Temp | Technical | Associate - Sr | Level 3(USD)Posted: 1 month ago
Attention to detail, strong communicator, team player
Outstanding Interpersonal Skills, ability to communicate to a wide and varied audience
Intellectual interest towards financial markets (key, as we train for deep product and market knowledge)
The Drafting team looks after the production of documentation for Interest Rate, Credit and FX Derivative trades for North America, ensuring accurate trade representation to match Client's internal risk bookings. The team is groups of experienced drafting SME's covering the confirmation drafting process of exotic option and swap transactions done from New York, with a high focus of accurate and timely confirmation issuance in line with the CFTC and EMIR confirmations requirements.
In addition, the team runs various initiatives to standardize and streamline internal confirmations processes to increase accuracy, efficiency and reduce cost per trade. The team is broken down internally by asset classes but set the long term goal of breaking down the walls of asset class specific structures and introducing a flexible, cross asset coverage model.
The role is a drafting analyst function in the local Interest Rate, Credit and FX Derivatives drafting team in Baltimore. The roles main responsibility is day-to-day operational risk management associated to the documentation of OTC derivative transactions. The role entails responsibilities of drafting outstanding confirmations for structured and bespoke Fixed Income Derivative Trades across various lifecycle events, management of incoming and outgoing queries with the team's internal client base and other ad hoc confirmation documentation support for the Fixed Income Business Unit.
Prepare timely and accurate trade confirmations for OTC derivative products predominantly trades in North America
Work across various regions and departments to ensure timely resolution of drafting related queries
Provide additional support through drafting of Master Confirmation Agreements and Novation Agreements (as required).
Provide support for documentation aspects of Credit Event processing (as required)
Identify risk issues, escalate where appropriate & provide assistance in resolving
Organize own day-to-day tasks per functional procedures to ensure all priority tasks are completed to deadline specifically using the appropriate systems/tools
Actively ensure upward, downward & peer communication of developments and issues
Deal with regular queries from internal and external clients
Communicate with immediate team members on day-to-day issues, business process improvements, ideas and results
Carry out tasks related to the job in accordance with the instructions of the superior.
Experience in Investment Banking Operations. Previous exposure to financial derivatives and an understanding of Fixed Income markets and products would be advantageous
Outstanding Interpersonal Skills
Strong numerical and analytical background, Excellent attention to detail
Ability to communicate to a wide and varied audience
Ability to deal with stressful situations and high volume
Understands the risk inherent to Operational process
Excellent team player