Functional Analyst- Trade Finance

"""Skills Required:

• Investment Operational experience in OTC Derivative products, preferably with experience in a Trade Settlements and reconciliation for equity derivatives, commodities, credit, futures, and foreign exchange (FX) products

• Drafting, Confirmations, Affirmations, Settlements and or Middle office exposure

• Experience with Microsoft Office, TLM, BESS, PEGA

• 2+ years of work experience in the above listed products.

• Bachelor’s degree in Finance, Accounting or related discipline. M.com, MBA in finance or accounting preferred

• 1-3 years of Reconciliation and Accounting Background Experience

• Ability to understand business language and translate into technical terminology

Roles & Responsibilities:

• Affirm / confirm cash settlement for executed deals with the various counterparties

• Transmit cash instructions to custodians, administrators and other relevant third parties

• Liaison with custodians, administrators, counterparties, Middle Office and Trade Documentation teams to resolve affirmation / confirmation discrepancies and / or settlement failures

• Supporting multiple regions i.e., Toronto, London, Ireland, New York, and Asia Pacific for various business lines including FX, Derivative Products, Security Settlements, Money Market, Collateral, Futures, Lending Services and Finance

• Work with IT and management to improve systems and processes with a view to constantly improving controls and efficiency

• Timely and accurate reconciliation of the Bank’s cash accounts held at other Banks and internal Inter Branch Accounts in strict compliance with Bank standards and regulatory requirements

• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk

• Maintain and exchange static data and settlement instructions for all legal entities

• Perform upfront/ termination/ and exercise fee settlement and reset and roll calculations for relevant OTC deals as required

• Promptly identify, track and settle all outgoing and incoming payments

• Analyze the breaks triggered due to booking issues, settlement issues and resolve in quicker manner

• Monitor the data feed for position reconciliation, identify the gaps, perform root cause analysis, and update the relevant stakeholder for faster resolution

• Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities"""