Derivative and OTC Swap Clearing Operations Specialist

Software Guidance & Assistance, Inc., (SGA), is searching for a Derivative and OTC Swap Clearing Operations Specialist for a Contract assignment with one of our premier Financial clients in Jersey City, NJ .

Responsibilities :

• 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 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

Required Skills:

• Bachelor degree
• 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
• Microsoft Excel (Vlookup, Pivot tables, formulas, etc.)

Preferred Skills:

• Some technical specifications knowledge across multiple systems and web interfaces
• Microsoft Excel macro knowledge
• Understanding of collateral transfers
• Knowledge of CCP margin calculations

SGA is a technology and resource solutions provider driven to stand out. We are a women-owned business. Our mission: to solve big IT problems with a more personal, boutique approach. Each year, we match consultants like you to more than 1,000 engagements. When we say let's work better together, we mean it. You'll join a diverse team built on these core values: customer service, employee development, and quality and integrity in everything we do. Be yourself, love what you do and find your passion at work. Please find us at .

SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company to request an accommodation or assistance regarding our policy.