resolving discrepancies, and responding to client and business queries.

AccountingAnalyticsContentDigital MarketingFinancial Services

Responsibilities

Confirmations drafting and reviewing clients’ drafted confirmations:

See table of Equity Derivatives structures in scope for this role

Training will be available for transaction types and systems usage

Prior knowledge of a majority of these transaction types is preferred

Confirmations process servicing and support:

Responding to queries arising from the reconciliation of risk systems to pre-trade and post-trade documentation within a tight T+1 timeframe

Supporting the end to end processing of the DC Servicing team and the Confirmation lifecycle generally

Drafting and (where applicable) negotiating of Master Confirmation Agreements (“MCA”)

Handling non-complex queries relating to the language and provisions used within each confirmation

In 4-eye controls, perform the checker role before confirmations are released to clients

Qualification

Equity Derivatives OperationsConfirmations DraftingMaster Confirmation AgreementsBusiness AnalysisProblem SolvingWritten CommunicationVerbal CommunicationCollaboration

Required

Bachelor's degree in business, finance, accounting, or related field

Minimum 3-8 years' in experience in equity derivatives operations; with specific experience in confirmations drafting

Working knowledge and drafting experience of the Transaction Families and Transaction Types defined in the table

Ability to work collaboratively across multiple stakeholders and locations

Demonstrated problem solving and business analysis skills, i.e. the ability to structure an approach to work through and solve complex and ambiguous challenges

Excellent written and verbal communication skills

Ability to interact effectively with all levels of the organization