Business Unit Overview

The Portfolio Reconciliation and Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) within the Global Markets Operations division. Portfolio Reconciliation and Valuations is responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely manner according to their requirements. This is a function in line with Dodd- Frank requirements and is heavily related to the margin rules program since Sept. 2016. The team also provides client valuations to OTC derivative clients and regulatory reporting daily.

JOB SUMMARY AND RESPONSIBILITIES

• Closely work with clients & internal GS teams (Sales, Trading, Controllers, Credit and Middle Office etc.) to communicate, reason, and resolve trade flow and pricing discrepancies in order to resolve collateral disputes.
• Leverage data analytic outputs to pinpoint top dispute drivers and use your quantitative and analytical skills to further investigate complex dispute drivers across all OTC derivative products
• Ensure proper daily action is taken on work items within the team’s daily workflow/queue as well as ensure assigned items within the team’s email inbox are appropriately investigated, addressed, responded to and resolved in a timely manner
• Ensure assigned work items do not age without proper action
• Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress collateral dispute investigation and resolution
• Participate in driving team-wide initiatives focusing on client service and automation
• Use your inquisitive mindset to challenge the status-quo and identify control gaps and operational risk with respect to existing workflows.
• Willingness to learn and leverage business intelligence tools and best practices

BASIC QUALIFICATIONS & SKILLS (Must have)

• Bachelor's degree as a minimum requirement. 1 year minimum of professional work experience preferred as well
• Good communication skills both verbal and written are MANDATORY.
• Analytical skills, risk management/escalation skills, strong problem solving abilities, and meticulous attention to detail
• Must be able to manage sticky issues and escalate appropriately if an issue is not being resolved within the expected timeframe
• Self-motivated and proactive team player who takes ownership and accountability, has strong organizational skills as well as the ability to effectively manage competing priorities
• Aptitude for building relationships and ability to articulate complex issues to a wide array of internal / external clients with differing levels of product experience
• Flexible and able to work well under pressure in a global team environment
• Hands on knowledge working with tools such as Advanced Excel and MS office suite required.
• Understanding of uncleared margin, portfolio reconciliation processes is an added advantage.
• Familiarity with vendor platforms TriOptima and Acadia an added advantage

PREFERRED QUALIFICATIONS & SKILLS

• Knowledge of Listed and OTC derivatives. Good understanding about the products like Options, SWAPS, Forwards, Equities, Bonds, Fixed Income.
• Understanding on Trade lifecycle and how it works in the investment banking sector.
• Knowledge of trade flows, regulators, regulations and understands business from high and low level.
• Hands on knowledge working with data analytic tools such as Alteryx and Tableau are an added advantage