Middle Office Risk Operations Analyst

Job description / Role

Our Client one of the largest bank in the region is looking to hire a Middle Office Risk Operations Analyst.

To enhance the valuation and control functions within our client's Global Markets Division, the Bank has created a best market practice Middle Office. The Middle Office will perform a variety of functions on a daily and periodic basis, on a broad basis these will include; Product Control and Risk Control.

Collateral Management services resides within the Risk Control stream of the Middle Office.
The Analyst processes the Mark to Market (MTM) of the portfolio of derivative and repo trades between our client and their counterparties to ensure that our client's exposure to their counterparties is sufficiently collateralised.

The process requires the performance of data integrity checks on trade data received in the collateral management platform and the comparison of exposures with the value of the assets pledged, in accordance with the parameters specified in the legal agreements. Changes in the portfolio MTM (due to market price fluctuations, or new / matured trades) will generate changes in the required collateral balance.

The analyst will call for or post additional collateral, depending on the direction of movement of the MTM of the trade portfolio relative to collateral pledged. The margin call process ensures that at all times, the Bank and the counterparties remain as protected as possible from excessive credit risk exposure.

Requirements

• Minimum of 2 years' experience in derivatives margin calling is required

• BA/BS – Finance, Accounting, Economics or other related field of study

• Knowledge of cash and securities settlement processes is required

• Exposure to legal documentation in relation to collateral agreements (i.e. CSA, GMRA,...) is required; at a minimum, experience of input of derivatives and repos agreements static data into collateral systems

• Product knowledge of derivative products

• Work experience gained in a role requiring significant problem solving skills

• Strong communication skills - essential for the resolution of day to day issues with clients, counterparties and various departments (i.e. middle offices credit and legal, etc.)

• Comfortable in using Excel for the creation and maintenance of spreadsheets

• Experience in a derivatives middle / back office will be considered as a plus

• Strong awareness of operational risk

• Committed team player - there may be long hours: the team is small, work is dependent on the availability of upstream systems, which may be late, counterparties may also be late in confirming their agreement to our margin calls

• Easily adaptable and capable of dealing with change

About the Company

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