Derivative Documentation Senior Analyst
- Pune, Maharashtra
- Permanent
- Full-time
We are seeking a Pune India based Derivative Documentation Sr. Analyst to join our Derivative Operations Department in Global Technology & Operations.Team/Group Description
The Derivative Operations department is responsible for the front to back operational support for OTC and listed derivative instruments, used across each of AB's core Strategic Business Units globally. The group performs middle office, collateral management, confirmation, reconciliation and settlement processes of this complex asset class.Role Description`
The Derivative Documentation Sr. Analyst will complete a key role for AllianceBernstein (AB) by performing trade support and trade confirmation processes across the various derivative products that AB trades. The key function of the role is reviewing all executed trade terms and economics within the confirmations against the information that the third party brokers have alleged.Key job responsibilities include, but are not limited to
- Complete accurate and timely execution of trade confirmations received from executing counterparties for cleared and bilateral OTC derivatives.• Escalate/Identify/raise the economics breaks in portfolios to trade counterparties and AB’s OTC Middle Office group
- Familiarity in reviewing and executing long form ISDA trade confirmations for OTC derivatives is strongly preferred.
- Monitor and maintain the confirmation status of all opening and closing transactions.
- Communicate effectively with internal and external stakeholders to ensure accurate and timely resolution of queries.
- Chase all outstanding confirmations in a timely manner
- Knowledge of/previous experience using OSTTRA suite of products (DSMatch,MarkitWire, TradeServ) and ICELink are strongly preferred.
- Partner with internal technology and operations teams to work to improving the OTC trade documentation process.
- Required to cooperate with AB’s in-office policy (minimum 4 days in the office per week).
- Shift timing: 18:00 to 2:30 IST. During daylight: 19:00 to 3:30 IST
The Derivative Documentation role offers high visibility to AB traders and Middle Office teams. This role also works closely with dealer sales and trading desks.This role will offer candidates an opportunity to develop a deep understanding of the OTC markets and products, honing professional skills on presenting to senior audiences and the opportunity to work in a fast-paced environment.
Qualifications, Experience, Education
- Bachelor’s degree in finance, Accounting, Economics, or a related field. MBA is a plus.
- Minimum of 1-3 year of experience in supporting derivative trade confirmation, settlement or collateral operations at a bank or asset management firm.
- Strong understanding of OTC and exchange-traded derivatives products, including futures, options, swaps, and forwards.
- Proficiency in using derivative trade confirmation tools and derivative systems, such as Markitwire, ICELink, DTCC and Calypso.
- Experience with Microsoft Office is required. Any experience with VBA, Macros, or advanced Excel formulas is a plus.
- Excellent analytical and problem-solving skills, with a keen attention to detail.
- Strong communication and interpersonal skills, with the ability to work effectively in a team environment.
- Ability to work in a fast-paced environment and adaptable to change.