We are open to considering requests for flexible working
The Portfolio Reconciliation and Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) within Securities Division Operations.
Portfolio Reconciliation and Valuations is responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with Dodd- Frank requirements and is heavily related to the margin rules programme going live in Sept. 2016. The team also provides client valuations to OTC derivative clients and regulatory reporting on a daily basis.
o Liaise with clients in order to track and resolve position discrepancies
o Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
o Deliver position reports to clients and 3rd party vendors on a timely fashion
o Constantly recommend and develop more efficient methods of price consolidation and delivery
o Participate in development and implementation of Portfolio Reconciliation mandate
o Provide functional oversight and team lead duties while being responsible for driving team-wide initiatives focusing on client service and automation.
o Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc
Are you looking to apply your quantitative skills while deepening your understanding of derivative products while working in a fast paced and collaborative atmosphere? Our Portfolio Reconciliation and Valuations team is seeking a professional who is looking to collaborate with traders, Sales, Controllers, Credit and other Operations teams to mitigate risks associated with collateral disputes and reporting of trade differences across OTC derivative transactions.
Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.
Portfolio Reconciliation within the broader Margin, Collateral, and Valuations team is a fast-paced and dynamic team which supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. The team also interacts with all areas of Operations giving members a unique perspective into the various business lines of the firm while impacting all business streams.