About this opportunity
eTeam lists this AVP Derivative and OTC Swap Clearing Margin Operations opportunity in jersey city, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Job Overview
Job Title: AVP Derivative and OTC Swap Clearing Margin Operations
Job Duration: 9 months contract
Location: Jersey City, NJ 07310
Pay Range: $70-90/hour on W2 (Depending upon the experience)
Hours: 8:00am to 5:00pm
Job Description
AVP Derivative and OTC Swap Clearing Margin:
Directly interacting with the global client base to manage their margin, cash, and collateral settlements and inquiries
Knowledge of the CFTC regulations, NFA, JAC Margin Handbook and CCP rulebooks for FCM clearing operations of settling margin, collateral, and protection of customer collateral regulations with a focus on Part 22 LSOC regulations, specifically mutualization of risk.
Understanding cash wire, securities movements, and related control processes incorporated into the settlement of client and CCP facing margin.
This also includes monitoring account cash and security balances, reconciling bank transactions, pledging cash and securities on various exchanges, notifying clients of margin obligations, executing client funding transaction requests, monitoring accruals and other interest receivables and payments.
Working knowledge of FCM operations involvement in the life cycle of execution and clearing activities that result in the calculation of margin requirements.
Raises issues to the appropriate contacts in a timely manner to ensure all are aware of potential risk while taking ownership of the issue and sees through to resolution.
Clearly communicates in a group setting, providing a different point of view in a professional manner.
Consistently delivering exceptional client service to internal and external clients
Ability to work on all US holidays except Christmas and New Years
Minimum Required Qualifications
At least 5 years of experience in the margining of exchange listed products
Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing
Knowledge of regulatory requirements for futures margining with prior experience dealing with both internal and external audit teams
Experience interacting with clients and various lines of business
Experience reconciling separate data points and sources
Preferred Qualifications
Some technical specifications knowledge across multiple systems and web interfaces
Microsoft Excel macro knowledge
Understanding of collateral transfers
Knowledge of CCP margin calculations
Knowledge of CFTC regulations
Regulatory/Registrations
FINRA Registrations Required:
Seniority level
Entry level
Employment type
Contract
Job function
Administrative
Industries: Banking and Capital Markets
Note: This refined description retains the core responsibilities, qualifications, and expectations while removing unrelated postings and boilerplate.
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Worksite address
jersey city, NJ, 07390, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.