Derivatives Trade Specialist
4 weeks ago
Department: Operations
Position Overview:
As a key member of the Squarepoint Capital team, you will be responsible for ensuring the smooth operation of our OTC derivatives middle office. This includes derivative trade capture, trade confirmations, settlements, reconciliations, and position life-cycle events.
Key Responsibilities:
- Manage all aspects of OTC derivative trade validation, maintenance, affirmation, settlement, and reconciliation.
- Validate processes and settle all periodic events to ensure the integrity of the entire trade life cycle.
- Perform position and cash reconciliations.
- Perform trade affirmation in Markitwire with counterparties to minimize risk.
- Monitor T+0 trade capture exceptions.
- Process corporate actions for APAC & EMEA.
Required Qualifications:
- OTC middle/back-office experience covering trade processing, collateral, confirmations, settlements, cash, position, and trade reconciliations.
- Demonstrate/develop proficiency in all types of OTC products including equity swaps, credit default swaps, variance swaps, options, asset swaps, interest rate swaps, forwards, MBS, FX settlements, and any new products that come to market in the derivative asset class.
- Candidates should demonstrate/develop proficiency in assessing the impact of corporate actions on P&L and SOD processes.
- Demonstrate proficiency in all calculations used to support any products in your asset class coverage.
- Understand the importance of our team concept and establish long-lasting organizational relationships that will foster a productive work environment.
- Demonstrate proficiency in written and oral communication skills.
- Work on system and process improvements, and new business initiatives.
- Understand the relevant technology and applications required to excel in the role.
- Excel, MarkitWire, CTM, Traiana, NYFIX, and Bloomberg are critical applications used daily.
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