Apply on Employer Site

Guggenheim Partners · 1 week ago

Associate – Program Compliance and Middle Office

Chicago, IL

Full-time

Onsite

Entry, Mid Level

$60K/yr - $90K/yr

2+ years exp

Guggenheim Partners is a diversified financial services firm, and they are seeking an exceptional operations and risk focused individual to join its Program Compliance team as an Associate. The role involves managing key aspects of the OTC derivatives collateral process, including margin calculations, margin calls, and trade reporting.

FinanceFinancial ServicesVenture Capital

Responsibilities

Calculate variation margin and initial margin amounts

Monitor collateral balances and movements to make collateral deadlines throughout the day, issuing collateral calls via the designated collateral management system

Verify collateral has been posted and collected

Research and investigate discrepancies between internal and independent prices above an approved threshold / tolerance

Review and respond to any incoming margin calls

Review, validate, and approve wires and collateral movements

Perform portfolio reconciliation, research and resolve discrepancies, notify internal and external parties

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

Qualification

Fixed income marketsDerivatives marketsCollateral management systemsPythonSQLExcelAnalytical skillsCommunication skillsProblem-solving skillsDetail orientedOrganizational skills

Required

Completed bachelor's degree with a minimum of 2 to 5 years' experience in financial services, specifically fixed income and derivatives markets

Strong excel skills required, including the ability to complete ad hoc analysis integrating data from multiple sources as well as using these skills for process improvement and automation projects

Preferred

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. Responsive to client needs

Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative

Familiarity with efficiency tools, such as Python and SQL

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

Experience with TriOptima/TriResolve/TriResolve margin, BNY AccessEdge, or related collateral management systems

Curiosity; the desire to improve assigned tasks, through efficiency and accuracy, and the desire to learn more about the businesses the group supports