Operations Analyst

Spectraforce Technologies
United States, Utah, Salt Lake City
Jan 07, 2025
Job Title: Operations Analyst Duration: 6 Months Location: Salt Lake City, UT Duties: JOB SUMMARY AND RESPONSIBILITIES To mitigate Economic Affirmation risk in Equities, ensuring trade details are affirmed within department guidelines. Mitigate the risk of any key economic differences between Client's bookings. Ensures discrepancy resolution for any disputes raised by the clients on our confirmations in a timely manner. Review and resolve discrepancies raised by clients on our confirmations. Review of incoming counterparty documents and works with the counterparties to agree the confirmation templates to be executed. Highlighting all discrepancies raised by clients promptly and working with Trading and Sales to ensure the trade has been accurately booked. Follow up with clients on execution of Legal confirmation and electronic matching of trades Ensure risk is mitigated for trades categorized as critical and high priority. Escalate outstanding trades in Critical category risk to senior management Skills: BASIC QUALIFICATIONS Understanding of risk and controls required to support derivative transactions Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities Excellent attention to detail and accuracy Effective problem solver Takes actions to ensure that controls are in place and procedures are followed Strong Microsoft Excel skills Skilled at gathering and analyzing quantitative data to guide decision-making Demonstrates strong leadership skills, ability to gather stakeholder support for initiatives across teams and see them through to execution Primary Responsibilities Set strategy and direction for tech and workflow initiatives that will improve execution process and mitigate risk efficiently. Assist with reporting and presentations that articulate the overall compliance metrics, story, and strategy Work directly with the line teams to identify non-compliant themes and patterns and improve execution timelines Work closely with Ops Senior Management, Sec Div Compliance, and Sales PMDs in the Securities Division to develop and execute on firmwide compliance strategy Set strategy and direction for the team that will improve compliance rates Work directly with the line team to ensure risk is mitigated via Affirm and Confirmation process for EQD derivative trade confirmations Demonstrate technical judgment and accuracy by ensuring the team understands the economics of the trade and verify the accuracy in the firm's booking systems Mitigate risk through maintaining accuracy and procedural conformity Assist in the resolution of any exceptions that may arise in a timely manner Proactively partner with internal groups (sales, trading, compliance) to execute EQD confirmations Design and initiate process improvements with thorough understanding the lifecycle of the trade and confirmations platforms Act as a Client Relationship Manager, partner with the Sales and Trading desks to offer best in class client service Take responsibility for maintaining timeliness in accordance with market standards and regulatory requirements Review and detailed analysis of EQD derivatives trade documentation drafted by Legal, External Counsel or our Counterparties. Implementation of small and incremental enhancements to the existing workflow. Effectively manage all Operational and Reputational Risk. Education: Bachelor's Degree