The OTC Analyst / Associate provides operational support to Sales & Trading teams on the processing, settlement and confirmation of OTC Derivatives transactions within agreed ASAPs and Client policies and procedures. The Asset classes include Equities, Interest Rates, Credit, Commodities and FX.
Responsibility of individual includes :
- Timely and accurate validation and processing of OTC Equity and FX derivative products (Accumulators, Decumulators, Swaps, Dual Currency Investment, Structured Investment, FX related products).
- Matching trade details on dealing blotter, counterparty term-sheet / advice and verification of trades in trade capture system.
- Following-up with relevant parties to resolve any trade exceptions / discrepancies.
- Prompt settlement of premium, and trade events e.g. knockout, expiry, exercise, periodic fixing, including posting of accounting entries and releasing of appropriate Swift messages (e.g. MT 202, 541 and 543).
- Ensuring that client trade confirmations are prepared and sent on a timely basis.
- Ensuring that counter trade confirmations are executed. Any outstanding confirmations are to be escalated per the escalation matrix and followed up for resolution.
- Investigating and resolving all outstanding break items in Securities and Nostro as well as Internal accounts.
- Handling all trade enquiries from both external and internal stakeholders.
- Updating EOD checklist to ensure completeness.
- Maintaining close working relationship with team members and cross function teams.
- Ensuring operational delivery covering OTC activities are within agreed SLAs, KRIs and / or KPIs.
- Escalation of any operational risks relating to OTC matters to Manager for mitigation / control solutions.
- Ensuring that the bank's procedures and controls are complied with to prevent losses or risks due to errors, omission or non-compliance.
- Ensuring that all trades alleged by counterparty in DTCC and Markitwire are affirmed on in a timely manner.
- Performing User Acceptance Testing as and when required.
