OTC Derivatives & Fixed Income Analyst - Pontoon : Job Details

Operations Business Analyst 11738Duration: 6 months- potential to extendLocation: Bromley£59,000 - £61,000Our well renowned banking client is currently on the market for an Operations Analyst, the role is a hybrid role (3 days in 2 days from home). The position is a 6-month contract with the potential to extend. Our group's remit encompasses responsibilities which satisfy regulatory and compliance requirements (OTC uncleared margin rules & contingent liability reporting for Basel 3 liquidity & SEC disclosures)* This role is primarily focused on the financial risk and control of Uncleared Margin Rules ("UMR") but will also provide backup contingency support for legacy non-standard collateral trigger business processes. * Without adequate resourcing, we risk the potential for non-compliance with Uncleared Margin Rule regulations, validation of complex collateral requirements, and timely resolution of counterparty margin disputes. We can in turn face reputational risk with counterparties as well as with our principal regulators. * Additionally, a degradation in supporting the timely resolution of IA disputes can expose the Bank to Margin Period of Risk (MPOR) capital implications resulting in the firm to take on unnecessary added capital charges.Responsibilities* Review and verify the model inputs feeding the IM calculations.* Identify, document and escalate production errors detected during pre- and post-calculation routines.* Perform periodic controls which exist to prevent and mitigate erroneous IM calculations.* Work directly with the front office and technology teams on issues discovered through technology testing and daily control procedures.* Assist with the testing and validation of IM results through each technology release.* Identify and establish control processes that will mitigate future IM calculation errors.* Perform daily and ad-hoc reporting to measure and monitor key metrics for the UMR BAU space.* Provide enhanced analysis and IM explains to front office and collateral operations teams when counterparty disputes arise for IM calculations.* Communicate effectively with all levels of management, across business units as well as externally to customers of the firm.Requirements* Minimum undergraduate in Mathematics, Finance or Quantitative field* At least 3 years of experience working in a quantitative risk, middle office, or front office role.* Excellent communication & analytical skills* Knowledge of Financial Risk Management, Credit Risk Models, Value at Risk (VaR) including market & credit risk* Strong technical skills including experience using Excel, VBA and SQL* Experience pricing OTC derivative products including futures, options, swaps, credit default swaps, forward rate agreements and swaptions.* Experience working with OTC derivatives/Fixed IncomeWhat's next? If you feel you have the skills and experience and want to hear more about this role hit 'apply now' to declare your interest in this opportunity with our client. Your application will be observed by our dedicated team.We will respond to all successful applicants ASAP, however, please be advised that we will always look to contact you further from this time should we need further applicants or if other opportunities arise relevant to your skillset.Pontoon is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them.