Job Summary and Responsibilities:
- To mitigate Economic Affirmation risk in Equities, ensuring trade details are affirmed within department guidelines.
- Mitigate the risk of any key economic differences between both Client and Client's bookings.
- Ensures discrepancy resolution for any disputes raised by the clients on our confirmations in a timely manner.
- Review and resolve discrepancies raised by clients on our confirmations.
- Review of incoming counterparty documents and works with the counterparties to agree the confirmation templates to be executed.
- Highlighting all discrepancies raised by clients promptly and working with Trading and Sales to ensure the trade has been accurately booked.
- Follow up with clients on execution of Legal confirmation and electronic matching of trades
- Ensure risk is mitigated for trades categorized as critical and high priority.
- Escalate outstanding trades in Critical category risk to senior management.
Skills:
BASIC QUALIFICATIONS:
- Bachelor's Degree Required
- Understanding of risk and controls required to support derivative transactions
- Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities
- Excellent attention to detail and accuracy
- Effective problem solver
- Takes actions to ensure that controls are in place and procedures are followed
- Strong Microsoft Excel skills
- Skilled at gathering and analyzing quantitative data to guide decision-making
- Demonstrates strong leadership skills, ability to gather stakeholder support for initiatives across teams and see them through to execution