Are you looking to apply your problem solving abilities and creative thinking while deepening your understanding of derivative products and industry regulatory requirements? Confirmations Drafting Group is looking for a highly motivated individual with excellent teamwork, organizational, communication and risk management skills. You will need to multi-task well and be able to adapt quickly to an ever-changing list of demands. The role will require extensive coordination and interaction with various Operations teams, Sales & Trading, Technology, Compliance, Legal and other professionals across the firm to mitigate risks associated with the documentation and support of derivative transactions.
The Confirmations Drafting Group within Operations was formed in 2014 with a mission to facilitate high efficiency & risk reduction through technology optimization, process convergence and a flexible global cross-product organizational structure yielding highest possible regulatory compliance, enhanced client experience, superior partnership with the Business and functional diversity for our people through cross-asset exposure.
HOW YOU WILL FULFILL YOUR POTENTIAL
Build and maintain a strong Business relationship with derivative trading desks and ensure that their queries and requests are appropriately addressed.
Prepare and review legal documentation of non-standard derivative trade documentation with Trading, Legal and outside counsel.
Partner with Trading and other Operations teams to provide commentary on legal language and insight for long-term support requirements
Ensure control measures are in place and applied to support existing and new structured transactions
Ensure confirmations accurately incorporate the appropriate ISDA Definitions, Supplements and MCAs
Coordinating with external clients to ensure timely execution of confirmations and resolve all outstanding queries on documentation.
Participate in enhancement projects with Technology and other Operations colleagues, with an aim to improving scalability and efficiency of the confirmation process
Design and initiate process improvements with thorough understanding of template architecture and system flows
Respond to an ever-evolving regulatory environment by:
Developing expertise in regulatory requirements and acting as a consultant to translate these regulatory requirements into functional requirements
Analyzing regulatory compliance data
SKILLS AND EXPERIENCE WE ARE LOOKING FOR
Preferred candidate will have minimum 3 years of operations experience, preferably in derivatives. Ideal candidate should have an understanding of credit derivatives, including the current regulatory environment. Knowledge of current industry focuses and structured transactions a plus
BA or BS degree is required; concentration in finance or legal studies a plus
Excellent team player, able to work well inside a group and broadly across an organization
Proven ability to organize and prioritize own workload and drive results
Familiarity with the firm’s risk and control framework
Ability to multitask and work in high pressure environment
Strong written and verbal communication skills; demonstrated confidence in communicating in a variety of forums and with varied audiences, including: formal presentations, training sessions, larger meeting venues, and with external/internal clients
Proven ability to work effectively in a team environment; able to work independently and as a self-starter, as appropriate
Attention to detail, particularly with regard to legal language and a sense of urgency in escalating and resolving outstanding issues
Demonstrated commitment to quality controls and procedures
Strong problem solving and analytical skills
Excellent PC skills, including Microsoft Word and Excel
Understanding of the derivatives industry
Project management experience
Legal documentation experience
Experience working with legal counsel and external customers a plus