Operations Associate

Harvey Nash Plc

Posted on Jan 14, 2025 by Harvey Nash Plc
Glasgow, Lanarkshire, United Kingdom
Accountancy
Immediate Start
£115 - £115 Daily
Contract/Project

Operations Associate| 12 Month Contract | (Inside IR35) | Hybrid (Glasgow, 3 days pw) | Starting ASAP

Day Rate: £115

Job Description:

Harvey Nash's Financial sector client is recruiting a Operations Associate. Collateral Operations are responsible for managing the credit exposure of OTC derivative and repo transactions across multiple businesses at bank, including Fixed Income and Equity Derivatives. The team is a global group with offices in London, Glasgow, Mumbai, Bangalore, New York, Baltimore, Tokyo and Hong Kong and has a combined staff of approximately 220+ individuals. There is currently a position available for an individual at the associate level, within the Collateral Operations team in Glasgow. The successful candidate will be working in a dynamic and challenging environment, covering the day-to-day collateral dispute management process.

Main Duties:

You will be responsible for the management of collateral disputes with Institutional/Hedge Fund counterparties. The candidate will support disputes both on Variation Margin and Regulatory Initial Margin required under Uncleared Margin Rules (UMR). Products supported are very broad, encompassing FX, Credit and Rates Derivatives, Commodities, Repo and Equity Derivatives.

Responsibilities of the role include:

  • Manage collateral disputes with counterparties, ensuring timely and effective resolution.
  • Conducting reconciliations to identity, analyse and resolve the root cause of margin disputes.
  • Collaborate with various internal teams (eg Sales & Trading, Operations, Risk Management, Legal and Strats) and external stakeholders to clarify and resolve disputes.
  • Timely resolution of incoming queries from counterparties with regards to disputes.
  • Identifying cases that require increased attention or pose significant risk, escalating to senior management and other relevant stakeholders to prioritise and resolve promptly.
  • Maintaining a clear focus on increasing efficiency, enhancing control and continuously improving and reducing operational risks.

Skills that will help you in the role:

  • You will have prior exposure of derivative products and preferably have experience with collateral dispute resolution, including a basic understanding of pricing inputs.
  • Some understanding of the key fields within a CSA document impacting margin calls.

This role has been deemed Inside IR35 by the client. Applicants must hold, or be happy to apply for, a valid Basic Disclosure Scotland. Please click the link to apply.


Reference: 2880193134

https://jobs.careeraddict.com/post/98791411

This Job Vacancy has Expired!

Harvey Nash Plc

Operations Associate

Harvey Nash Plc

Posted on Jan 14, 2025 by Harvey Nash Plc

Glasgow, Lanarkshire, United Kingdom
Accountancy
Immediate Start
£115 - £115 Daily
Contract/Project

Operations Associate| 12 Month Contract | (Inside IR35) | Hybrid (Glasgow, 3 days pw) | Starting ASAP

Day Rate: £115

Job Description:

Harvey Nash's Financial sector client is recruiting a Operations Associate. Collateral Operations are responsible for managing the credit exposure of OTC derivative and repo transactions across multiple businesses at bank, including Fixed Income and Equity Derivatives. The team is a global group with offices in London, Glasgow, Mumbai, Bangalore, New York, Baltimore, Tokyo and Hong Kong and has a combined staff of approximately 220+ individuals. There is currently a position available for an individual at the associate level, within the Collateral Operations team in Glasgow. The successful candidate will be working in a dynamic and challenging environment, covering the day-to-day collateral dispute management process.

Main Duties:

You will be responsible for the management of collateral disputes with Institutional/Hedge Fund counterparties. The candidate will support disputes both on Variation Margin and Regulatory Initial Margin required under Uncleared Margin Rules (UMR). Products supported are very broad, encompassing FX, Credit and Rates Derivatives, Commodities, Repo and Equity Derivatives.

Responsibilities of the role include:

  • Manage collateral disputes with counterparties, ensuring timely and effective resolution.
  • Conducting reconciliations to identity, analyse and resolve the root cause of margin disputes.
  • Collaborate with various internal teams (eg Sales & Trading, Operations, Risk Management, Legal and Strats) and external stakeholders to clarify and resolve disputes.
  • Timely resolution of incoming queries from counterparties with regards to disputes.
  • Identifying cases that require increased attention or pose significant risk, escalating to senior management and other relevant stakeholders to prioritise and resolve promptly.
  • Maintaining a clear focus on increasing efficiency, enhancing control and continuously improving and reducing operational risks.

Skills that will help you in the role:

  • You will have prior exposure of derivative products and preferably have experience with collateral dispute resolution, including a basic understanding of pricing inputs.
  • Some understanding of the key fields within a CSA document impacting margin calls.

This role has been deemed Inside IR35 by the client. Applicants must hold, or be happy to apply for, a valid Basic Disclosure Scotland. Please click the link to apply.

Reference: 2880193134

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