Middle Office Associate
NatWest Group Posted on 2022-11-23
| Salary | Not mentioned |
|---|---|
| Location | Stamford, CT |
| Type | Full-time |
Job Description
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This role is based in the United States and as such all normal working days must be carried out in the United States.
US Middle Office, Associate
This job description is intended to describe the general requirements for the position. It is not a complete statement of duties, responsibilities or requirements of the role. Other duties not listed here may be assigned as necessary to ensure the proper operations of the department and the business.
Purpose of role:
The Natwest Markets US Middle Office supports the US Trading, Customer Sales and Capital Markets business areas. The team performs activities including: transaction control, trade allocations, managing client and sales queries, broker and trading queries, treasury auctions, regulatory reporting support and reconciliation controls. The primary functions of the role are to perform supervision, training and oversight of our Interest Rates derivatives middle office and our futures back office. The team has an opportunity for a highly motivated person with Interest Rates derivatives, OTC derivatives product expertise and Futures FCM operations experience and exchange traded derivatives product expertise to join the team.
Your Role:
- Perform daily activities in conjunction with our back office services provider for futures, including: trade processing, reconciliations, deliveries, margin and brokerage.
- Ensure accurate regulatory reporting and communicate with regulators and exchanges to ensure compliance with all applicable regulations.
- Effectively manage relationships and work closely with regional and global teams across the organization including front office, operations, compliance, finance and technology.
- Ensure the accuracy of the Futures funding & margin requirements (including segregated and secured accounts) and assist with setting target residual interest.
- Ensure the regulatory filings in relation to maintenance of segregated funds are timely and accurate
- Develop operational and product skills and build personal knowledge through training and coaching.
- Act as a contact for exchanges and internal and external audits for Futures and deliver high quality outcomes.
- Work closely with traders, sales people, and other operations teams to provide the highest level of operational support, both regionally and globally.
- Using your subject matter expertise, train and support local and global teams to meet service levels and stakeholder expectations.
- Maintain and update documentation of all procedures, processes and key controls where required.
- Design and compile metrics for KRIs and KPIs. Analyze and deliver better ways to improve operational performance at the firm and at our third party provider.
- Identify control gaps and efficiency barriers to develop new ways of working, improve controls and deliver cost-efficient solutions. Ensure the timely escalation of potential risk and control issues.
- Perform project work in collaboration with other teams, regionally and globally, to deliver on the bank’s strategy.
- Maintain effective partnerships with customers, stakeholders and colleagues. Act as a point of contact for all OTC Rates derivatives and futures-related issues and projects.
Skills and Experience
- 5+ years of experience in Interest Rate Derivatives and Futures / FCM Operations role.
- Proficiency and strong understanding of OTC products (swaps, swaptions, some exotics), exchange traded derivatives and the full product lifecycle.
- Understand trade flow and the front to back operations processes including key elements of trade capture, reconciliation and regulatory reporting requirements.
- Adaptability to learn new tasks and demonstrate a willingness to understand the details of a process.
- Extremely detail oriented, hard-worker, positive attitude and enthusiasm for solving complex problems.
- Strong PC skills with Excel and relevant industry systems including Markitserv and CME applications.
- Demonstrated ability to work within a team and collaborate across business areas.
The expected base annual salary range for this position is $75,000 – $120,000 at the start of employment. This is not a guarantee of compensation. The exact compensation is determined on an individualized basis and may vary based on skills, experience, training licensure, certifications and location. In addition to base salary, our total rewards package also includes eligibility for an annual discretionary bonus; medical, dental, and vision plans; life and disability insurance; employee wellness programs; retirement and savings plans with potential employer contributions; generous paid time off policy, parental leave and tuition reimbursement.
It is the policy of NatWest Markets Securities Inc. and its parent, affiliates and/or subsidiaries to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, sex, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws. Equal Opportunity Employer -Disabled/Veteran – review « EEO Is The Law », “EEO is the law- Supplement” & “Pay Transparency Provision” posters here.
Company description:
confidential
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