AVP Derivative and OTC Swap Clearing Margin Operations

Job Overview

Job Title: AVP Derivative and OTC Swap Clearing Margin Operations

Job Duration: 9 months contract

Location: Jersey City, NJ 07310

Pay Range: $70-90/hour on W2 (Depending upon the experience)

Hours: 8:00am to 5:00pm

AVP Derivative and OTC Swap Clearing Margin:

• 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 of 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
• Ability to work on all US holidays except Christmas and New Years

• 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

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

FINRA Registrations

Required:

• Entry level

• Contract

• Administrative
• Industries:
  Banking and Capital Markets

Note:

This refined description retains the core responsibilities, qualifications, and expectations while removing unrelated postings and boilerplate.