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.
#J-18808-Ljbffr
Keywords: Barings LLC, Charlotte , Settlements Analyst (Derivatives and Collateral Management), Executive , Charlotte, North Carolina
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