OTC/FX Associate Specialist, Integrated Portfolio Services

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Drive, implement, and execute project initiatives.

• Transform strategy into actionable plans and facilitate execution across teams.

• Coordinate dependencies, manage trade-offs, monitor progress, identify risks or constraints, and reinforce priorities.

• Act as an escalation point for team members and clients.

• Serve as a subject matter expert in OTC/FX products.

• Oversee team projects and initiatives.

• Manage multiple clients, hedge funds, and business lines in a fast-paced environment.

• Affirm and confirm OTC and FX trades on electronic platforms or paper.

• Settle swap cash flows, including unwinds, fees, resets, and premiums.

• Ensure accurate operational reflection of OTC and FX trades.

• Record corporate actions and dividends/coupons for precise position and P&L attribution.

• Identify and resolve transaction discrepancies between clients and swap counterparties.

• Collaborate with trading desks, control groups, and counterparties to rectify economic discrepancies.

• Process periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products.

• Ensure timely receipt of OTC and FX confirmations.

• Guarantee accuracy of transaction agreements and modifications.

• Prioritize and address trade breaks by the end of the day.

• Process trade activity in accordance with established policies and procedures while minimizing risk from trade mismatches.

• Collaborate with IT on the development and enhancement of the trade management system.

• Engage with coworkers and clients in a dynamic trading environment.

• Provide training to staff globally.

• Deliver independent, high-level operational execution and strategic direction.

• Offer comprehensive consulting and technical leadership as a subject matter expert.

• Develop, implement, and manage programs within functional areas.

• Perform other related duties as required.

⛳️ Requirements

• Bachelor’s degree strongly preferred.

• Over five years of experience in FX or OTC structured and derivatives product operations.

• Experience with the settlement of OTC structured and derivatives products.

• Experience in reviewing documentation for OTC structured and derivatives products.

• Proficiency with TradeServ, MarkitWire/MarkitTradeManager, and eConfirm platforms preferred.

• Proficiency in Microsoft Word and Excel, including the ability to create macros, use Copilot, and Power Automate.

• Excellent mathematical and analytical skills.

• Exceptional written and oral communication abilities.

• Strong organizational skills and meticulous attention to detail.

• Capability to manage multiple tasks under highly time-sensitive conditions.

• Understanding of transaction types within asset classes beyond vanilla trades preferred.

• Familiarity with ISDA guidelines and documents is helpful.

• Knowledge of OTC regulations across Dodd-Frank, EMIR, ASIC, and MAS.

• Ability to operate independently in a fast-paced, dynamic, and demanding environment.

• Proficiency in resolving conflicts swiftly.

• Capacity to work on multiple tasks with minimal supervision and demonstrate exemplary follow-through.

• Must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future.

🏝️ Benefits

• Retirement benefits (401k and pension).

• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability.

• Paid time off.

• Parental and caregiver leave.

• Life and accident insurance.

• Other voluntary and well-being benefits.

• Discretionary bonus program, which may include an equity component.

• Flexible and collaborative work culture.

• Opportunities for movement within the organization are encouraged.

• Reasonable accommodations for individuals with health conditions and disabilities.

• Philanthropic and community involvement opportunities.