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Settlements Analyst (Derivatives and Collateral Management)

Company: Barings LLC
Location: Charlotte
Posted on: November 19, 2023

Job Description:

Settlements Analyst (Derivatives and Collateral Management) page is loaded Settlements Analyst (Derivatives and Collateral Management) Apply locations Charlotte, NC, United States time type Full time posted on Posted 30+ Days Ago job requisition id JR_004709 At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Job Title: Settlements Analyst (Derivatives and Collateral Management) Locations: Charlotte, NCAs a key member of a newly formed team in Barings Operations you will be responsible for the delivery of US operational services relating to Derivatives and Collateral Management processes, reporting to Manager of Derivatives and Collateral based in US.You will work closely with both internal partners (trading, portfolio management, compliance, counterparty management etc.) and relevant external parties (counterparties, custodians, clearing institutions).You will join the team of dedicated professionals responsible for performing all aspects of derivatives post execution processing and collateral management activities.You will demonstrate credibility with a proven competency and knowledge of the operational and trading activities, as well as drive efficiency and accuracy to reduce risk in our processes.Responsibilities:

  • Focus on accurate and timely transaction processing of Derivatives and Collateral Management, ensuring tasks are prioritized accordingly to meet processing deadlines
  • Work closely with front office and business partners to provide daily operational support included but not limited to trade capture, asset set-up, confirmations processing, settlements, failed trade management, payment processing and reconciliation
  • Coordinate margin calls and manage the dispute process with each respective counterparty
  • Book agreed collateral movements, provide proactive communication with custodian banks and support collateral settlement process
  • Act as a subject matter expert on firm's operational workflows and processes for derivatives and collateral, including liaison with Manager of Derivatives and Collateral in relation to any enhancements to Aladdin to support new business initiatives.
  • Assist Manager of Derivatives and Collateral with any Regulatory Change projects impacting Derivatives e.g. UMR, LIBOR transition.
  • Take responsibility and provide proactive communication while troubleshooting and resolving issues related to Derivative trade capture, settlements and collateral management
  • Identify risk issues and use good judgement in communicating issues to management attention and escalating matters when warranted
  • Develop strong client relationships and partner with front office and IT to realize the full potential of operational workflows
  • Actively ensure upward and downward communication of developments and issuesQualifications and Skills:
    • Full understanding of different types of products and processing requirements for bilateral and cleared swaps, cross currency swaps, zero coupon swaps, CDS/X, swaptions, TRS, caps/floors, FX, futures and options.
    • Understanding of the lifecycle of the trade from execution to settlement, as well as collateral management process
    • Solid understanding of operational risks and controls
    • Knowledge of connectivity protocols is a plus
    • Knowledge of Order Management Systems, in particular Aladdin
    • Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows
    • Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines
    • Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
    • Effective communication skills, both written and verbalExperience:
      • 2+ years' experience in financial services
      • Recent and relevant experience in Trade Operations
      • Strong knowledge of derivatives products and collateral management processesEducation:
        • Bachelor's degree in Accounting, Economics, Finance or related field #LI-KW1
          #LI-Hybrid Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.Barings offers a comprehensive benefits package including:CORE BENEFITS & WELLNESS
          • Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
          • Fitness Center Reimbursement Program (Including Online Memberships)
          • Employee Assistance Program (EAP)
          • Fertility BenefitsFINANCIAL WELL-BEING
            • 401(k) Plan w/Company Match
            • Pension Plan
            • Health Savings Account (HSA) with Company Contributions
            • Flexible Spending Accounts (FSA) - Health Care & Dependent Care
            • Retirement Health Reimbursement AccountLIFE INSURANCE
              • Basic and Supplemental Life Insurance
              • Spouse and Child Life InsuranceTIME OFF, DISABILITY AND LEAVE OF ABSENCE
                • Paid Vacation, Sick Days and Annual Holidays
                • Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
                • Short and Long Term Disability Plans
                • Paid Volunteer Time -OTHER BENEFITS
                  • Education Assistance Program
                  • Charitable Matching Gifts Program
                  • Commuter Reimbursement Program
                  • Adoption and Surrogacy Reimbursement Program About Us Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service.Our team-driven culture is based on transparency, responsibility and putting our clients' interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors' capital over the long term is an essential component of our lasting partnerships.Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service.As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success.

Keywords: Barings LLC, Charlotte , Settlements Analyst (Derivatives and Collateral Management), Executive , Charlotte, North Carolina

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